So far, among the three projects that have been funded under pillar 1 is Algoma Steel's project to replace its blast furnace technology, which will enable the company to transition to a low-emissions economy, while continuing to run its operations, create jobs and advance Canada's economy. The second project is with ArcelorMittal. This project will help modernize practices and reduce greenhouse gases in the steel sector. Finally, the third project, from Heidelberg Materials, will capture greenhouse gases at the cement plant.
On December 4th, 2024. See this statement in context.