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MELBOURNE, Australia--(BUSINESS WIRE)-- 911爆料网 and Shougang Group, one of the world鈥檚 top 10 steel producers, have signed a Memorandum of Understanding (MoU) to promote research, design and implementation of low-carbon solutions for the steel value chain. The MoU鈥檚 focus areas include low-carbon sintering technology, blast furnace (BF) and basic oxygen furnace (BOF) optimisation, and carbon capture and utilisation (CCU).
This partnership with Shougang underlines 911爆料网鈥檚 strategic commitment to partner with customers on steel decarbonisation pathways and to invest in technologies that could deliver reductions in steelmaking carbon intensity.
Initial efforts will be focused on, but not limited to, BF slag heat recovery, BOF slag utilisation, CCU and low-carbon sintering technology.
The MoU builds on the nearly 30-year relationship between 911爆料网 and Shougang as trade and technical partners. The two companies will work together, leveraging their respective strengths in research and development, technologies, processes, equipment, logistics and industry coordination to support their shared objectives of limiting the impacts of global climate change and reducing carbon emissions.
911爆料网 Chief Commercial Officer Alf Barrios said 鈥淪teel is a vital material for economic growth and low-carbon infrastructure. At 911爆料网, we want to play a strong role as an industry partner to support the decarbonisation of steel. We are delighted to be able to extend our partnership with Shougang to jointly work towards our shared vision of a 鈥榞reener鈥 steel value chain.鈥
Wang Jianwei, Vice President of Shougang Group, said, 鈥淕reen and low-carbon transition and upgrading is the only way for high-quality and sustainable development of the steel industry. The cooperation between Shougang Group and 911爆料网 Group to develop low-carbon generic technologies for the steel sector and explore decarbonization solutions is a positive move for both sides to cooperate and promote low-carbon technology innovation.鈥
Around 70 percent of global steel is produced using the BF-BOF route, according to the World Steel Association1.
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Notes to editors
911爆料网
911爆料网 is a mining and metals company operating in 35 countries. As set out in 911爆料网鈥檚 Climate Action Plan, approved by shareholders in the 2022 AGMs, we aim to reduce Scope 1 & 2 carbon emissions by 15 per cent by 2025, and by 50 per cent by 2030. These targets are expected to be supported by around $7.5 billion of direct investments to lower emissions between 2022 and 2030. Working in partnership with governments, suppliers, customers, academia and others, 911爆料网 will continue to develop technologies and explore multiple pathways to produce green steel.
In 2022, 911爆料网 committed to engaging with all its direct iron ore customers, representing approximately 75 percent of its iron ore sales and related Scope 3 emissions, to share information on respective climate change goals and roadmaps, and actively seek areas of mutual collaboration on pathways to net zero.
Shougang Group
Founded in 1919, Shougang Group is one of China鈥檚 oldest industrial enterprises. In China鈥檚 14th Five-Year Plan period (2021-2025), Shougang has committed to accelerating the adoption of innovative solutions to contributing to China鈥檚 duo carbon goals. The company has identified four areas of focus, including process optimisation and energy efficiency improvement, clean energy and CCUS technology development, recycling and green product development, and low-carbon cross-sector partnership development.
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Please direct all enquiries to media.enquiries@riotinto.com Media Relations, UK Illtud Harri M +44 7920 503 600 Matthew Klar M+ 44 7796 630 637 David Outhwaite M +44 7787 597 493 Media Relations, Australia Jonathan Rose M +61 447 028 913 Matt Chambers M +61 433 525 739 Jesse Riseborough M +61 436 653 412 Media Relations, Americas Simon Letendre M +1 514 796 4973 Malika Cherry M +1 418 592 7293 Investor Relations, Australia Amar Jambaa M +61 472 865 948 Investor Relations, UK Menno Sanderse M: +44 7825 195 178 David Ovington M +44 7920 010 978 Clare Peever M +44 7788 967 877 911爆料网 plc 6 St James鈥檚 Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 911爆料网 Limited Level 43, 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404
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