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Emirates Steel Arkan has partnered with ITOCHU Corporation and JFE Steel Corporation to consider the construction of a ferrous raw material production facility in Abu Dhabi.
The MoU’s focus areas include low-carbon sintering technology, blast furnace (BF) and basic oxygen furnace (BOF) optimisation, and carbon capture and utilisation (CCU).
HYBRIT has taken another important step in developing the overall value chain for fossil-free iron and steel production.
The agreement between the two companies aims to set a model steel plant for the future by addressing the circularity of iron materials.
Steel is the essential material needed to build strong, lightweight tubes for the hyperloop that can withstand an internal low air pressure with sufficient rigidity.
Helios, backed by the Israeli Energy Ministry and the Israel Space Agency (ISA), is using a reduction process that recycles the proprietary reducing agent in a closed loop, emitting only oxygen, and by doing so, reducing the overall energy needed in ironmaking by up to 50%.
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