Are you a start up with big plans to reduce emissions?

Are you looking to make a meaningful impact to accelerate decarbonisation in the steel industry?

Do you want to establish your technologies as market leading and become recognised for your help towards the transition to low, and ultimately zero, carbon emissions steelmaking?

At ArcelorMittal, we are focused on reducing our CO2e emissions intensity by 35% in Europe and by 25% globally by 2030. Key to achieving this will be innovation and technological shifts. We launched the XCarb™ Innovation Fund in 2021 to invest in companies developing technologies that hold the potential to accelerate the steel industry’s transition to carbon neutral steelmaking.

The Fund's Accelerator Programme supports entrepreneurs and start-ups in this space - the aim is to find the best and brightest ideas from across the world. The inaugural Accelerator Programme launched globally in 2022 with CHAR Technologies, a cleantech company developing high temperature pyrolysis technology that transforms organic waste streams into valuable energy outputs, announced as the winner.

Take part in the XCarb™ India Accelerator Programme

In recognition of India’s ambition, capabilities, and unique challenges in supporting the global energy transition we are now launching a new, dedicated XCarb™ Accelerator Programme targeted at the country’s deep ecosystem of technology start-ups.

The XCarb™ India Accelerator Programme will give you the opportunity to pitch your ideas to the XCarb™ Innovation Fund Investment Committee, chaired by Aditya Mittal, CEO of ArcelorMittal and Chairman of AM/NS India. The programme will also be supported by ArcelorMittal’s joint venture, AM/NS India, which is actively developing its own decarbonisation strategy and initiatives for lower emissions domestic steel manufacturing. Successful participants will have access to expertise, resources and advice from ArcelorMittal and AM/NS India. 

You will also receive support from the Indian Institute of Technology Madras (‘IIT Madras’), who are well-known for nurturing ideas and mentoring and who will collaborate with us on this programme. 

“Prioritising the reduction of carbon intensity in our steel production remains at the core of our long-term strategy. Our XCarb™ Innovation Fund exists to find the most exciting global ventures focused on steel decarbonisation and India’s record as a technology leader, combined with its efforts to become a climate leader, makes it a natural destination for the fund’s second Accelerator Programme. I am confident that our collaboration with IIT Madras, an institution that epitomises India’s tech prowess, will nurture start-ups and help to provide further impetus to ArcelorMittal and AM/NS India’s decarbonisation initiatives.” Aditya Mittal, CEO of ArcelorMittal and Chairman of AM/NS India

Who can take part in the XCarb™ India Accelerator Programme:

Applicants will need to be start-ups or early-stage companies with concepts for commercially scalable technologies that hold strong potential to decarbonise steelmaking. Submissions are invited across four distinct technology domains:

1. Raw materials and circularity

Iron ores and scrap quality improvement; Steelmaking by-products valorisation (i.e steel slags); Biomass valorisation, waste to gas or biocarbon 

2. Disruptive steelmaking for process decarbonation

Reduce fossil fuel usage; Gas heating technologies 

3. Clean energy technologies

Renewable energy sources; Hydrogen technologies; Energy storage technologies

4. Gas reforming / Gas transformation technologies

Capture and separation of CO2; Conversion of CO2 to C or CO; Carbon capture and storage or utilisation; CO2 transformation or valorisation  to chemicals

How to apply:

“We are already making important strides in developing an industry-leading portfolio of decarbonisation technologies but are continuously seeking additional opportunities to expedite our progress. The participants can leverage dual benefits from this platform; ArcelorMittal’s advice and expertise in research and development and IIT Madras’ technical know-how through a commercialisation and business mentorship programme to harness the potential of decarbonisation technologies for the steel industry and the planet on the whole.” Irina Gorbounova, Head of the XCarb Innovation Fund™