Ternium has signed a new deal with Gás Verde in Brazil to buy biomethane supplies from a landfill for making steel in Río de Janeiro. It’s the first manufacturer to use this renewable gas fuel in Latin America, allowing it to scale back the use of fossil natural gas.
Thanks to its technological assets, Tenova is landing new contracts with steel manufacturers seeking to reduce carbon dioxide emissions by replacing fossil fuels with green hydrogen to make direct reduced iron (DRI) and reduce dependency on coke-fired Blast Furnaces.
Tenaris has developed an easier and more efficient way to store hydrogen that uses fewer but much longer cylinders. The solution is gaining attention as the world shifts to this abundant element as a clean fuel on the pathway to net zero.
TechEnergy Ventures has invested in two start-ups developing technologies to reduce carbon dioxide emissions by using the heat from industrial processes to generate electricity and replacing jet fuel with sustainable fuel. The growth potential is enormous.
Hernán Milberg, Techint E&C’s Energy Transition Manager, says the first big deals will be in natural gas, followed by carbon capture, hydrogen, and synthetic fuels as more financing and equipment become available for these new technologies.