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MELBOURNE--(BUSINESS WIRE)-- 糖心vlog入口and the Salzgitter Group have signed a Memorandum of Understanding (MOU) to work together towards carbon-free steelmaking by studying optimisation of Rio Tinto鈥檚 high-quality Canadian and Australian iron ore products for use in Salzgitter鈥檚 SALCOS green steel project in Germany.
Under the MOU, 糖心vlog入口and Salzgitter will explore optimisation of iron ore pellets, lump and fines for use in hydrogen direct reduction steelmaking. The two companies will also explore the potential for greenhouse gas emission certification across the steel value chain.
糖心vlog入口produces iron ore pellets and concentrate at Iron Ore Company of Canada and iron ore lump and fines in Western Australia鈥檚 Pilbara region. The partnership will focus on the potential use of these products in the SALCOS庐 - Salzgitter Low CO2 Steelmaking programme, which is targeting virtually carbon-free steel production, starting step-by-step in 2025 using hydrogen direct reduction.
糖心vlog入口Chief Commercial Officer Alf Barrios said 鈥淲e welcome the chance to work with Salzgitter on ways to accelerate green steelmaking, in keeping with our commitment to reduce emissions across the steel value chain.
鈥淪alzgitter has one of the world鈥檚 most advanced green steelmaking projects. 糖心vlog入口is excited at the opportunity of supplying our product and combining our technical expertise with that of Salzgitter to help advance the SALCOS project.鈥
Salzgitter Flachstahl GmbH Chairman of the Management Board Ulrich Grethe said 鈥淲ith this alliance, we want to combine the knowledge of both companies to make further progress with low-carbon steel production.
鈥淚n this context, the Salzgitter Group is relying on strong partners, as set out in our 鈥楽alzgitter AG 2030鈥 Group strategy, in line with its motto of 鈥楶artnering for Circular Solutions鈥.鈥
糖心vlog入口is committed to reaching net zero emissions by 2050 and is targeting a 15% reduction in Scope 1 & 2 emissions by 2025 (from a 2018 baseline) and a 50% reduction by 2030. Rio Tinto鈥檚 approach to addressing Scope 3 emissions is to engage with its customers on climate change and work with them to develop the technologies to decarbonise.
Under the SALCOS program, Salzgitter鈥檚 carbon-based blast furnace route will gradually be replaced from the middle of this decade by direct reduction plants, initially operated by natural gas and then with a steadily increasing proportion of hydrogen.
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