Element Zero Raises US$10M Seed Funding Led by Playground Global to Scale up Green Materials Platform, Decarbonize Iron and Other Critical Metals Production
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Wednesday, January 17, 2024
Environment, Steel, Environmental Health, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, Mining, Minerals, Natural Resources, Hydrogen, Boston Consulting Group, Entrepreneurship, Wind, Playground Global, Temperature, Electrochemistry, Metallurgy, Carbon, Miner, Finance, Fortescue Metals Group, Mineral, General partnership, Plant, Neutronium, Engineering, Nickel, Metal, Iron, Iron ore
Element Zero , a green materials platform company, announced today that it has raised US$10 million in seed funding led by Playground Global .
Key Points:
- Element Zero , a green materials platform company, announced today that it has raised US$10 million in seed funding led by Playground Global .
- Element Zero will use the funding to grow R&D, engineering, and project development teams and scale the development of a pilot iron plant.
- This non-aqueous electrochemical process allows Element Zero to process the full spectrum of iron ores; this includes the core 95% of Australian and Brazilian global trade in iron ore.
- As the price of high-grade iron ore continues to rise, Element Zero will be able to process low-grade iron ore, which is widely accessible.