PeroCycle, a company born from groundbreaking research at the University of Birmingham, is advancing its mission to decarbonise the steel industry. With the appointment of a new CEO and the launch of a £4 million seed funding round, the company aims to develop its first pilot unit capable of processing 1 kilotonne of CO₂ annually. The steel industry, responsible for 8% of global CO₂ emissions, faces increasing pressure to reduce its carbon footprint. PeroCycle’s innovative technology uses a perovskite-based catalyst to recycle carbon dioxide into carbon monoxide, offering a promising solution for low-carbon steel production. This initiative is particularly crucial as new regulations begin to influence international market dynamics. With support from Cambridge Future Tech and Anglo American, PeroCycle is poised to make significant strides in commercializing its technology, providing a scalable pathway to reducing steelmaking emissions and aligning with global climate goals.
How is PeroCycle aiming to revolutionize steelmaking with new leadership and funding?
