Port of StocktonTBA GroupCimbriaVan AalstTelestackTOC Events
  • Van Aalst
  • Port of Stockton
  • TOC Events
  • TBA Group
  • Cimbria
  • Sailors Society

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, BHP and Fortescue to create safer workplaces

(Posted on 19/11/22)

Rio Tinto, BHP and Fortescue are launching an innovative pilot programme aimed at helping to eliminate... Read more


AJ Steel agreement with KEZAD to expand in Abu Dhabi

(Posted on 19/11/22)

Leading UAE steel pipe manufacturer and exporter, AJ Steel, has signed an agreement with the integrated... Read more


EU fertilizer industry calls for more comprehensive long-term strategy

(Posted on 13/11/22)

Fertilizers Europe has welcomed the recognition of the European Commission that urgent and targeted... Read more


NGFA urge US Congress to prevent rail shutdown

(Posted on 09/11/22)

The National Grain and Feed Association (NGFA) in the USA and 192 other members of the Agricultural... Read more


BHP and Rio Tinto to collaborate on new tailings technology

(Posted on 02/11/22)

Global miners BHP and Rio Tinto have formed a partnership agreement to accelerate the development of... Read more


Trafigura signs German guaranteed US$800m loan agreement

(Posted on 26/10/22)

Trafigura, a market leader in the global commodities industry, has entered into a USD800 million five... Read more


Blastr and Cargill Metals MOU for supply of green steel

(Posted on 26/10/22)

Cargill’s metals business and Blastr Green Steel AS, a developer of decarbonized steel supply,... Read more


BHP releases Operational Review for quarter ended 30 September

(Posted on 20/10/22)

Commenting on BHP’s newly released Operational Review, Chief Executive Officer, Mike Henry said... Read more


Partnership to decarbonise RTFT and boost critical minerals processing

(Posted on 14/10/22)

Rio Tinto is partnering with the Government of Canada to invest up to C$737 million (US$537 million)... Read more


Partnership for renewable solar power at RBM

(Posted on 06/10/22)

Richard’s Bay Minerals (RBM) will be supplied with renewable solar power through an agreement... Read more


Port of South LouisianaThe Wolfson Centre for Bulk Solids Handling Technology Cleveland Cascades LtdBühler GmbHSailors SocietyVigan
  • Bühler GmbH
  • Vigan
  • Port of South Louisiana

Subscribe to our newsletter

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