Posted on Oct 11, 2021, 11:04 AMUpdated Oct 11, 2021, 11:11 AM
“Our technology is revolutionary! Boston Metal CEO Tadeu Carneiro is convinced that his company’s patented technology, which makes it possible to produce steel by electrolysis, will change the world. It makes it possible to reduce iron ore, that is to say to extract oxygen from it, by passing a current between two electrodes, themselves very innovative. “If the electricity used is carbon-free, this makes it possible to manufacture a totally ‘green’ steel,” enthuses the Brazilian leader, met during a conference last June.
A significant advantage. Steel production represents between 5 and 7% of CO emissions2 worldwide, and steelmakers have embarked on a long-term race to decarbonise their processes by 2050.