• Alterna (formerly Blacksmith Materials) is a new, US-based technology company focusing on advancements to Direct Reduced Iron (DRI) methods.
• DRI is an environmentally-friendly intermediate material used in steel production and is necessary for reducing GHG emission from iron & steel production. High operating and capital costs of other DRI systems are barriers to widespread adoption in the market.
• Alterna’s revolutionary design promises a new DRI process which is cheaper and faster to implement and operate than other DRI systems or even traditional (non-DRI) methods. We believe that making DRI economical and competitive with traditional processes is the only way to achieve rapid, widespread reduction in carbon emissions from iron & steel production.
• The two trillion-dollar iron & steel industry produces 7% of all global GHG emissions. Full market adoption of Alterna’s patent-pending technology could reduce global GHG emissions by at least 4% and create hundreds of billions in annual profit.
• Producers that adopt Alterna technology could make steel with approximately
- 26% less energy
- 68-100% fewer GHG emissions
- 20% less cost
• Going green is easy with Alterna.