Industry News

Molten Industries receives $5.4 million for green steel project

Views : 83
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.
Related News
Read More >>
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
May .15.2025
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
May .15.2025
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
Rio Tinto to launch Simandou iron ore shipments in Nov Rio Tinto to launch Simandou iron ore shipments in Nov
May .15.2025
Rio Tinto to launch Simandou iron ore shipments in Nov
Iron ore prices break through $102 mark Iron ore prices break through $102 mark
May .15.2025
Iron ore prices break through $102 mark