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CHAR Technologies Investor “Fireside Chat” with ArcelorMittal on July 19th: Webinar Recap

The world’s leading steel and mining company, ArcelorMittal, through its ArcelorMittal’s XCarb® Innovation Fund (the “Fund”), recently invested $6.6 million in CHAR Technologies. CHAR is the first Canadian company to receive funding from this Fund - whose global mandate is to invest in companies developing breakthrough technologies that will accelerate carbon neutral steelmaking. CHAR also signed a Memorandum of Understanding with ArcelorMittal Dofasco, under which the steel producer will purchase 5,000 tonnes of biocarbon produced at CHAR’s state-of-the-art facility in Thorold, Ontario starting in 2023.

Watch the recent webinar organized by Radius Research featuring CHAR CEO Andrew White and Irina Gorbounova, ArcelorMittal’s VP of Mergers & Acquisitions and Head of ArcelorMittal’s XCarb® Innovation Fund, where they discuss the strategic partnership and what it means for the industry.


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