Major Steel Producer is Reducing Carbon Footprint
Companies involved in manufacturing and distributing steel are leaving behind a massive carbon footprint in their wake. Due to the excess pollution of carbon monoxide and dioxide into the atmosphere, a major steel producer – ArcelorMittal – is looking to change the game. br>
The company, which is currently producing 90 million tons of steel every year, has formed a partnership with two other major players – LanzaTech, a bioengineering company, and Primetals Technologies, a company that provides tech and service to those in the iron and steel industry. The three companies have come together to convert the waste from producing steel into bioethanol. br>
The project will take place at ArcelorMittal’s steel plant in Belgium where a new facility, expecting to cost about $87 million to construct, to produce the bioethanol. This project will be the first commercial plant in Europe to convert waste into bioethanol. br>
In an article for Forbes Carl De Maré Vice President of Innovation at ArcelorMittal said “this partnership is an example of how we are looking at all potential opportunities to reduce CO2 emissions and support a transition to a lower carbon economy.” br>
It is estimated by ArcelorMittal that for every ton of bioethanol would replace about 5 barrels of traditional gasoline. Construction on the new facility should start by the end of 2015 but bioethanol production will most likely not commence before 2017.