Molten Industries receives $5.4 million for green steel project
Views : 21
Update time : 2024-07-26 16:57:40
Molten Industries is a major carbon-neutral steel production company. The company's green steel project received $5.4 million to pilot sustainable steel production using hydrogen produced by methane pyrolysis. The program was assigned and funded by the U.S. Department of Energy's (DOE) Industrial Efficiency and Decarbonization Division and the Office of Hydrogen and Fuel Cell Technologies.
Molten Industries will collaborate with U.S. Steel and CPFD Software, providing feedstock for the Molten plant’s direct reduced iron (DRI) vertical furnace. In return, U.S. Steel will supply iron ore and utilize hydrogen to directly reduce iron for producing environmentally friendly steel in electric arc furnaces. This initiative aims to decrease CO2 emissions generated during the crude steel production process.
China's A00 Aluminium ingot market initiated the week with a decline of RMB 50/t with stable raw material prices
