Fort Wayne Indiana US headquartered Steel Dynamics Inc has announced the creation of a strategic joint venture with leading producer of renewable biocarbon products Aymium. Steel Dynamics owns 55% of the joint venture, with Aymium owning the remaining 45%. The entity will operate under the name SDI Biocarbon Solutions. Initial plans for the joint venture include the construction and operation of a biocarbon production facility to supply Steel Dynamics’ electric arc furnace steel mills with a renewable alternative to fossil fuel carbon using Aymium’s patented technology. The initial facility’s production capability is expected to be more than 160,000 tonnes per year, for an estimated capital investment of USD 125-150 million. The facility is planned to begin operations late 2023.SDI has successfully trialed Aymium’s biocarbon product in steel operations, and conservatively estimate this first facility will reduce our Scope 1 steelmaking greenhouse gas emissions intensity between 20 -25%, with potential upside from the use of the facility’s biogas.Aymium produces high value biocarbon and biohydrogen products that can be used to immediately replace fossil fuels in the production of metals, energy, crops, and in the purification of water and air with no modifications to equipment or processes. Produced using sustainably sourced biomass, recovered and unusable wood, Aymium’s bioproducts are renewable, carbon-negative and they replace emission-heavy fossil fuels such as coal and coke. Aymium’s leading technology is backed by more than 300 issued or pending patents on a global basis. Aymium is headquartered in Minnesota.Steel Dynamics is one of the US’s largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
Fort Wayne Indiana US headquartered Steel Dynamics Inc has announced the creation of a strategic joint venture with leading producer of renewable biocarbon products Aymium. Steel Dynamics owns 55% of the joint venture, with Aymium owning the remaining 45%. The entity will operate under the name SDI Biocarbon Solutions. Initial plans for the joint venture include the construction and operation of a biocarbon production facility to supply Steel Dynamics’ electric arc furnace steel mills with a renewable alternative to fossil fuel carbon using Aymium’s patented technology. The initial facility’s production capability is expected to be more than 160,000 tonnes per year, for an estimated capital investment of USD 125-150 million. The facility is planned to begin operations late 2023.SDI has successfully trialed Aymium’s biocarbon product in steel operations, and conservatively estimate this first facility will reduce our Scope 1 steelmaking greenhouse gas emissions intensity between 20 -25%, with potential upside from the use of the facility’s biogas.Aymium produces high value biocarbon and biohydrogen products that can be used to immediately replace fossil fuels in the production of metals, energy, crops, and in the purification of water and air with no modifications to equipment or processes. Produced using sustainably sourced biomass, recovered and unusable wood, Aymium’s bioproducts are renewable, carbon-negative and they replace emission-heavy fossil fuels such as coal and coke. Aymium’s leading technology is backed by more than 300 issued or pending patents on a global basis. Aymium is headquartered in Minnesota.Steel Dynamics is one of the US’s largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
