Brazilian iron ore giant Vale has signed a memorandum of understanding with Guangxi Liuzhou Iron and Steel Group of China. The two sides will work together to develop new steel-making technology and reduce greenhouse gas emissions. Liuzhou Steel will build a furnace mill in Southeast Asia, and Vale will supply the plant with high-grade iron ore products. Liuzhou Steel will also apply the technology of Tecnored to treat its residues generated during steel production. In addition, they plan to build beneficiation and grinding facilities to produce high-grade pellet concentrates in Chinese ports or in Liugang Group factories.Vale has also committed to reducing absolute Scope 1 and Scope 2 emissions by 33% by 2030 and achieving net-zero emissions by 2050, in line with the Paris Agreement. This cooperation will assist Vale to realize its commitment to reducing net emissions by 15% by the year 2035.