Rio Tinto And Shougang Group Cooperate To Explore Steel Carbon Reduction Solutions

Rio Tinto and Shougang Group have signed a memorandum of Understanding (MOU) to research, design and implement low-carbon solutions for the steel industry value chain. The collaboration will focus on low-carbon sintering technologies, blast furnace and converter optimization, and carbon capture and utilization technologies.

The initial areas of focus include, but are not limited to, waste heat recovery from blast furnace slag, utilization of converter slag, carbon capture and utilization, and low carbon sintering technology.

Rio Tinto and Shougang have been trading partners for nearly 30 years. The signing of this MOU is another important milestone in the in-depth development of their cooperation. The two sides will leverage their respective strengths in research and development, technology, processes, equipment, logistics and industry coordination to work together to achieve the goal of reducing the impact of global climate change and reducing carbon emissions.

Alf Barrios, Rio's group chief commercial officer and chairman of China, said: "Steel is an important material for economic development and low-carbon infrastructure. At Rio Tinto, we want to play a strong role as an industry partner in supporting carbon reduction in steel. We are pleased to expand our cooperation with Shougang and contribute to the green development of the value chain in the steel industry."

Wang Jianwei, deputy general manager of Shougang Group, said: "Green and low-carbon transformation and upgrading is the only way for the high-quality and sustainable development of the steel industry. Cooperation between Shougang and Rio Tinto to develop low-carbon generic technology in the steel industry and explore carbon reduction solutions in the steel industry is a positive measure for both sides to cooperate and promote low-carbon technology innovation."