Industry News

Molten Industries receives $5.4 million for green steel project

Views : 72
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 >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices