PROCESSING

Boston Metal secures $120M for steel decarbonisation technology

Sector-backed Boston Metal has closed its “Series C” financing, raising US$120 million to further develop its proprietary steel technology

 The technology is being commercialized to produce green steel and high-value metals, such as tin and niobium. Photo: Boston Metal

The technology is being commercialized to produce green steel and high-value metals, such as tin and niobium. Photo: Boston Metal

Multinational steel company ArcelorMittal led the money raising and was joined by Microsoft's Climate Innovation Fund and SiteGround Capital. The capital has been earmarked to produce green steel using...

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