ArcelorMittal & John Cockerill announced plans in June 2023 to develop the world's first industrial-scale iron electrolysis plant using their revolutionary Volteron technology. The facility will produce 40,000-80,000 metric tons annually starting in 2027, using electricity to extract iron from ore at ambient temperatures. This breakthrough eliminates carbon emissions entirely from iron production, potentially revolutionizing the global steel industry through complete decarbonization.