Ferrum Technologies

Company Description

Steel is foundational to global society. Yet, the industry emits 7-9% of Global CO₂ emissions. There is no technology in today’s market that processes low-quality iron ore – steel’s main input – with no or low CO₂ emissions.

Ferrum uses low-temperature hydrogen plasma to process low-quality ore in the most energy-efficient way possible and with close to zero CO₂ emissions. This process also allows steel companies to co-locate the energy intensive first step of steel production (iron making, reduction of iron ore) in areas with cheap renewable energy, while keeping the second step (melting and refining) in existing

Ferrum has the potential to provide low-to-zero-carbon technology in the steel industry and maintain cost-competitiveness with carbon-based technologies. This would be a massive incentive for steel companies to adopt the technology and could significantly accelerate decarbonization of global steel production.