A VISIONARY Boston Metal LEADER POWERING THE GREEN STEEL REVOLUTION

TADEU CARNEIRO

Chief Executive Officer,

Boston Metal

In an industry as critical and carbon-intensive as steel, one leader is making waves with a bold vision for the future—Tadeu Carneiro, CEO of Boston Metal. Carneiro isn’t just steering a company; he’s at the forefront of a revolution that could fundamentally transform how steel is made, helping to decarbonize one of the world’s most essential materials. With a career spanning nearly five decades, Carneiro brings unparalleled expertise and a relentless drive to innovate, proving that leadership in the metals industry can also mean leadership in sustainability.

From Niobium Success to Global Green Steel Leader

Tadeu Carneiro’s journey to becoming a key figure in the fight against climate change started long before he joined Boston Metal. As the former CEO of CBMM, the world’s top niobium producer, Carneiro led the company to remarkable success, growing its revenue from $100 million to over $2 billion and expanding the global niobium market by 800%. This experience laid the groundwork for his next challenge—revolutionizing the steel industry with Boston Metal’s groundbreaking technology. Carneiro asserts, a belief that has driven his leadership at Boston Metal. Since taking the helm in 2017, he has guided the company through rapid growth, securing over $370 million in funding and positioning Boston Metal as a leader in the green steel movement.

"OUR PLANET’S FUTURE DEPENDS ON INNOVATION "

Global Impact and Future Vision

Beyond the United States, Carneiro’s influence extends globally, with the establishment of Boston Metal do Brasil in 2022. This subsidiary focuses on extracting valuable metals from mining waste, further advancing the company’s mission to make metals production more sustainable and profitable. Carneiro’s leadership has earned Boston Metal numerous accolades, including being named North American Company of the Year by the Cleantech Group in 2023. Yet, for Carneiro, these achievements are just the beginning. His unwavering commitment to innovation and sustainability continues to drive Boston Metal forward, positioning the company as a critical player in the global transition to a greener economy. Carneiro believes, a sentiment that encapsulates his approach to leadership and his vision for the future of the steel industry. Under his guidance, Boston Metal is not just changing how steel is made— it’s setting a new standard for how industries can lead the way to a sustainable future.

"INNOVATION IS OUR GREATEST WEAPON IN THE FIGHT AGAINST CLIMATE CHANGE "

Redefining Steel Production: The MOE Technology

Boston Metal, under Carneiro’s leadership, has developed Molten Oxide Electrolysis (MOE), a revolutionary technology that eliminates carbon emissions from the steelmaking process. In an industry responsible for nearly 10% of global CO2 emissions, this innovation could be gamechanging. Carneiro’s vision for MOE is clear: to decarbonize steel production at a scale large enough to make a significant impact on global emissions.

“Our technology is designed to disrupt the industry and support a net-zero economy,” Carneiro explains. The potential of MOE has already attracted significant attention, with major investments from industry giants like ArcelorMittal and recognition from TIME as one of the 100 Most Influential Companies of 2024.