South Korean steel giant POSCO and Brazilian iron ore miner Vale have signed a joint research agreement to promote HBI production on 1 August 2022 at Vale headquarters in Rio de Janeiro in Brazil to promote the low-carbon HBI production. POSCO and Vale have decided to conduct joint research in the areas of1. Selection of potential regions2. Cost and investment cost analysis by the production process3. Carbon emission reduction measures in the production process to promote the HBI business. The two companies plan to complete a basic review for the HBI business, including the optimal location of the plant, scale, production method, and economic feasibility by the end of this year.POSCO had signed a Memorandum of Understanding for carbon-neutral cooperation with Vale in November last year, and has conducted joint research on how to use low-carbon raw materials in the process. Through this agreement, the joint research field for carbon neutrality expanded to the HBI business
South Korean steel giant POSCO and Brazilian iron ore miner Vale have signed a joint research agreement to promote HBI production on 1 August 2022 at Vale headquarters in Rio de Janeiro in Brazil to promote the low-carbon HBI production. POSCO and Vale have decided to conduct joint research in the areas of1. Selection of potential regions2. Cost and investment cost analysis by the production process3. Carbon emission reduction measures in the production process to promote the HBI business. The two companies plan to complete a basic review for the HBI business, including the optimal location of the plant, scale, production method, and economic feasibility by the end of this year.POSCO had signed a Memorandum of Understanding for carbon-neutral cooperation with Vale in November last year, and has conducted joint research on how to use low-carbon raw materials in the process. Through this agreement, the joint research field for carbon neutrality expanded to the HBI business
