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Stock impact report

Electra Launches Pilot Plant to Advance Commercialization of Sustainable Clean Iron Production [Yahoo! Finance]

Nucor Corporation (NUE) 
Last nucor corporation earnings: 4/28 08:00 am Check Earnings Report
US:NYSE Investor Relations: nucor.com/investor
Company Research Source: Yahoo! Finance
BOULDER, Colo., March 27, 2024 BUSINESS WIRE Electra , a clean iron company, today announced the commissioning of its Pilot plant in Boulder, Colorado. The Pilot demonstrates Electra's first-of-a-kind technology to produce metallic iron from already mined, high-impurity, commercially stranded ores to accelerate decarbonization, sustainability, and circularity across the ore-to-steel value chain. With 90 percent of steel production's CO2 emissions coming from ironmaking, Electra's process takes on this challenge by operating at merely 140 degrees Fahrenheit, enabling seamless integration of intermittent renewable energy resources, making emissions-free iron possible at temperatures colder than coffee. The process intakes a wide range of ores and the principal iron ore impurities like alumina and silica are selectively refined as co-products. With greater than 99 percent purity, Electra's clean iron, combined with recycled scrap steel, offers the highest value-in-use for electric arc Show less Read more
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