ArcelorMittal Temirtau, the Kazakhstan-based subsidiary of steel giant ArcelorMittal, has invited EcoloCap Solutions Inc., an innovator of alternative energy products and HFO (heavy fuel oil) emulsion fuel technology, to launch a feasibility study for the use of M-Fuel technology in its steel facilities.
"The invitation received by ArcelorMittal Temirtau to demonstrate our fuel emulsion technology, proceed to feasibility and design studies that will further substantiates the validity of the technology. Based upon EcoloCap calculations, the utilization of M-Fuel in their steel facilities will reduce direct costs by over ten percent and greatly reduce emissions, without factory modifications," EcoloCap's CEO Michael Siegel stated. M-Fuel is a post-refinery fuel technology used to process hydrocarbon-based heavy oils (kerosene, diesel and bunker).