CNBC is a leading news outlet and television network that provides in-depth coverage of the global financial market and business realm. They are known for their exceptional reporting on innovative startups that are set to revolutionize the industry, and one such startup that they have recently covered is Boston Metal.
Boston Metal is a green steel startup that has garnered the attention of some of the biggest names in the steel industry, including the World Bank and ArcelorMittal. The company has developed a patented technology that replaces traditional fossil-fuel based methods for steel production with an environmentally sustainable, electricity-based process.
In a recent report from CNBC, viewers were given an inside look at the lab and factory of Boston Metal, showcasing the innovative and exciting work that is taking place within the startup. The report detailed the company’s use of an electric-arc furnace, which is designed to melt metal using electrical energy, rather than fossil fuels such as coal and natural gas.
This green steelmaking approach has several benefits compared to conventional methods. For one, it reduces carbon emissions by up to 90%, making it an attractive solution for companies and countries looking to reduce their carbon footprint. Additionally, the process allows for greater design flexibility, enabling the creation of new alloys, and contributing to the
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