Charm Industrial will use bio-oil from biomass residues as a reducing agent to produce fossil free iron. Fast Pyrolysis Bio-oil is a carbon and energy rich fluid, easily transportable along pre-existing rail lines. By using an alternative fossil free energy source rich in carbon and hydrogen, Charm can produce iron metallics comparable to traditional ironmaking processes. This has been demonstrated by Charm with a pilot scale bio-oil gasifier and pellet bed, achieving high levels of pellet metallization. At scale this process will readily outcompete hydrogen DRI, with added benefits of carbon in the DRI and carbon removal on the backend. 3rd party verified product: https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fregistry.isometric.com%2Fsupplier%2Fspl_1H31MW3T81S0R67B&data=05%7C02%7Cwiahl%40deloitte.com%7C01d4e2f4112247c5a3c108de3f48ff31%7C36da45f1dd2c4d1faf135abe46b99921%7C0%7C0%7C639017779919463181%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=FqjdkiAWhE%2Bwo5BqfXKjBJ%2FuWdnfVeGcIXfJtZeQm%2Fs%3D&reserved=0

Description of Technology:

Bio-oil-based syngas as a method to produce lower-carbon iron / Production of hot briquetted iron

Sector:

Steel

Type of Supplier:

Value Chain Supplier

Supplier Geography:

TBD

Expected Capacity (Mt/Year):

100,000