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More Circularity Less Mining

A combustion-free process to produce metals from ore and residuals for a more circular world

March 2023

More Circularity Less Mining

A combustion-free process to produce metals from ore and residuals for a more circular world

  • World Alliance Member
  • Featured Solution
  • Labeled Solution
Label Date March 21, 2023
From Sweden
Maturity stage TRL 9 / CRI 5-6 - Market competition driving widespread deployment &/"Bankable" grade asset class
Looking for funding on RUNWAY View financial profile

GreenIron has a process to address a global market and efforts to lower the GHG output of metal production from Q3 2023. The outputs of the GreenIron process are valuable commodities extracted from magnetite, hematite, other metal oxides, minerals, waste, and residual products from the steel, mining, foundry, and manufacturing industries. The process is completely CO2 free, the only emissions from the process are water and metals. The solution can make a difference in the industry today as it works in batches, which enables modular and scalable operations close to the sources and our customers.

The Environmental Benefits

  • To reduce one ton iron ore only consumes 37 kg hydrogen as the residual gas is used in the next batch
  • The total energy consumption for GreenIrons' furnace is less than 2/3 compared with a blast furnace
  • Usage of batch processes run 24/7; every batch can be different, which adds flexibility in handling materials
  • Every furnace can reduce CO2 emissions by at least 54 000-90 000 tons CO2eq per year
  • If GreenIron's technique was used to recycle annual flow of oxidized scales and filter dust, all iron mines in Europe and North America could be closed

The Financial Benefits

  • The tolling fee for the customer is 30-80% of the value from the recycled material
  • The payback time for the customer is close to zero years
  • Low capital investment and low supply chain cost

Target client profile

Activity Region

  • Headquarters
  • Activity

Company Profile

GreenIron

More Circularity. Less Mining. THE FOSSIL-FREE PROCESS. FROM ORE AND RESIDUALS TO METALS INTO A CIRCULAR WORLD

Headquarters 111 43 Stockholm, Sverige
Type Company
View company profile Solution website

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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator GreenIron has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.