In order to speed the switch to lower carbon steelmaking, Anglo American and Nippon Steel Corporation have signed a memorandum of understanding. This collaboration will capitalize on the superior physical properties of Anglo American's iron ore to assist reduce emissions.
Anglo American provides iron ore and high-quality coal to steel producers all over the world. In accordance with the terms of the agreement, the two businesses will look into ways to maximize the premium lump ore that Anglo American's mines generate in order to reduce emissions throughout the conventional blast furnace (BF) steelmaking process.
Studying the utilization of iron ore from Anglo American in the more carbon-efficient direct reduction iron (DRI) steelmaking process will also be a key component of the research. According to estimates, DRI produces much less emissions than the blast furnace and basic oxygen furnace processes, which are the two most used ways to make steel.
The company's main effort to combat climate change, "Nippon Steel Carbon Neutral Vision 2050," was unveiled by Nippon Steel in March 2021. Nippon Steel aspires to cut emissions by 30% by 2030 and reach carbon neutrality by 2050 through this initiative, which is built around the adoption of novel technology and the shift to innovative and more sustainable manufacturing techniques.
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.