Boston Metal launches new facility in Brazil to transform mining waste into valuable metals
Boston Metal, a leading global metals technology solutions company, proudly announced the inauguration of its pioneering facility in Brazil. This facility is the first to utilize Boston Metal’s Molten Oxide Electrolysis (MOE) technology platform, aimed at recovering high-value metals from mining waste. The event, attended by the governor of Minas Gerais, local authorities, and members of the company’s investor syndicate, marks a significant milestone in Boston Metal’s journey towards commercializing its MOE technology for green steel production by 2026.
Tadeu Carneiro, CEO of Boston Metal, expressed his enthusiasm for this landmark achievement, stating, “This first commercial deployment represents a beacon of progress in advancing sustainable metals production. As proud as we are today, this is only the beginning. Our high-value metals business will expand rapidly and will support us as we scale our MOE platform to meet the growing global demand for green steel.”
Located in Brazil, Boston Metal’s facility signifies a significant step towards fostering a circular economy within the metals industry. The MOE technology, which is pivotal to the company’s strategy for green steel, employs electricity to extract valuable metals from complex, low-concentration materials typically regarded as waste. This process not only enables mining companies to convert financial and environmental liabilities into profitable ventures but also contributes to reducing the overall ecological footprint of metal production.
Itamar Resende, president of Boston Metal do Brasil, highlighted the team’s dedication and expertise, saying, “This facility is a testament to the dedication and expertise of our incredible team. We’re committed to excellence and look forward to transforming the future of metallurgical production with our high-value metals business.”
The company is already preparing for the next phase of its operations in Brazil, which includes expanding the local workforce from 80 to over 250 employees in the upcoming years. Furthermore, Boston Metal has been selected by the U.S. Department of Energy to establish a chromium metal manufacturing plant in Weirton, West Virginia. This initiative aims to onshore the production of materials critical to various industries, including aerospace, chemical processing, and nuclear sectors, underscoring the company’s commitment to innovation and sustainability in metal production.
Boston Metal’s MOE technology facility in Brazil represents a transformative step in the metals industry, setting a new standard for sustainability and efficiency. By converting mining waste into valuable metals, the company not only addresses environmental and financial liabilities but also paves the way for a more sustainable and circular metals economy. This initiative is a clear indication of the potential for technology to revolutionize traditional industries and create a more sustainable future.