Market Segment
June 28, 2022
SDI Announces Partnership with Aymium to Reduce Emissions
Written by Brett Linton
Steel Dynamics Inc. (SDI) announced today the creation of a joint venture with Aymium, a producer of renewable biocarbon products. Operating under the name SDI Biocarbon Solutions, LLC, SDI will hold a 55% stake and Aymium owns the remaining 45%.
The company plans to create a biocarbon production facility to supply SDI’s electric arc furnace mills with a renewable alternative to fossil-fuel carbon. With an estimated capital investment of $125-150 million, the initial capability is expected to be more than 160,000 metric tons per year. The facility is expected to start operating in late-2023.
“We are proud to help accelerate our collective goal to reduce greenhouse gas emissions through this further partnering with Aymium,” said Mark Millett, SDI’s president, and CEO. “We have successfully trialed Aymium’s biocarbon product in our steel operations, and conservatively estimate this first facility will reduce our Scope 1 steelmaking greenhouse gas emissions intensity between 20% and 25%… This investment represents a significant step forward on our path to carbon neutrality, and our continued commitment to reduce our environmental footprint.”
Aymium CEO James Mennell stated, “Aymium’s renewable biocarbon products allow for immediate replacement of fossil fuels with renewable, carbon negative inputs, without the need to modify existing manufacturing processes or equipment.”
Read the full press release here.
By Brett Linton, Brett@SteelMarketUpdate.com
