US company gets $120 million boost to make ‘green steel’ | The Sacramento Bee (sacbee.com)
NEW YORK, Jan 26 (Reuters) - ArcelorMittal (MT.LU) has led the latest, $120 million round of investment for Boston Metal in the startup's quest to go to market by 2026 with equipment capable of taking the heavy greenhouse gas emissions out of steel production, the companies said."
Whilst this is not a good sign for us, Boston Metal plans to utilize low grade hematite to produce green steel, it shows that companies are making huge investments to produce technology to make green steel. Startup companies like Electra and boston metal are the favorites at the moment. Historically however, it has proven that it takes 10-15 years to scale up new technology so we have plenty of time. Whatever it is, the green steel market is going strong.
US company gets $120 million boost to make ‘green steel’ | The...
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