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Last week, the government of the State of Minas Gerais announced an agreement with Boston Metal, a company that will invest BRL 573 million in a green steel industrial plant in the city of Coronel Xavier Chaves, in the Campo das Vertentes region, in Minas Gerais.
The unit will be responsible for extracting metals and alloys from ore tailings, using a process called molten oxide electrolysis, which does not require the use of coal or fossil fuels, as it only uses electricity.
According to information disclosed by the government, the expectation is that the plant generate 2026 direct and indirect jobs by XNUMX, when it must operate on a commercial scale. The plant is currently in the implementation phase and should be inaugurated in the second half of this year, starting small-scale production in 2024 and gradually increasing in the coming years.
Although the plant is being developed to process tantalum and niobium mining tailings, the company claims that the process can be used for any mining waste.
O Boston Metal investment reinforces its leadership position in the development of green steel, strengthening its presence in the national market and generating new job opportunities for the local population.
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According to the company's CEO, Tadeu Carneiro, “investing in a green steel plant is a way to boost the country's economy and, at the same time, protect the environment, one of our company's main concerns. It is an initiative aligned with our values and commitments to sustainability”.
The steel sector is one of the most impactful for the environment, since the traditional steel production process is responsible for a large emission of greenhouse gases.
For this reason, green steel technology, which uses more sustainable and cleaner processes, is increasingly valued by the market and by organizations that seek to combine economic growth with socio-environmental responsibility.
A boston metal is a leading company in the development of green steel technologies and aims to transform the steel industry using new cleaner and more sustainable processes, drastically reducing carbon emissions and promoting a more responsible production model. O investment in Coronel Xavier Chaves plant is another important step in the realization of this vision.
With the opening of the plant scheduled for the second half of this year, boston metal reinforces its commitment to the economic and social development of Minas Gerais, contributing to the creation of jobs and to the reduction of the environmental impact in the region.
