Shougang and LanzaTech sign JV agreement

In China, steel producer Shougang Group and its New Zealand-based partner Shougang TangMing are looking to reduce their carbon footprint through the installation of clean energy technology at their steel mills across the world.

Under a joint venture agreement with LanzaTech, Beijing-headquartered Shougang will construct a demo-scale plant at one of its steel mills, before this is quickly scaled up to a fully commercial facility.

LanzaTech's clean energy technology ferments a variety of gas resources, including those emitted during the steel making process, to produce low carbon fuels. Shougang chose to install LanzaTech's technology because it has no effect on food security or land use.

The president of Shougang, Wang Qinghai, says the JV compliments the company's efforts in reducing the high levels of CO2 currently emitted from steel producing factories. 'We see this JV as playing a key role in China's low carbon future,' he says.