ArcelorMittal plots $100m-a-year green steel innovation investment fund

ArcelorMittal is aiming to invest up to $100m per year in “transformative technologies” and innovations offering the potential to speed up decarbonisation of the steel sector as part of a new green steel innovation fund launched last week. The steelmaking giant said the XCarb Innovation Fund would also provide start-ups with “advice and expertise in … Read more

‘Game changer’: LanzaTech transforms captured carbon into plastic

Carbon capture and recycling specialist LanzaTech claims to have found a way to produce plastic using carbon dioxide captured at steel mills or gasified waste biomass plants. The company announced yesterday that it had discovered a new way to make monoethylene glycol (MEG), which is a key building block for polyethylene terephthalate, everyday or PET … Read more