KLA advises IFC on investment in Boston Metal

KLA advised the venture capital arm of IFC (International Finance Corporation), part of the World Bank, on a minority investment in Boston Metal to develop business in Brazil involving technological and environmentally friendly solutions for the mining industry.

IFC’s investment is of great importance to the ESG market, as it represents a considerable investment in an activity that will change the way steel production is conducted in the mining industry.

Boston Metal’s technology is focused on the elimination of carbon dioxide (CO2) through molten oxide electrolysis without the use of polluting coal, reducing the emission of greenhouse gases and achieving CO2-free production.

KLA relied on partner Karin Alvo (pictured) and lawyers André Maruch and Amanda Adam.