25 Sep 2019 Rio Tinto ties up with China’s steelmaker Baowu to cut emissions
The Anglo-Australian mining company Rio Tinto has signed a Memorandum of Understanding (MOU) with China’s largest steel producer, China Baowu Steel Group. The MOU aims at developing ways to reduce carbon emissions released during steel manufacturing process.
The partnership, signed on September 25, 2019, includes a collaboration with Tsinghua University, one of China’s most prestigious and influential universities. The companies will commit to conduct researches “to develop and implement new methods to reduce carbon emissions and improve environmental performance across the steel value chain”, as the press release stated.
“The materials we produce have an important role to play in the transition to a low carbon future and we are committed to partnering with our customers and others to find the most sustainable ways to produce, process and market them. We are already doing this in aluminium and now, through this partnership, we will be doing it in the steel industry” said CEO Jean-Sebastien Jacques during the press conference.
In fact, according to the company, carbon emissions across steel value chain accounts for between 7% and 9% of the world’s carbon emissions.
Find the press release at the following link:
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