24
Jun
13:02
ArcelorMittal invests in California 'Sunlight Refinery' company
Luxembourg-based steelmaker ArcelorMittal has joined Rio Tinto and others in investing in Pasadena, California’s Heliogen, which aims to replace industrial fossil fuel use with solar power, Kallanish reports.
Over the course of two funding rounds, Heliogen raised $108 million from ArcelorMittal, Prime Movers Lab, Ocgrow Ventures, and others.
Earlier in June, ArcelorMittal invested an initial $10m and signed a memorandum of understanding with Hel…
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Very good overview of the weekly steel market.
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