ArcelorMittal's XCarb® Innovation fund invests in Utility Global to progress its gas processing technology

ArcelorMittal’s XCarb® Innovation fund invests in Utility Global to progress its gas processing technology 25 September 2024, 16:00 CET ArcelorMittal (the ‘Company’) today announces it has invested $5 million in Utility Global through its XCarb® Innovation Fund. The Fund, launched in 2021, invests in companies developing disruptive technologies that have the potential to support the decarbonisation of steelmaking. The investment is part of Utility Global’s $53 million Series C fundraising round, led by Onta ...