Rio Tinto to attempt producing low-carbon iron in Canada

The world’s second-largest miner, Rio Tinto, (ASX, LON, NYSE: RIO) has actually teamed up with 2 European business to explore production of low-emissions hot briquetted iron (HBI) in Canada, amid increasing pressure from stakeholders to make steelmaking a more environmentally-friendly activity.

The mining giant, which has actually been working on cutting sector emissions because 2019, has tattooed a memorandum of understanding with Luxembourg-based engineering company Paul Wurth S.A. and German steelmaker SHS-Stahl-Holding-Saar GmbH & & Co. KGaA.

The partners will check out the practicality of transforming iron ore pellets into low-carbon hot briquetted iron (HBI), a low-carbon steel feedstock, utilizing green hydrogen generated from hydro-electricity in Canada.

Feasibility research study into potential industrial-scale low-carbon iron production in Canada is arranged for conclusion in late 2021

“Canada supplies access to cost competitive hydro-electricity, and distance to key markets in Europe and The United States And Canada,” Rio Tinto stated. “When processed in an electrical arc heater with carbon-free electrical power, [the brand-new procedure] has the possible to decrease considerably the carbon emissions related to steelmaking.”

Iron Ore Business of Canada (IOC), majority-owned by Rio, will provide state-of-the-art iron ore for the project, with an expediency study for potential commercial scale low-carbon iron production scheduled to be completed in late 2021.

As a part of Rio’s climate method, the collaboration will “support the advancement and deployment of low-carbon technologies for hard-to-abate procedures like steelmaking,” IOC president and chief executive, Clayton Walker, stated in the statement.

The announcement develops on the group’s decision, revealed in December, to invest $10 million in low-carbon steelmaking projects over the next 2 years, as part of its collaboration with China Baowu Steel Group, the country’s largest steel producer.

The highly polluting process of making steel involves including coking coal to iron ore to make the alloy, and is approximated to be accountable for approximately 9% of worldwide greenhouse emissions.

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