Brazilian mining group Vale and Changsha-based Hunan Valin Iron & Steel have signed a Memorandum of Understanding to pursue ironmaking solutions focused on reducing CO2 emissions.
Vale and Valin intend to jointly explore the feasibility of cooperation on usage of Vale’s wide range of products, such as high-grade iron ore products like pellets and fines, and products processed in grinding facilities in China.
The MoU also aims to develop metallics plants outside China to supply Valin Group, the usage of advanced technology in China, and the application of green and low carbon emission technologies, including energy resources such as hydrogen, biomass and syngas,” CLBrief reported.
“This initiative contributes to Vale’s commitment to reduce 15 per cent of net Scope 3 emissions by 2035. Additionally, Vale seeks to reduce its absolute Scope 1 and 2 emissions by 33 per cent by 2030 and achieve net zero by 2050, in line with the Paris Agreement, leading the evolution process towards sustainable mining,” the Brazilian company stated.
“Valin made” is widely applied in more than 1,000 super projects and key projects around the world, and its comprehensive competitiveness ranks “Tier 1 players” in the Chinese steel industry.