ZUR YIGAL, Israel, Sept. 18, 2024 /PRNewswire/ -- Helios Project Ltd., developer of the Helios Cycle™, a novel process to produce iron and other metals using sodium as a reducing agent with less energy and no direct carbon emissions, has signed a Memorandum of Understanding (MoU) with BlueScopeX Pty Ltd, a subsidiary of BlueScope Steel, a global steel manufacturer headquartered in Australia.
This MoU aims to demonstrate the use of our Helios Green Iron (HGI™) in parts of BlueScope's steelmaking operations. The initial phase of this collaboration will involve a pilot project where Helios will provide HGI™ produced by its pilot plants using its proprietary technology, starting in 2026.
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