China Baowu, the world's largest steelmaker, and Rio Tinto, the world's largest iron ore producer, have signed an MoU to explore new projects aimed at decarbonizing the steel value chain. The collaboration includes initiatives such as developing low-carbon steelmaking technologies and optimizing ore processing methods.The companies plan to research, build and demonstrate a pilot-scale electric melter for low-carbon steel production in China. They will also optimize pelletisation technology for Australian ores, expand the development of China Baowu's CO₂ emissions reduction technology, and explore opportunities for producing low-carbon iron in Western Australia.This collaboration builds upon the longstanding partnership between China Baowu and Rio Tinto and their shared commitment to sustainability and addressing climate change. Both companies will contribute resources and expertise to advance these projects.China Baowu and Rio Tinto aim to play a leading role in the steel industry's low-carbon transformation. They recognize the importance of developing a low-carbon pathway for low-to-medium grade iron ores, which account for the majority of global iron ore supply.The collaboration between China Baowu and Rio Tinto demonstrates their dedication to promoting high-quality green development and addressing the challenge of climate change. By pursuing these innovative projects, they aim to provide comprehensive low-carbon solutions for the steel value chain and support the global transition to a greener future.
China Baowu, the world's largest steelmaker, and Rio Tinto, the world's largest iron ore producer, have signed an MoU to explore new projects aimed at decarbonizing the steel value chain. The collaboration includes initiatives such as developing low-carbon steelmaking technologies and optimizing ore processing methods.The companies plan to research, build and demonstrate a pilot-scale electric melter for low-carbon steel production in China. They will also optimize pelletisation technology for Australian ores, expand the development of China Baowu's CO₂ emissions reduction technology, and explore opportunities for producing low-carbon iron in Western Australia.This collaboration builds upon the longstanding partnership between China Baowu and Rio Tinto and their shared commitment to sustainability and addressing climate change. Both companies will contribute resources and expertise to advance these projects.China Baowu and Rio Tinto aim to play a leading role in the steel industry's low-carbon transformation. They recognize the importance of developing a low-carbon pathway for low-to-medium grade iron ores, which account for the majority of global iron ore supply.The collaboration between China Baowu and Rio Tinto demonstrates their dedication to promoting high-quality green development and addressing the challenge of climate change. By pursuing these innovative projects, they aim to provide comprehensive low-carbon solutions for the steel value chain and support the global transition to a greener future.
