ArcelorMittal, Vow ASA Sign Memorandum on Luxembourg Biogas Production Plant
January 28 2021 - 10:21AM
Dow Jones News
By Cecilia Butini
ArcelorMittal and Vow ASA have signed a memorandum of
understanding for the construction of a biogas production plant in
Luxembourg to reduce CO2 emissions during the steelmaking process,
the two companies said Thursday.
The project, which will make use of ArcelorMittal's Rodange site
in Luxembourg, will be carried out by ArcelorMittal Europe through
its Long Products business and by Vow's subsidiary ETIA SAS, the
companies said.
The new biogas plant will be operational in 2022, according to
the companies.
ArcelorMittal and Vow will cooperate on engineering, business
models and financing, they said. The biogas will be produced using
a pryolysis technology patented by Vow which involves heating
biomass at high temperatures, according to the companies.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
January 28, 2021 10:06 ET (15:06 GMT)
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