The electrolysis process in a nutshell.
As part of Volteron™, John Cockerill and ArcelorMittal will work together to define an industrial-scale electrolysis plant. A decision on whether to build the plant will be taken by ArcelorMittal’s Investment Allocation Committee by the end of 2025. ArcelorMittal hopes to have the first plant fully operational by 2030.
ArcelorMittal has also invested in Boston Metal – a promising start-up which aims to develop and commercialise a patented process which uses renewable electricity to produce molten steel through a direct, one-step operation. ArcelorMittal invested US$36 million in the venture using funds from our XCarb® Innovation Fund.