
That is how we came up with this completely novel method of extraction that we soon realized would be beneficial for life on earth as well." You cannot be iterative and must reinvent processes entirely. "The extraterrestrial environment really pushes your R&D to the extreme. "On the moon we don't have the luxury of using carbon for energy, you have to be extremely efficient and cannot waste or emit anything," said Geifman. Their proprietary technology extracts oxygen from lunar regolith, the mixture of powdery dust and broken rock on the surface of the moon. The company's original goal – and still is, to produce oxygen to sustain recurring missions to the moon by producing it on site.

Helios, led by founder and CEO Jonathan Geifman, did not set out to make green steel at a lower cost. But 'green steel' often comes at a premium price, and if their costs increase, it negatively affects the entire economy." "Many companies are now committing to reducing emissions with targets to achieve carbon neutrality across all operations by a certain date. Raúl Topolevsky, a senior advisor to steel makers and an industry expert. "The steel industry is extremely cost-sensitive," explains Prof. Yet efforts to decarbonize the industry through methods like H2 injection, carbon capture, and electrolysis will increase the cost of production, making adoption by major manufacturers difficult to justify. steel industry relies on natural gas and coal coke and breeze for fuel, accounting for roughly 6% of total energy consumed by manufacturing. For every ton of steel, approximately 2 tons of CO2 are emitted, making the industry responsible for 8% of humanity's carbon footprint.


Pouring Newly Made Iron (Credit: Helios) (PRNewsfoto/Helios)Ĭurrent methods of steel production emit large quantities of CO2 through the reduction of iron ore with carbon.
