Tadeu Carneiro, CEO of Boston Metal, explains why securing off-take agreements is not a bottleneck for the company's first-of-a-kind plants.
Disclosure
Carneiro: Boston Metal is developing zero-emission electrolytic steelmaking technology
“Well, we are developing a technology that will eliminate all these emissions. No carbon involved at all as a reducing agent, so we use electricity instead, and therefore if the electricity is clean, you take care of scope one and scope two in manufacturing ste…”
Prediction Open · timeframe Dec 2030
Boston Metal aims to unlock commercial steel applications by 2029
“If you know, if we don't find non-dilutive funds earlier, that cell will be running in twenty-twenty-eight, which will then unlock the commercial application of the technology for steel in 29, twenty-thirty.”
Assertion Open · timeframe Nov 2028
Carneiro: Boston Metal critical metals process cuts carbon footprint by 90%
“Ah, it is at the same time that, that we will have a carbon footprint that at one 10th of the incumbents today.”
Assertion Open · timeframe Nov 2028
Carneiro: Boston Metal produces 2x to 3x more metal per ore volume
“The same amount of ore you can produce twice or three times the amount of metal because our process is more efficient.”
Assertion Not checkable as stated
Boston Metal ran pilot cells with modular anodes over 30 days in 2024
“That milestone we reached in, ah, we delivered in, in twenty-twenty-four, ah, when we have five, five, six runs that last more than a month with, ah, the first generation of industrial modular anode in a single pilot cell that, that survived more than 30 days.”
Disclosure
Boston Metal cap table includes BHP, Vale, ArcelorMittal, Aramco, and Microsoft
“We have lots of giants in in our cup table today. So, you know, the largest mining company in the world, BHP, the largest supplier of iron ore, Vale from Brazil, the largest international steelmaking company, ArcelorMittal. Then you have Saudi Aramco, you have…”