Helios and BlueScopeX Forge a Sustainable Steel Future
Helios Project Ltd. Collaborates with BlueScopeX
Helios Project Ltd. is making strides in the steel manufacturing sector with its innovative Helios Cycle™, a groundbreaking process designed to manufacture iron and other metals using sodium as a reducing agent. This technique is advantageous as it significantly reduces energy consumption and eliminates direct carbon emissions. Recently, Helios has entered into a Memorandum of Understanding (MoU) with BlueScopeX Pty Ltd, which is a subsidiary of BlueScope Steel, a leading provider in global steel production.
Objectives of the Memorandum of Understanding
The primary objective of this collaboration is to explore the potential use of Helios Green Iron (HGI™) in select sections of BlueScope's steelmaking processes. The partnership will initially focus on a pilot project, which is anticipated to commence in 2026. During this pilot phase, Helios will supply HGI™ that has been produced through its advanced pilot plants, incorporating its proprietary technology.
Quotes from Leadership
"We are excited to partner with BlueScopeX to demonstrate the use of Helios Green Iron in their steelmaking operations," remarked Jonathan Geifman, the CEO and co-founder of Helios Project Ltd. He emphasized the significance of this collaboration as a notable milestone in the development of sustainable practices within the steel industry. Geifman believes that this initiative marks a forward step towards a greener future for steel production with emerging innovations such as the Helios Cycle™.
The Challenge of Steel Decarbonization
Andrew Garey, the Chief Executive of BlueScope's venture fund, BlueScopeX, expressed his enthusiasm about the collaboration. He acknowledged the remarkable challenge faced by the steel industry in its decarbonization efforts and highlighted the importance of partnering with innovative companies like Helios that can contribute to this crucial journey.
About Helios Project Ltd.
Helios Project Ltd. was founded in 2018 originally as a space technology company with an initial focus on oxygen extraction from lunar resources. Over time, the company has adapted its mission to address more terrestrial challenges in the metallurgy industry. The Helios Cycle™ technology has been developed to transform iron ore and other metals using sodium, resulting in the emission of only oxygen. This technological advancement is poised to assist the steel industry in reducing its carbon footprint by creating affordable green iron from various sources, including low-grade ores.
The Steel Industry's Environmental Impact
The global steel industry faces significant challenges, especially regarding its environmental impact. Nearly 2 billion tons of steel are produced each year, which corresponds to approximately 10% of global CO? emissions. Helios is committed to addressing these challenges by developing sustainable alternatives to traditional coal-based iron production, thereby contributing to a greener planet.
Helios' Commitment to Sustainability
As an affiliated member of the World Steel Association, Helios Project Ltd. is focused on the quest for finding sustainable approaches to iron production. It aims to create green iron sourced from diverse iron ores, including those that are typically deemed low-grade or even tailings. Through innovative technologies and partnerships, Helios is certainly paving the way for more sustainable practices in the metal industry.
Frequently Asked Questions
What is the Helios Cycle™?
The Helios Cycle™ is an innovative process developed by Helios Project Ltd. for producing metals, particularly iron, with minimized energy use and no carbon emissions.
Who is BlueScopeX?
BlueScopeX is a subsidiary of BlueScope Steel, a renowned global manufacturer of steel based in Australia, focused on investment in innovative solutions for the steel industry.
What is the goal of the MoU between Helios and BlueScopeX?
The MoU aims to showcase the application of Helios Green Iron in parts of BlueScope's steelmaking operations, facilitating a pilot project starting in 2026.
How does Helios green iron production support sustainability?
Helios' production process utilizes sodium and emits only oxygen, which significantly reduces environmental impact and supports the steel industry's shift towards more sustainable methods.
What challenges does the steel industry face regarding emissions?
The steel industry is one of the largest contributors to global CO? emissions, posing significant environmental challenges that innovations like the Helios Cycle™ aim to address.
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