In partnership with FGV – Fundação Getúlio Vargas, MODULAX will develop, implement, and operate a sustainable steelwork complex integrated with a thermoelectric plant and carbonization plants in the province of Formosa, Argentina.

The project consists of the construction of a green steelwork plant composed of a 160m³ Blast Furnace and a biomass thermoelectric plant with installed capacity of 6MW. The Blast Furnace will produce 144,000 tons of pig iron per year that are destined for export. The Thermoelectric plant will produce about 56 thousand MW of electric energy per year and will be sold to CAMMESA – Compañia Administradora Del Mercado Mayorista Eléctrico.