Vale and Nippon Steel: MoU to develop steelmaking decarbonization solutions
by David Fleschen
Vale and Nippon Steel signed a Memorandum of Understanding (“MoU”) to pursue ironmaking solutions focused on carbon neutral steelmaking process.
Vale and Nippon Steel intend to jointly study and explore (i) metallics usage solutions such as direct reduced iron (DRI) and pig iron produced by Tecnored technology; and (ii) usage of Vale’s green briquettes in ironmaking process and other lower carbon footprint products such as pellets.
This initiative contributes to Vale’s commitment to reduce 15% of net Scope 3 emissions by 2035. Additionally, Vale seeks to reduce its absolute Scope 1 and 2 emissions by 33% by 2030 and achieve net zero by 2050, in line with the Paris Agreement, leading the evolution process towards sustainable mining.
Source: Vale, Photo: Fotolia