ArcelorMittal XCarb

ArcelorMittal XCarb is the global innovation platform of the world's largest steelmaker, investing up to $100 million annually in companies developing technologies accelerating the transition to net-zero carbon steelmaking. The XCarb portfolio encompasses flagship projects including Smart Carbon initiatives like Torero, Carbalyst, and hydrogen-based steelmaking innovations, alongside three main product categories ranging from recycled and renewably produced steel to green steel certificates and carbon capture technologies. By combining strategic investments in breakthrough startups with proprietary innovations in biomass conversion, waste gas capture, and renewable electric arc furnaces, ArcelorMittal XCarb drives the decarbonization of one of the world's most carbon-intensive industries.