ArcelorMittal, LanzaTech and Primetals Technologies entered into a letter of intent to construct Europe’s first-ever commercial-scale production facility to create bioethanol from waste gases produced during the steelmaking process. The resulting bioethanol can cut greenhouse-gas emissions by over 80% compared with conventional fossil fuels. Construction of the approximately $95 million project, which will be located at ArcelorMittal’s steel plant in Ghent, Belgium, is scheduled to begin later this year, with bioethanol production expected to start mid-2017. Construction will be in two phases, with phase one providing an initial capacity of 16,000 tons of ethanol per year by mid-2017. Phase two, which will be completed in 2018, will bring total capacity to 47,000 tons of ethanol per year.