9,224.84 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

ArcelorMittal and IIT Madras are collaborating for Asia's first Hyperloop facility

ArcelorMittal and ArcelorMittal Nippon Steel India are getting ready to build Asia's first Hyperloop test facility in a partnership with the Indian Institute of Technology Madras (IIT Madras).

ArcelorMittal and IIT Madras are collaborating for Asia's first Hyperloop facility

With support from ArcelorMittal's steel materials, engineering expertise and project management, IIT Madras' Hyperloop Technology teams are focusing on developing affordable and sustainable Hyperloop technologies.

For the creation of India and Asia's first Hyperloop test circuit, ArcelorMittal is providing key steel materials, engineering expertise and project management support. IIT Madras' Hyperloop Technology teams, Avishkar Hyperloop and TuTr Hyperloop, are also partnering to revolutionize the transportation sector.

Within this collaboration, AM/NS India will fabricate a 400-meter vacuum tube to test autonomous capsules at speeds of up to 200 kilometers per hour. Highly experienced engineers from ArcelorMittal's manufacturing branch have been assigned to supervise the progress of the project and provide design expertise. The facility is expected to be in operation by the first quarter of 2024.

The Chief Technology Officer of ArcelorMittal, Pinakin Chaubal, highlighted the importance of steel in Hyperloop technology and expressed his excitement. Aravind S. Bharadwaj, Mentor of IIT Madras Hyperloop Technology Development Team, mentioned that this partnership will contribute to the commercialization of Hyperloop technology. ArcelorMittal's collaboration also builds on its previous work with IIT Madras focusing on industrial decarbonization technologies. The company uses the XCarb™ Innovation Fund to invest in technologies to accelerate the steel industry's transition to carbon-neutral steel production.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Egypt boosts sector with new mining law

Wednesday, April 30, 2025

Vallourec signs USD 130 million OCTG steel pipe supply contract in Kuwait

Wednesday, April 30, 2025

Josu Pina Bilbao “SSAB is a pioneer in fossil fuel-free steel”

Monday, April 28, 2025

US steel imports increase by 11.4% in March

Tuesday, April 29, 2025

Vardhman Special Steels to set up new greenfield steel plant in Punjab

Tuesday, April 29, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now