Decarbonizing Emerging Markets – an IFC Conversation with CEO Tadeu Carneiro

Features Published: July 21, 2023

Decarbonization isn’t just for industrialized countries. Infrastructure development requires steel, and developing countries currently manufacture 60% of crude steel. Our green steel technology completely removes coal from the equation, and therefore has enormous potential to play a pivotal role in accelerating the sustainable growth of emerging markets.

“Our objective is really to help countries in emerging markets to decarbonize. … Boston Metal [is] coming in and helping us in that process.”

Mohamed Gouled, IFC VP of Industries

The World Bank Group’s International Finance Corporation (IFC) VP of Industries Mohamed Gouled sat down with our CEO Tadeu Carneiro to discuss how Boston Metal’s groundbreaking technology will create a more efficient, carbon-free steel industry for all markets. IFC’s recent $20M investment in Boston Metal will assist with the completion of our first production facility in Brazil, where our Molten Oxide Electrolysis (MOE) technology will recover high-value metals from mining waste starting later this year. Enjoy their conversation about our disruptive MOE technology and how it will be critical in both steel decarbonization and high-value metals production.

About Boston Metal

Boston Metal is commercializing Molten Oxide Electrolysis (MOE), a tonnage metals technology platform powered by electricity, to decarbonize steelmaking and transform how metals are made. MOE provides the metals industry with a scalable, cost-competitive and green solution for the production of steel and high-value metals from a variety of feedstocks and iron ore grades. Backed by visionary investors and led by a world-class team, Boston Metal is headquartered in Woburn, Massachusetts and has a wholly owned subsidiary in Brazil.

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