Energy Efficiency, GHG Emissions, Industrial - September 29, 2022
Rio Tinto, Shougang Group Explore Steel Decarbonisation Solutions
Rio Tinto and steel producer Shougang Group signed a Memorandum of Understanding (MoU) to promote research, design and implementation of low-carbon solutions for the steel value chain.
The focus of the MOU includes low-carbon sintering technology, blast furnace (BF) and basic oxygen furnace (BOF) optimization, and carbon capture and utilization (CCU).
This partnership with Shougang underlines Rio Tinto’s strategic commitment to partner with customers on steel decarbonization 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 utilization, CCU and low-carbon sintering technology.
The MoU builds on the nearly 30-year relationship between Rio Tinto 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.
“Steel is a vital material for economic growth and low-carbon infrastructure,” said Rio Tinto Chief Commercial Officer Alf Barrios in a statement. At Rio Tinto, 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 ‘greener’ steel value chain.”