Commodity Inside

  • Login
  • MY CART
    No products in cart.
  • Home
  • Reports & Data
    • Commodities
      • Steel Market
      • Raw Materials and Base Metals
      • Glass and Plastics Market
      • Energy Market
    • End Users
      • Automotive Market
      • Construction Market
      • Electronics Market
      • Packaging Market
  • Consulting
    • Coverage
      • Our Expertise
      • Sample Works
    • Engagement
      • Our Approach
      • Research Methodology
  • Knowledge
    • Market Insight
    • World Gold Mines Database
    • COVID-19 Impact on the Steel Industry
  • About
    • About Us
    • Contact Us
  • Home
  • Market Insight
  • Steel
  • Decarbonisation of steel gets traction with BHP back up Boston Steel

Decarbonisation of steel gets traction with BHP back up Boston Steel

by Commodity Inside / Tuesday, 19 January 2021 / Published in Steel
Decarbonising steel industry

Steel is one of the heavy industries which are considered as significant polluters. The initiatives to decarbonise steel increased with both mining and hot metal producers have signed various deals recently.

When it comes to direct emission, mining companies have a minimal share in emission than their customers- steel producers. Indirect emission, especially those caused by the company’s customers, is known as scope 3 emission.

Companies like Vale, BHP and Rio Tinto have huge emission responsibility when it comes to scope 3. Mining companies are now finding ways to reduce their scope 3 emissions and trying to work closely with steel producers. Both BHP and Rio have announced a partnership with China’s Baowu on projects to reduce emission. Posco is also at the forefronts of trying to reduce emission and joined hands with Fortescue.

BHP is one the mining company that made seed investments in numerous start-ups that focused on decarbonisation, including Boston Metal, a technology company that operates from a 10k sq foot facility in Massachusetts, US.  The company raised US$ 50 million in Series B funding, where the existing investors include Bill Gates-financed Breakthrough Energy Ventures. BHP has not disclosed the amount but it can be near to $US 10 million.

Boston Metal is commercialising its patented molten oxide electrolysis (MOE) production platform, which aims to produce efficient, costs effective and greener steel. It has made emission-free steel alloys, and the pilot project results show that low emissions steel production is possible.

Would you want to explore this topic or any other research areas further, please contact us for FREE Consultations at Research@commodityinside.com

Take Your Research to the Next Level

NEED HELP?

Legal

  • Terms and Conditions
  • Privacy Policy
  • GET SOCIAL

Subscribe to our newsletter

Commodity Inside Limited is registered at UK Companies House. ©2022 Commodity Inside Limited I All rights reserved.

Contact:

info@commodityinside.com
+44 (0) 208 123 7812

TOP