ArcelorMittal

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.

Assembly Line

Utility Global Raises $53 Million of Ongoing Series C Financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Utility Global, ArcelorMittal


Utility Global, the off-gas-to-value company pioneering its proprietary eXERO™ gas production technology optimized for hard-to-abate industries, announced that it has raised $53 million of an ongoing Series C financing led by the OPG Pension Plan and joined by multinational steel company, ArcelorMittal S.A. (NYSE: MT), via its XCarb® Innovation Fund, alongside current investors Ara Partners and Aramco Ventures. This investment is part of Utility Global’s current growth equity funding round. ArcelorMittal and Utility Global also entered into a Collaboration Agreement to develop a commercial facility at one or more of ArcelorMittal’s integrated steel plants. These key strategic investments and commercialization steps further demonstrate the unique technological approach Utility Global is pursuing to decarbonize industries such as steel, biogas to hydrogen mobility, energy production, chemicals and refining, and other hard-to-abate sectors.

The proceeds from this round will serve to further accelerate commercialization and go-to-market strategies for Utility Global’s proven, patented and tested eXERO technology. With the successful completion of its demonstration program at a commercial steel facility resulting in the first hydrogen ever produced from blast furnace off-gases in a single reactor, the company has shifted to commercial deployments. Specifically, the investments will focus on final design and productization aimed at deploying first commercial units in 2026, under the company’s H2GenTM product line. Utility Global’s innovative technology will transform steel, biogas to mobility, and other industries by introducing a new, cost-effective way of reducing greenhouse gas emissions while producing low-carbon intensity fuels and chemicals that benefit all involved.

Read more at Business Wire

World-first trial of new technology to recycle CO2 emissions from steel production begins at ArcelorMittal Gent, Belgium

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🏢 Organizations: ArcelorMittal, Mitsubishi Heavy Industries, D-CRBN


ArcelorMittal and Mitsubishi Heavy Industries, Ltd. (MHI) are working with a climate tech company, D-CRBN, to trial a new technology to convert carbon dioxide (CO2) captured at ArcelorMittal’s plant in Gent, Belgium into carbon monoxide which can be used in steel and chemical production.

This is the first industrial testing of D-CRBN’s plasma technology, making ArcelorMittal Gent the first steel plant in the world to trial the process, which has been designed to reduce CO2 emissions.

This new trial expands the current multi-year carbon capture pilot taking place at the site to test the feasibility of full-scale deployment of MHI’s carbon capture technology (Advanced KM CDR Process™).

Read more at ArcelorMittal Corporate

Materialise and ArcelorMittal Announce Partnership to Enhance Metal 3D Printing Capabilities

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🔖 Topics: Partnership

🏢 Organizations: Materialise, ArcelorMittal


Materialise, a global leader in 3D printing software and services, and ArcelorMittal Powders, a business unit of ArcelorMittal established to produce high-quality steel powders, have signed a memorandum of understanding (MOU) to create solutions to optimize laser powder bed fusion (LPBF) equipment and metal 3D printing strategies. Through the MOU, ArcelorMittal will use Materialise’s next-gen build processor for 3d printers.

The two companies are partnering to develop solutions that integrate Materialise’s next-gen build processor and ArcelorMittal Powders’ AdamIQTM range of steel powders to enhance LPBF, the most widely used additive manufacturing technology for producing metal parts. Build processors link 3D printers with data preparation software, streamlining the additive manufacturing process from design to print. Materialise’s next-gen build processor supports larger build volumes and more complex geometries than traditional build processors, so users will be able to customize process parameters, streamline workflows and print faster. Combined with the AdamIQTM steel powders made specifically for additive manufacturing applications, these printing solutions help improve setup and production speed, part quality, cost-efficiency, reproducibility and repeatability.

Read more at ArcelorMittal News

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

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🔖 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

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🔖 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

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🔖 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

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✍️ 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