Metallurgy — latest ecology news
Scrap production from end-of-life cars is expected to reach 4.6 million tonnes in FY2023 and 7.30 million tonnes by 2029-30
The production of green steel will require approximately 1.5 GW of electrolyzers
Low-carbon steel will reduce the intensity of emissions by 66%
The production of one ton of green steel requires 3.6 MWh of electricity
The startup has already collected $17 million through grants from the state and mining companies
E-fuel markup will increase overall prices by only 5%
The technology will make it possible to reduce the plant's annual emissions by 125,000 tons
MENA can become a world leader in the export of ecologically clean iron
The company already uses 80% scrap in production processes
The first production of green steel will be launched by the end of 2025
The technology requires a temperature of 25-40°C and the presence of water
The company plans to become climate neutral by 2050