“The company has raised more than $370 million to date from organizations across Europe, Asia”
Steel accounts for 7 to 9 percent of global greenhouse emissions. Boston Metal runs electricity through molten ore and gets oxygen out instead of CO2. After $370 million, the steel process is still “slated” for commercial scale in 2026. What runs today pulls metals out of mining waste in Brazil. Green steel stays two years away until somebody actually ships it.