- The new entity, established under their Green Molecules to Green Steel (G2G) partnership, will have both private and public funding to carry out large-scale projects that advance competitiveness and sustainability
- The project focuses on green molecule-based energy sources — such as biogas and biomethane, renewable hydrogen and its derivatives, and second-generation biofuels — and their use to accelerate the transition to economically viable steel produced with low CO2 emissions, linking the energy transition to the decarbonization of the European steel industry
Moeve and ArcelorMittal are combining their expertise in innovation, energy solutions, and industrial capabilities to create a new platform for developing projects that have a direct impact on the competitiveness and sustainability of the production sector. The Green Molecules to Green Steel (G2G) partnership behind the platform aims to develop, scale and implement disruptive technologies that enable green molecules to drive the transition to low-emissions steel and industrial decarbonization.
The new platform, established as a 50-50 partnership between the two companies, will be financed through a combination of its own resources and public support. Sekuens (the Asturian Agency for Science, Business Competitiveness, and Innovation) will contribute through existing and future initiatives designed to promote innovation in Asturias. Future participation by other public agencies, at both regional and national levels, as well as private entities, has not been ruled out, provided they are aligned with the platform's objectives and governance structure.
This cross-cutting, public-private partnership will aim to develop industrial demonstrators that will subsequently be scaled up at production facilities. The G2G partnership places green molecules (such as biomethane and biogas, renewable hydrogen and derivatives, and second-generation biofuels) and other solutions for accelerating decarbonization (such as more efficient catalysts) at the heart of the new industrial model through a hub driven by Moeve and ArcelorMittal's innovation centers. These laboratories promote disruptive and cutting-edge technologies for CO2 capture to add value to this molecule, biotechnology that enables improvements in production processes, and artificial intelligence applied to the creation of new materials. It is an open and collaborative community that strengthens the innovation ecosystem and provides opportunities for startups, universities, and technology centers, all while helping attract talent.
“This partnership strengthens the collaboration between two global companies committed to innovation, decarbonization, and Europe’s competitiveness. The initiative we are launching today will enable us to provide solutions and make progress toward Europe’s energy independence. This is the direction we are pursuing at Moeve, with investments and new projects that will position us at the forefront of the energy transition."
Moeve CEO Maarten Wetselaar.
ArcelorMittal Vice President and Chief Technology Officer Pinakin Chaubal stated: “We need to continue exploring technologies that will enable us to achieve environmentally and economically sustainable production, and we must do so as soon as possible. ArcelorMittal has large R&D centers around the world, particularly in Spain, but given the complexity of the challenge, we will never be able to solve it on our own. Now more than ever, we need to focus on collaborative innovation models, and this platform is an excellent example.”
Sekuens CEO David González said, “Sekuens fully supports this initiative, which is pioneering the creation of a unique framework for collaborative innovation among companies. In addition to the direct impact on both companies, this platform will have a significant effect on strengthening the innovation ecosystem in Asturias, further accelerating high-growth, cutting-edge technology companies in fields such as safety and biofuels.”
G2G is aligned with Moeve's goal of accelerating the energy transition through collaborative innovation to transform the energy, chemical, and mobility sectors, as well as ArcelorMittal’s objectives for a responsible transition toward steel produced with low CO2 emissions. Through its Positive Motion roadmap, Moeve has set itself the challenge of leading the energy transition starting in 2030 with ambitious projects such as its new second-generation biofuel plant, which is currently under construction, and the development of the Andalusian Green Hydrogen Valley. Spain is home to ArcelorMittal's two leading XCarb® low-emissions steel projects in Europe (in Sestao, where XCarb® is produced from recycled and renewable sources for flat products, and in Gijón, where XCarb® is produced for long products), with significant investments and a distinctly innovative approach.
