Fund Managers

ArcelorMittal commits $208m to cleantech

The Luxembourg-based steel producer has launched two funds targeting cleantech and carbon credit-producing investment opportunities. The cleantech fund has made its first investment in solar company Miasolé, injecting $20m into the company.

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Luxembourg-based metals and mining giant ArcelorMittal has launched a $50 million (€31.6 million) clean technology fund and a €100 million ($158.2 million) carbon fund.

The clean technology fund has initially been funded with $50 million although a company spokesman said ArcelorMittal may decide to increase this amount in the future.

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