Cleaner Tech
A Novel California Green Steel Mill Gets a $200 Million Boost
Pacific Steel is preparing to break ground on a micro-mill that will produce rebar with 85% fewer emissions.
Rebar at a construction site.
Photographer: Jose A. Alvardo Jr./BloombergThis article is for subscribers only.
Construction of a unique steel “micro-mill” is set to break ground in California next month thanks to a $200 million secured loan from Generate Capital, a sustainable investment and operating firm.
Pacific Steel Group’s facility will use electricity to produce green rebar from locally sourced scrap and be the first green steel mill in California, according to the company.