Chinese steel giant Baowu Resources has recently released the action plan for carbon peak and carbon neutrality, actively practicing the responsibility of resource guarantee in the green and low-carbon metallurgical supply chain, and striving to be the chain leader of the green and low-carbon resource supply chain. This is also another specific exploration and practice of Baowu Resources in the green and low-carbon development of the steel industry chain since the world's first iron ore pellet EPD on 1 January 2023. Baowu Resources aims to achieve low-carbon and zero-carbon operations in the production process, and strives to achieve a peak in carbon emission intensity in 2023 and a peak in total carbon emissions before 2030. In 2035, the total carbon emissions will be reduced by 25%, and by 2050, while the green metallurgical charge manufacturing process is greatly reduced, carbon dioxide capture, storage, utilization and carbon sink will be played to achieve carbon neutrality. The plan clarifies the basic principles of Baowu Resources' "dual carbon" work 1. Adhere to the overall planning of the production layout of international and domestic metallurgical raw materials 2. Promote the green coordinated development of metallurgical mines and the steel industry by providing high-quality green metallurgical raw materials for the steel industry 3. Adhere to key technological innovation and application, pay close attention to the energy-consuming nodes of iron concentrate, flux ore, pellet and other production processes and the high points of new energy technologies such as shipping and transportation, 4. Strive to achieve new breakthroughs in new green and low-carbon metallurgical charge technology 5. Adhere to smart manufacturing, through the construction of large raw materials smart supply chain platform and other specific actions, to achieve efficient use of resources and continuous improvement of the natural environment 6. Adhere to the strong foundation and improve efficiency, establish and improve the green and low-carbon management foundation and system, build an effective and efficient dual-carbon management team 7. Promote the formation of a good cycle of active carbon reduction, active carbon replacement, and active carbon sequestration. Baowu Resources' "dual carbon" work will focus on six key tasks First, coordinate the production capacity layout of mineral product processing bases, pellet ore and lime products to ensure the smelting and production needs of the steel industry. The second is to accelerate the upgrading of the energy structure, increase the proportion of clean energy such as green photovoltaic and wind energy, transform port shore power equipment, and realize the green and low-carbon transformation of energy. The third is to research and develop high-quality metallurgical charge products and comprehensive utilization products, carry out technical research on pellet reduction, low-grade ore quality improvement and impurity reduction, and efficient utilization of resources, continue to promote production process improvement and process optimization, and achieve the ultimate energy saving and carbon reduction in the whole process. The fourth is to vigorously promote smart manufacturing, introduce 5G, digital twin, Internet of Things and other technologies, improve the application of three-dimensional digital management and control technology for mining, establish an intelligent energy management and control platform covering all production and operation units, and realize the digitalization and intelligence of mining control. Fifth, actively carry out research on carbon asset management such as carbon quotas, carbon sinks, carbon trading, and the construction of green finance projects to enhance the competitiveness of the green economy. The sixth is to run the concept of green ecological civilization through the whole process of "dual carbon" management, carry out "dual carbon" knowledge training, increase the training of carbon asset management professionals, and improve the awareness of carbon reduction among all employees. In the next step, Baowu Resources will strengthen organizational leadership and system management, benchmark against advanced industry practices, further clarify the status quo of carbon emission management, clarify the carbon neutrality roadmap and the main work directions of each stage, improve carbon management capabilities, and ensure that the "dual carbon" goal is achieved on schedule.
Chinese steel giant Baowu Resources has recently released the action plan for carbon peak and carbon neutrality, actively practicing the responsibility of resource guarantee in the green and low-carbon metallurgical supply chain, and striving to be the chain leader of the green and low-carbon resource supply chain. This is also another specific exploration and practice of Baowu Resources in the green and low-carbon development of the steel industry chain since the world's first iron ore pellet EPD on 1 January 2023. Baowu Resources aims to achieve low-carbon and zero-carbon operations in the production process, and strives to achieve a peak in carbon emission intensity in 2023 and a peak in total carbon emissions before 2030. In 2035, the total carbon emissions will be reduced by 25%, and by 2050, while the green metallurgical charge manufacturing process is greatly reduced, carbon dioxide capture, storage, utilization and carbon sink will be played to achieve carbon neutrality. The plan clarifies the basic principles of Baowu Resources' "dual carbon" work 1. Adhere to the overall planning of the production layout of international and domestic metallurgical raw materials 2. Promote the green coordinated development of metallurgical mines and the steel industry by providing high-quality green metallurgical raw materials for the steel industry 3. Adhere to key technological innovation and application, pay close attention to the energy-consuming nodes of iron concentrate, flux ore, pellet and other production processes and the high points of new energy technologies such as shipping and transportation, 4. Strive to achieve new breakthroughs in new green and low-carbon metallurgical charge technology 5. Adhere to smart manufacturing, through the construction of large raw materials smart supply chain platform and other specific actions, to achieve efficient use of resources and continuous improvement of the natural environment 6. Adhere to the strong foundation and improve efficiency, establish and improve the green and low-carbon management foundation and system, build an effective and efficient dual-carbon management team 7. Promote the formation of a good cycle of active carbon reduction, active carbon replacement, and active carbon sequestration. Baowu Resources' "dual carbon" work will focus on six key tasks First, coordinate the production capacity layout of mineral product processing bases, pellet ore and lime products to ensure the smelting and production needs of the steel industry. The second is to accelerate the upgrading of the energy structure, increase the proportion of clean energy such as green photovoltaic and wind energy, transform port shore power equipment, and realize the green and low-carbon transformation of energy. The third is to research and develop high-quality metallurgical charge products and comprehensive utilization products, carry out technical research on pellet reduction, low-grade ore quality improvement and impurity reduction, and efficient utilization of resources, continue to promote production process improvement and process optimization, and achieve the ultimate energy saving and carbon reduction in the whole process. The fourth is to vigorously promote smart manufacturing, introduce 5G, digital twin, Internet of Things and other technologies, improve the application of three-dimensional digital management and control technology for mining, establish an intelligent energy management and control platform covering all production and operation units, and realize the digitalization and intelligence of mining control. Fifth, actively carry out research on carbon asset management such as carbon quotas, carbon sinks, carbon trading, and the construction of green finance projects to enhance the competitiveness of the green economy. The sixth is to run the concept of green ecological civilization through the whole process of "dual carbon" management, carry out "dual carbon" knowledge training, increase the training of carbon asset management professionals, and improve the awareness of carbon reduction among all employees. In the next step, Baowu Resources will strengthen organizational leadership and system management, benchmark against advanced industry practices, further clarify the status quo of carbon emission management, clarify the carbon neutrality roadmap and the main work directions of each stage, improve carbon management capabilities, and ensure that the "dual carbon" goal is achieved on schedule.
