Canvas Category OEM : Primary Metal

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Primary Location Luxembourg City, Luxembourg

Financial Status NYSE: MT

At ArcelorMittal, our goal is to help build a better world with smarter steels. Steels made using innovative processes which are more efficient, use less energy, and emit significantly less carbon. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. We foster this culture of innovation by putting research and development at the heart of our operations. We have some of the best and brightest people in the business – engineers who work for us because they get to tackle the most complex of problems.

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Schneider Electric partners with ArcelorMittal on low-carbon steel to reduce the environmental impact of its products

📅 Date:

🔖 Topics: Partnership

🏢 Organizations: Schneider Electric, ArcelorMittal

ArcelorMittal, the world’s leading steel and mining company, and Schneider Electric, the leader in the digital transformation of energy management and automation, announced today a partnership whereby ArcelorMittal will supply Schneider Electric with XCarb® recycled and renewably produced steel for its electrical cabinets and enclosures.

Produced at ArcelorMittal’s site in Sestao, Spain, XCarb® recycled and renewably produced steel is made using a very high proportion of recycled steel in an electric arc furnace, powered with 100% renewable electricity. This results in CO₂ emissions which are close to 70% lower than the same product made without XCarb® recycled and renewably produced steel.

ArcelorMittal’s XCarb® recycled and renewably produced steel will be used by Schneider Electric to manufacture the new PanelSeT SFN floor-standing enclosures built to protect large electrical panels for industrial automation, power distribution and electronic applications. As these enclosures are built to withstand tough operating environments, the XCarb® recycled and renewably produced steel is also coated with Magnelis®, a metallic coating offering high corrosion protection.

Read more at SE Newsroom

Why Sandy is Captivated By Castings: IDRA Conference Recap

CHAR Technologies Announces C$6.6M Strategic Investment by ArcelorMittal and Annual Biocarbon Purchase Agreement

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: CHAR Technologies, ArcelorMittal

CHAR Technologies Ltd. (“CHAR” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is thrilled to announce that the Company has closed a C$6.6M strategic investment by world’s leading steel and mining company, ArcelorMittal S.A., through ArcelorMittal XCarb (“ArcelorMittal”) and ArcelorMittal’s XCarb® Innovation Fund (the “Fund”). With a presence in 60 countries and primary steelmaking facilities in 16 countries, including ArcelorMittal Dofasco in Hamilton, Ontario.

Read more at Globe Newswire

Green Steel Technology Company Boston Metal Announces $120M Series C Financing Led by ArcelorMittal

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Boston Metal, ArcelorMittal, Microsoft

Boston Metal, a company developing technology to fully decarbonize steel production, today announced the $120 million first close of Series C fundraising led by multinational steel company, ArcelorMittal S.A. (NYSE: MT). Microsoft’s Climate Innovation Fund and SiteGround Capital also joined as new investors in this round, alongside current investors.

Boston Metal’s patented Molten Oxide Electrolysis (MOE) process is being commercialized to produce both green steel and high-value metals, such as tin and niobium. The Series C funds will expand the production of green steel at the company’s pilot facility outside Boston and will support the site selection and preliminary design of its first green steel plant. The new resources will also support the construction and commissioning of a manufacturing facility for high-value metals at the company’s Brazilian subsidiary, Boston Metal do Brasil.

Read more at Businesswire

The business of sustainability in steelmaking

📅 Date:

✍️ Author: Jim Montague

🔖 Topics: Sustainability

🏭 Vertical: Primary Metal

🏢 Organizations: ArcelorMittal, Schneider Electric

These upgrades at the Train 2 plant allowed ArcelorMittal to save 15-20% on installation, reduce downtime by 5-10%, save 170 equivalent metric tons of CO2, and prevent reprocessing 26 tons of materials. Sensor-based equipment condition monitoring also let the steelmaker’s staff track energy use and identify potential faults before they cause downtime. These improvements also increase the facility’s installation reliability, energy efficiency, personnel safety and equipment life with predictive maintenance.

Read more at Control Global

ArcelorMittal expands partnership with carbon capture and re-use specialist LanzaTech through US$30 million investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ArcelorMittal, LanzaTech

ArcelorMittal (‘the Company’) today announces it has made a US$30 million investment in carbon recycling company, LanzaTech through its XCarb™ innovation fund, the fourth investment the Company has made through the fund since its launch in March 2021.

The investment further expands ArcelorMittal’s relationship with LanzaTech, which commenced in 2015 when the Company first announced plans to utilise LanzaTech’s carbon capture and re-use technology at its plant in Ghent, Belgium. The €180 million Carbalyst® plant – ArcelorMittal’s flagship carbon capture and re-use technology project - is currently under construction, with commissioning expected before the end of 2022. Also known as the Steelanol project, funding has been obtained from various sources, including from the European Union’s Horizon 2020 program, the European Investment Bank and the Belgian and Flemish governments.

Read more at ArcelorMittal Press Release