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0 0 0.000902527075812415 -0.000902527075812255 -0.00361010830324902 -0.00541516245487353 0.00541516245487369 0.00270758122743693
Stock impact report

ArcelorMittal's XCarb Fund Invests $5 Million in Utility Global [Yahoo! Finance]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The fund backs companies that develop breakthrough technologies aimed at decarbonizing steel production. This investment forms part of Utility Global's $53 million Series C funding round, led by Ontario Power Generation. Utility Global developed a patented reactor capable of processing variable industrial gases without electricity, converting them into high-purity hydrogen and a concentrated CO2 stream. Hydrogen can be used to replace natural gas in steelmaking. At the same time, the concentrated CO2 stream facilitates easier and more cost-effective carbon capture and storage — key to reducing emissions in the steel industry. ArcelorMittal Price and Consensus ArcelorMittal price-consensus-chart | ArcelorMittal Quote In addition to the financial investment, MT entered into a collaboration agreement with Utility Global to expedite the adoption of this technology. The partnership includes plans to explore pilot projects at ArcelorMittal facilities, with the potential to scale up Show less Read more
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