TPG Capital, a private equity investment firm, completed a $700m investment in Hybar, a scrap metal recycling steel rebar mill company. “Our investment in Hybar not only reflects the trust we have in this talented management team but our thematic focus on sustainable materials broadly, and on green steel production specifically. The global steel industry accounts for 7-9% of global CO2 emissions today, which creates a massive opportunity for Hybar to drive decarbonization at scale,” Mike Stone, TPG Partner.