9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

ArcelorMittal and John Cockerill partner to build iron electrolysis plant

In 2027, the anticipated launch year, ArcelorMittal, the prominent steel company, and John Cockerill, a leading group in steel processing facilities and electrolysers development, reveal their collaborative endeavor to build the inaugural large-scale, low-temperature iron electrolysis plant, known as Volteron™.

 ArcelorMittal and John Cockerill partner to build iron electrolysis plant

ArcelorMittal and John Cockerill are partnering to build the world's first industrial-scale low temperature, iron electrolysis plant, called Volteron™. The plant aims to produce 40,000 to 80,000 tonnes of iron plates annually initially, with plans to increase capacity to 300,000 to 1 million tonnes later.

The project, previously known as SIDERWIN, has received funding from the EU's Horizon 2020 program. The Volteron™ process uses carbon-free, cold direct electrolysis to extract iron from iron ore. The resulting iron plates are further processed into steel.

ArcelorMittal aims to be the first to produce steel at scale using this low temperature electrolysis process, with the potential to revolutionize steelmaking by eliminating carbon emissions.

In collaboration with ArcelorMittal, John Cockerill Industry, a leading technology company in steelmaking engineering, is proud to develop Volteron™, a highly efficient technology for CO2-free steel production. This partnership aims to address global warming and revolutionize the steel industry.

ArcelorMittal is also exploring two other decarbonization pathways, namely Smart Carbon and Innovative-DRI, to achieve net zero steelmaking. Smart Carbon involves clean energy sources and carbon capture, while Innovative-DRI utilizes hydrogen as a replacement for fossil fuels in steel production.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now