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To boost the production of sustainable energy, ArcelorMittal announces the first investment by XCarb innovation fund in Heliogen. The Company has invested an initial $10 million in Heliogen, to unlock the power of sunlight to replace fossil fuels.

  • Heliogen, a renewable energy technology company
  • Heliogen’s technology will harness solar energy by using a field of mirrors which will act as a multi-acre magnifying glass to concentrate and capture sunlight.
  • The sunlight will then be subsequently converted into heat (HelioHeat™), electricity (HelioPower) or clean fuels (HelioFuel).
  • All three Heliogen products have the potential to be applicable to the steelmaking process and support the steel industry’s transition to carbon-neutrality.

The prominent deals and partnership by ArcelorMittal are featured below:

April 2021: In order to accelerate digital transformation journey, ArcelorMittal announced a strategic long-term collaboration with Infosys. ArcelorMittal has chosen Infosys to and enable next-generation application management and business process management (BPM) services for ArcelorMittal Europe.

April 2020: ArcelorMittal received underwriting commitments in respect of a new US$3bn credit facility from BNP Paribas, Crédit Agricole Corporate & investment Bank, J.P. Morgan and Société Générale.

March 2020: AMNS Luxembourg Holding S.A. the parent company of the AMNS India (ArcelorMittal Nippon Steel ) joint venture in partnership with Nippon Steel Corporation (NSC), entered into a $5.146 billion ten-year term loan agreement with Japan Bank for International Cooperation and MUFG BANK, LTD. , SUMITOMO MITSUI BANKING CORPORATION, MIZUHO BANK EUROPE N.V., and SUMITOMO MITSUI TRUST BANK, LIMITED (LONDON BRANCH).

December 2019: ArcelorMittal announces that AM InvestCo had signed a non-binding agreement with the government appointed Ilva commissioners that forms a basis to continue negotiations on a new industrial plan for Ilva, including discussions on a substantial equity investment by a government-controlled entity.

December 2019: ArcelorMittal, had signed a share purchase agreement with DryLog Ltd (DryLog) for the sale of a 50% stake in Global Chartering Limited (GCL), its wholly owned shipping business, and will subsequently form a 50:50 shipping joint venture with DryLog.

About ArcelorMittal
ArcelorMittal headquartered in Luxembourg, is the world’s leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. ArcelorMittal is at the forefront of steel production research and development (R&D) with 11 major research centres worldwide. ArcelorMittal has a global portfolio of 13 operating units with mines in operation and development, and is one of the largest iron ore producers in the world.

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