financetom
Business
financetom
/
Business
/
ArcelorMittal, Partners Launch Carbon Capture Pilot at Gent Plant in Belgium
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ArcelorMittal, Partners Launch Carbon Capture Pilot at Gent Plant in Belgium
May 22, 2024 5:01 AM

07:44 AM EDT, 05/22/2024 (MT Newswires) -- ArcelorMittal ( MT ) and partners Mitsubishi Heavy Industries, BHP (BHP), and Mitsubishi Development have launched a pilot carbon capture unit at the ArcelorMittal Gent plant in Belgium, BHP said Wednesday.

The unit will operate for one to two years, testing the feasibility of capturing a significant portion of the plant's carbon dioxide emissions.

The trial will involve two phases. The first will capture 300 kilograms of carbon dioxide daily from blast furnace top gas, and the second will test carbon dioxide capture from the hot strip mill reheating furnace off-gases, which include coke gas, blast furnace gases, and natural gas, BHP said.

Shares of ArcelorMittal ( MT ) were down 1.6% in recent Wednesday premarket activity.

Price: 25.78, Change: -0.41, Percent Change: -1.57

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Freeport-McMoRan Q4 Adjusted Earnings Rise, Revenue Falls
Freeport-McMoRan Q4 Adjusted Earnings Rise, Revenue Falls
Jan 23, 2025
08:10 AM EST, 01/23/2025 (MT Newswires) -- Freeport-McMoRan ( FCX ) reported Q4 adjusted earnings Thursday of $0.31 per share, up from $0.27 a year earlier. Analysts polled by FactSet expected $0.22. Revenue for the quarter ended Dec. 31 was $5.72 billion, compared with $5.91 billion a year earlier. Analysts surveyed by FactSet expected $5.84 billion. Freeport-McMoRan ( FCX )...
Eloro Resources Reports Latest Drill Results From Iska Iska Project in Bolivia
Eloro Resources Reports Latest Drill Results From Iska Iska Project in Bolivia
Jan 23, 2025
08:12 AM EST, 01/23/2025 (MT Newswires) -- Eloro Resources ( ELRRF ) reported Thursday further assays from its definition diamond drilling program in the potential Santa Barbara starter pit area within the Iska Iska silver-tin polymetallic project in Bolivia. Results include 33 meters grading 1.39% tin within 87 meters grading 0.74% tin as the company opened up a major tin...
Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses
Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses
Jan 23, 2025
(Reuters) - Cholula hot sauce maker McCormick ( MKC ) forecast annual sales and profit below analysts' estimates on Thursday, hurt by a persistent slump in demand for its spices and condiments, especially in China, as well as higher marketing expenses. Packaged food companies including  McCormick ( MKC ), General Mills ( GIS ) and Conagra Brands ( CAG )...
BRIEF-Novabay Pharmaceuticals Completes The Sale Of Its Eyecare Business To Prn
BRIEF-Novabay Pharmaceuticals Completes The Sale Of Its Eyecare Business To Prn
Jan 23, 2025
Jan 23 (Reuters) - NovaBay Pharmaceuticals Inc ( NBY ): * NOVABAY PHARMACEUTICALS COMPLETES THE SALE OF ITS EYECARE BUSINESS TO PRN AND FURTHER ADJOURNS ITS SPECIAL MEETING OF STOCKHOLDERS ON DISSOLUTION PROPOSAL Source text: Further company coverage: ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved