ArcelorMittal: five million invested in Char Technologies

( – ArcelorMittal announced on Wednesday that it has selected the Canadian company Char Technologies as part of its ‘XCarb’ acceleration program intended to support start-ups and support its decarbonization.

The steelmaker indicates that this choice will result in an investment of five million dollars from its innovation fund in this company specializing in the transformation of wood-based waste.

Char Technologies converts organic waste into renewable gases and biocarbons to offset fossil fuels and reduce greenhouse gas emissions.

Launched last year, the ‘XCarb’ accelerator program aims to identify the best companies and the brightest ideas in disruptive technologies to accelerate the decarbonisation of the steel industry.

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