Helios Project Ltd. and BlueScopeX Pty Ltd. Sign Memorandum of Understanding

September 17, 2024 06:00 PM EDT | By Cision
 Helios Project Ltd. and BlueScopeX Pty Ltd. Sign Memorandum of Understanding
Image source: Kalkine Media

ZUR YIGAL, Israel, Sept. 18, 2024 /PRNewswire/ -- Helios Project Ltd., developer of the Helios Cycle™, a novel process to produce iron and other metals using sodium as a reducing agent with less energy and no direct carbon emissions, has signed a Memorandum of Understanding (MoU) with BlueScopeX Pty Ltd, a subsidiary of BlueScope Steel, a global steel manufacturer headquartered in Australia.

This MoU aims to demonstrate the use of our Helios Green Iron (HGI™) in parts of BlueScope's steelmaking operations. The initial phase of this collaboration will involve a pilot project where Helios will provide HGI™ produced by its pilot plants using its proprietary technology, starting in 2026.

"We are excited to partner with BlueScopeX to demonstrate the use of Helios Green Iron in their steelmaking operations," said Jonathan Geifman, CEO and co-founder of Helios Project Ltd. "This collaboration represents a significant milestone for our development and hints at the future of the global steel industry, with the adoption of new emerging sustainable innovations like the Helios Cycle™."

"Decarbonizing the steel industry is an incredible challenge and we are thrilled to collaborate with companies like Helios that could support us on our journey" said Andrew Garey, Chief Executive of BlueScope's venture fund, BlueScopeX.

Helios, founded in 2018, began as a space tech company with the mission to extract oxygen from the moon. It has since developed the Helios Cycle™, a technology that uses sodium to produce iron from iron ore and other metals, emitting only oxygen. This innovation seeks to support the steel industry's decarbonization efforts by developing cost-effective green iron production from various iron ores, including low-grade ones. Helios, an affiliated member of the World Steel Association, seeks to address the global steel industry's challenge of finding sustainable alternatives to coal, and producing green iron sourced from various types of iron ores, including low-grade ores and tailings. Nearly 2 billion tons of steel are produced annually, contributing to almost 10% of global CO2 emissions.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media Incorporated (“Kalkine Media, we or us”), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used in the Content are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Canadian AI All-Stars: Unveiling the Top Stocks for 2025

Send OTP Resend OTP in 30s

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.