Primetals, LanzaTech Ink New 10-Year Green Pact
June 28, 2023
Primetals Technologies and LanzaTech announced the signing of a renewed 10-year cooperation agreement around the steel industry’s “green transition,” the companies said on Tuesday, June 27.
Headquartered in London, Primetals seeks new solutions in metals production, and sustainable ways to produce steel, aluminum, and other metals, according to its website. Meanwhile, LanzaTech, with headquarters in Skokie, Ill., describes itself as a “a leading carbon-capture and utilization company.”
The companies said that under the previous agreement they worked together on changing steel emissions into commodity chemicals. With this new 10-year agreement, they will focus on enabling more projects in the global iron and steel sector to adopt LanzaTech’s carbon-recycling technologies.
The companies have already collaborated with ArcelorMittal, using LanzaTech’s technology at the steelmaker’s plant in Ghent, Belgium, which commenced operations in May.
“There is no single pathway for the steel industry to reduce its emissions, but a range of solutions can play a significant part in meeting national, regional, and even corporate net-zero goals,” LanzaTech CEO Jennifer Holmgren said in a press release.
By Ethan Bernard, ethan@steelmarketupdate.com