CEO Michael Masterman shares Element Zero’s pioneering technology and its potential to significantly impact global carbon emissions with BloombergNEF.

Element Zero has developed a new way to convert metal ores to pure metals, which it hopes could go a long way to cleaning up iron ore processing.

“Making iron and steel is the largest contributor to global industrial emissions. It counts for approximately 30% of all industrial emissions,” said Michael Masterman, Founder and Chief Executive Officer of Element Zero, at the BNEF Summit New York on April 16. “It’s really critical we reduce that. We’re targeting the full 30%.”

Masterman says the key to his company’s technology is that it can be used across the whole spectrum of iron ore, not just the high grades used by other solutions such as hydrogen-based direct reduction. And its impact could go even further as Element Zero’s mineral processing platform is also suitable for other metals – everything from tungsten to tin.