Electra, a clean iron company, and Interfer Edelstahl Group, a global steel and raw materials trader, have signed a memorandum of understanding (MOU) to collaborate on clean iron production for specialty steel.
In a statement, the companies said they are planning to combine Electra’s electrochemical ironmaking technology and Interfer Edelstahl Group’s knowledge base to help meet demand for green steel and green raw materials.
“As Electra continues to scale our clean iron production, partnerships with industry leaders like Interfer are essential.”
Sandeep Nijhawan, CEO and co-founder, Electra
“As Electra continues to scale our clean iron production, partnerships with industry leaders like Interfer are essential,” said Electra CEO and co-founder Sandeep Nijhawan. “Our modular system is designed for rapid deployment to meet the demand of partners and manufacturers looking to incorporate high-purity iron into their operations.”
“Innovations like this will make a big impact not only for our two companies, but the overall environmental footprint of our industry and we are proud to be part of this development.”
Gerold Lorenz, CEO, Interfer
“We regard Electra’s approach to produce low-carbon iron and thereby help transform the iron and steel industry as one of a kind,” said Interfer CEO, Gerold Lorenz. “Innovations like this will make a big impact not only for our two companies, but the overall environmental footprint of our industry and we are proud to be part of this development.”