ArcelorMittal, Evonik, LafargeHolcim and Solvay investigate trans-sector technological potential to reduce carbon emissions under a new "Low Carbon Technology Partnerships Initiative (LCTPi) (*)"

ArcelorMittal S.A. / ArcelorMittal, Evonik, LafargeHolcim and Solvay investigate trans-sector technological potential to reduce carbon emissions under a new "Low Carbon Technology Partnerships Initiative (LCTPi) (*)" . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Marrakech, 17 November 2016 - ArcelorMittal, Evonik, LafargeHolcim and Solvay today announce the formation of a new Low Carbon Technology Partnerships Initiative across the steel, cement and chemicals industries.

This new partnership will look at the potential synergies that exist between the manufacturing processes of these three energy intensive sectors, and how these synergies could be harnessed to reducing CO₂ emissions.

As a first step, and following preliminary research, the innovative partnership will produce a study (**) with the technical support of Arthur D. Little to identify potential ways to valorise industrial off-gases and other by-products from their manufacturing processes to produce goods with a lower carbon footprint than through the fossil path. The preliminary research already allowed identifying significant potential in selected trans-sector pathways.

The study is aimed at bringing a fact-based overview of carbon and energy sources  from industrial off-gases (first at a European level), and evaluating the technical, environmental and economic feasibility of different Carbon Capture and Usage (CCU) pathways and their potential.

Initial findings from the first step already underway suggest that:

• Deploying cross-sector carbon capture and reuse opportunities on an industrial scale  - something that does not happen today - could reduce up to 3 GT/y or 7% of global anthropogenic CO₂ emissions.
   
• Existing conversion technologies that could be deployed across the three sectors could utilise by-products in the off-gases to create building materials, organic chemicals and fuel. As an example, up to 1-2% (0.4-0.7 Gt/y) of global anthropogenic CO₂ could be reduced with the production of ethanol/methanol alone.
   
• Increased availability and greater access to renewable energy sources, would significantly boost net carbon reduction efforts by those three sectors, within a supportive legislative framework.