Salzgitter, Rio Tinto Sign Agreement to Develop Low-Carbon Steel
June 07 2022 - 5:20AM
Dow Jones News
By Pierre Bertrand
Salzgitter AG and Rio Tinto Ltd said Tuesday that they have
signed an agreement to collaborate on reducing the amount of carbon
emitted when making steel.
Under the memorandum of understanding signed, the two companies
will study technical aspects of steelmaking with the use of
hydrogen, the companies said.
The agreement focuses on the Australian mining company's iron
ore products and their use in a virtually carbon-free steel
production process being designed by Salzgitter.
The new hydrogen-powered steelmaking program is intended to
gradually replace the German company's carbon-based blast furnaces
and reduce CO2 emissions by 95% by 2033.
Included in the agreement is the expansion of supply chains and,
potentially, obtaining certification of their greenhouse gas
emissions levels, the companies said.
This agreement follows a similar cooperation deal struck last
week between Salzgitter and Swedish miner Luossavaara Kiirunavaara
AB to help implement Salzgitter's hydrogen-powered steelmaking
program.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
June 07, 2022 06:05 ET (10:05 GMT)
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