TelestackCoaltrans MENA 2020Cimbria Bulk Equipment A/STOC EventsViganTBA Group
  • MULTIMODAL 2020
  • Bühler GmbH
  • Sailors Society
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Vigan
  • Coaltrans Poland 2020

Rio Tinto signs steel MOU

Rio Tinto signs steel MOU

(Posted on 27/09/19)

Rio Tinto, one of the world’s largest iron ore producers, has signed a Memorandum of Understanding (MOU) with China’s largest steel producer, China Baowu Steel Group and Tsinghua University, one of China’s most prestigious and influential universities (the Parties), to develop and implement new methods to reduce carbon emissions and improve environmental performance across the steel value chain. The China Iron and Steel Association (CISA) invited the Parties to sign the MOU at its China International Steel and Raw Materials Conference held in Qingdao.

The MOU will enable the formation of a joint working group tasked with identifying a pathway to support the goal of reducing carbon emissions across the entire steel value chain, which accounts for between seven and nine per cent of the world's carbon emissions.1 The working group will establish a joint action plan on how to best utilise the Parties’ complementary strengths in research and development, technologies, processes, equipment, logistics, industry coordination and policy advisory capacities to combat climate change and improve environmental performance.

Rio Tinto chief executive, J-S Jacques said "This pioneering partnership across the steel value chain will bring together solutions to help address the steel industry's carbon footprint and improve its environmental performance.

"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.

"We thank CISA for its support and look forward to collaborating with China's largest steel producer, China Baowu, and Tsinghua University, a global leader in climate change research and collaboration."

China Baowu chairman, Chen Derong said "China Baowu is committed to ecological and sustainable development.

We will promote sustainable production through intelligent manufacturing. We want to make a difference to the iron and steel ecosystem by developing greener factories and enterprises to deliver a cleaner, more sustainable steel industry. China Baowu looks forward to exploring low-carbon metallurgical innovation with Rio Tinto and Tsinghua University, and building a low-carbon industrial value chain. We hope to jointly address climate challenges with our partners, and create a model of harmonious coexistence between cities and steel mills."

Tsinghua University Vice President You Zheng said "Tsinghua is committed to providing solutions to climate change challenges and contributing wisdom to sustainable development. Initiating the Global Alliance of Universities on Climate is an important milestone, and just one example. The signing will enable us to work closely with the upstream and downstream of the steel industry value chain to jointly find the solution to the industry's low carbon transformation."

Latest News

Rio Tinto slows some operations

(Posted on 26/03/20)

As a result of separate actions by the Premier of Quebec and the President of South Africa to contain... Read more


Cargill donates disinfecting alcohol

(Posted on 26/03/20)

Cargill, one of Europe's largest alcohol producers, has donated a first batch of 60,000 liters of disinfecting... Read more


BHP prioritises safety

(Posted on 20/03/20)

BHP has outlined the steps it is taking to maintain the safety of its workforce and continuity of its... Read more


Vale updates coronavirus

(Posted on 20/03/20)

“Vale would like to update the market on the steps and policies it is taking to safeguard its... Read more


Update on Rio Tinto mine earthquake

(Posted on 20/03/20)

Rio Tinto’s Kennecott mine near Salt Lake City (SLC), Utah, was has been impacted as a result... Read more


Final agreement to implement USMCA

(Posted on 16/03/20)

Canada’s government has approved the U.S.-Mexico-Canada Agreement (USMCA), making it the third... Read more


Calls for recognition of assets in Sustainable Food Systems

(Posted on 16/03/20)

Ahead of the publication of the Farm to Fork Strategy, a gathering of 11 EU organisations of the livestock... Read more


OECD says coronavirus is grave threat

(Posted on 06/03/20)

The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis... Read more


BHP celebrates equality

(Posted on 06/03/20)

For International Women’s Day, a number of BHP's Queensland Coal colleagues contributed to... Read more


USDA’s cover crop programme

(Posted on 02/03/20)

The U.S. Department of Agriculture (USDA) is launching a new pilot programme under the Conservation... Read more


Port of StocktonCoaltrans Poland 2020MULTIMODAL 2020The Wolfson Centre for Bulk Solids Handling Technology Bühler GmbHCleveland Cascades Ltd
  • Port of Stockton
  • Cleveland Cascades Ltd
  • TOC Events
  • Cimbria Bulk Equipment A/S
  • Port of Vancouver USA

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping