Profits With A Purpose

Decarbonizing Steel

Today there is no obvious connection between the packages delivered to your door by Amazon and blast furnaces at a traditional steel mill but if things go as planned there will be. Infinium, a San Francisco-based startup backed by Amazon, announced February 7 that is partnering with French global energy company ENGIE on a project called Rueze to develop a facility that will produce ultra-low carbon fuels at scale for th transportation industry in Europe, including the trucks, ships and planes that deliver the e-commerce giant’s packages. The feedstock for the fuels will include hundreds of thousands of tons of emissions from ArcelorMittal’s Dunkirk steel mill in northern France. The Reuze project “has the potential to transform Dunkirk into one of the most notable circular carbon economy hubs in the world,” says a press release. It is just one example of how steelmakers are working with startups, governments, energy companies and new technologies to create greener steel and power a circular carbon economy involving everything from transportation fuels to the production of more environment-friendly plastics and cars.

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.