Moeve and ArcelorMittal create Green Molecules to Green Steel project development platform
In Spain, Moeve and ArcelorMittal will combine their expertise in innovation, energy solutions, and industrial capabilities to create a new platform for developing projects that have a direct impact on the competitiveness and sustainability of the production sector. The Green Molecules to Green Steel (G2G) partnership behind the platform aims to develop (following the receipt of any necessary regulatory approvals), scale and implement disruptive technologies that enable green molecules to drive the transition to low-emissions steel and industrial decarbonization.
The new platform, will be established as a 50-50 partnership between the two companies, will be financed through a combination of its own resources and public support. Sekuens (the Asturian Agency for Science, Business Competitiveness, and Innovation) will contribute through existing and future initiatives designed to promote innovation in Asturias. Future participation by other public agencies, at both regional and national levels, as well as private entities, has not been ruled out, provided they are aligned with the platform’s objectives and governance structure.
This cross-cutting, public-private partnership will aim to develop industrial demonstrators that will subsequently be scaled up at production facilities. The G2G partnership will place green molecules (such as biomethane and biogas, renewable hydrogen and derivatives, and second-generation biofuels) and other solutions for accelerating decarbonization (such as more efficient catalysts) at the heart of the new industrial model through a hub driven by Moeve and ArcelorMittal’s innovation centers. These laboratories promote disruptive and cutting-edge technologies for CO2 capture to add value to this molecule, biotechnology that enables improvements in production processes, and artificial intelligence applied to the creation of new materials. It is an open and collaborative community that strengthens the innovation ecosystem and provides opportunities for startups, universities, and technology centers, all while helping attract talent.
Category: Fuels
