ArcelorMittal, a global steel company, has invested US$5 million through the XCarb® Innovation Fund in US-based Utility Global, an off-gas-to-value company, as part of a Series C fundraising round.

Utility Global has invented a reactor that can process a variety of industrial process gases without using electricity into high-purity hydrogen and a concentrated CO2 stream that can be captured and stored.

The hydrogen produced can be recycled into the steelmaking process to replace natural gas. The purity of the concentrated CO2 stream is an important step in decarbonizing steelmaking and can significantly reduce the cost of subsequent carbon capture and storage.