EU GREEN STEELMAKING: ArcelorMittal receives $82m EIB loan for two projects

Steelmaker ArcelorMittal is to receive a ?,?75 million ($82 million) loan from the European Investment Bank (EIB) to be used on its projects intended to reduce carbon emissions.

Two projects will operate at ArcelorMittal's Ghent location in Belgium. These are worth ?,?215 million in total and are hoped to eliminate as much as 350,000 tonnes per year of CO2 emissions in the first phase.
The first project, named Steelanol, is a ?,?165 million industrial-scale demonstration plant that will capture waste gases from the blast furnace and biologically convert them into recycled-carbon ethanol, which can be blended for use as a liquid fuel.
The technology was developed by LanzaTech, with which ArcelorMittal has entered a long-term partnership, together with Primetals and E4tech.
Once complete, the plant is expected to produce as much as 80 million liters per year of recycled-carbon ethanol. The project is expected to be completed in 2022.

The second project, named Torero, is a ?,?50 million large-scale demonstration plant to convert waste wood into bio-coal, to partially replace the coal currently injected into the...

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue

Gold stocks down in risk-on shift

Gold stocks rocket on metal rebound and equities jump