Home » Zero-carbon steel startup on track for commercialisation

Zero-carbon steel startup on track for commercialisation

by Sion Geschwindt
Zero carbon steel producer on track for commercialisation

Boston Metal, the US-based startup pioneering zero emissions steel production, has appointed two new members to its senior leadership team as the company prepares for commercialisation.

Fernanda Fenga joins Boston Metal as Senior Vice President of Corporate, bringing over 20 years of executive experience in compliance, investor relations, government relations, and risk management in the metals and mining industry.

Daniel Kuzmak fills an advisory role at the company, with a focus on financial operations. Kuzmak comes to Boston Metal with more than four decades of corporate experience and has held senior roles in finance and operations at large public companies and privately held ventures.

The new roles will enhance the company’s corporate and financial depth and are part of a rapidly expanding team that saw Stephan Broek named Senior Vice President of Technology in late 2021.

Tadeu Carneiro, Chairman & CEO of Boston Metal, commented: “We are delighted to have Fernanda and Dan join the senior team at Boston Metal and are confident that their experience and expertise will serve us well as we move on to the next phase of industrial demonstration and the commercialisation of our technology.

They will be instrumental in managing the rapid growth we expect in the lead up to and following commercialisation.”

Boston Metal’s molten oxide electrolysis approach converts iron ore into liquid metal and oxygen, and is powered by renewable electricity.

According to the company, the modular, scalable platform produces no carbon emissions, is highly energy efficient, and works with a wide range of iron ore grades.

In 2021, the company closed a Series B funding round that saw intense interest from iron ore miners to steel end users, in addition to garnering reinvestments from all Series A participants, including Gates-backed Breakthrough Energy Ventures.

Read next: Eight energy megaprojects under construction in the UK

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