Element Zero Raises US$10M Seed Funding Led by Playground Global to Scale up Green Materials Platform, Decarbonize Iron and Other Critical Metals Production

Jan 17, 2024•over 1 year ago

Amount Raised

$10 Million

MalagaMining

Investors

Playground Global

Description

Element Zero announced a US$10 million seed funding round led by Playground Global to scale up its green materials platform and decarbonize iron and other critical metals production.

Company Information

Company

Element Zero

Location

Malaga, Perth, Australia

About

Element Zero is a green materials platform company working towards zero-carbon iron and steel and other future-facing metal production. Headquartered in Australia, the company has developed a cost-effective and efficient pathway to convert iron ore and other minerals into their pure metal form with zero carbon emissions. The modular approach of the Element Zero process aims to address 8% of global carbon dioxide emissions from iron and steelmaking. Element Zero is developing a portfolio of projects to accelerate market adoption, the first of which will be located in the north of Western Australia, the world's largest source and holder of iron ore reserves.

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