BlueScope X Venture Investments – Decarbonisation of Iron & Steelmaking Grant

About this grant

BlueScope X is the venture investment arm of BlueScope Steel, formed to identify, inspire and invest in early-stage companies that can help shape the future of the steel and construction industries. The stated premise is that steel is a strong, durable and versatile material, but that the industry must drive decarbonisation, renewable energy transition and more sustainable outcomes in the built environment. BlueScope X positions itself as a partner that provides industry expertise, a global network and capital, with the ability to invest early and continue in later funding rounds. The vehicle invests in two key areas. The first is end-to-end decarbonisation of iron and steelmaking, including breakthrough technologies that reduce emissions across the process. Named focus areas include electricity generation and storage, green hydrogen production, lower-carbon raw material inputs (such as biochar and increased scrap use), new iron and steelmaking processes, improvements to existing steelmaking, hydrogen use in steelmaking, carbon capture, utilisation and storage, and reuse of waste gas and heat. The second area is technologies that enhance efficiency in the built environment. Focus areas include greener and more efficient building design, prefabrication methods, new construction products, circular construction, software and robotics for on-site processes, labour and build-time reductions, safety improvements, energy-efficiency optimisation in finished buildings, recycling and waste reduction, and aesthetic applications of steel. The page describes investments as seed and later-stage capital in companies across the globe, but does not state a specific grant amount, programme cycle or application process beyond a general contact form.

Eligibility

Eligibility is directed at early-stage companies and extraordinary teams working on the two stated investment areas: decarbonisation of iron and steelmaking, and technologies that enhance efficiency in the built environment. Investments are described as being made in companies across the globe, with no specific country restriction stated on the page. The page does not specify organisation size limits, prior-recipient rules or a formal application process. An accelerator programme is referenced in site navigation but its terms are not detailed on this page.

Key requirements

• ✓Technology must target decarbonisation of iron and steelmaking processes
• ✓Focus areas include green hydrogen, electricity generation/storage, biochar, new ironmaking processes, hydrogen use, or carbon capture
• ✓Breakthrough or innovative technology required

Frequently asked questions

Who can apply for BlueScope X Venture Investments – Decarbonisation of Iron & Steelmaking?

Eligibility covers organisations in GLOBAL; startup, sme. See the eligibility criteria above for the full conditions.

Relevant sectors

About this sector

Industrial decarbonisation funding helps heavy industry cut emissions through electrification, fuel switching, process change and efficiency. Support is often capital-intensive and tied to a specific site, with feasibility studies leading to larger deployment calls. Applicants need emissions baselines, engineering studies and a plan to keep production running during the change.