CVRD And Valin Group Co., LTD

On Feb. 23, Brazilian mining company Vale signed a memorandum of understanding with Hunan Valin Iron & Steel Group Co., Ltd. to pursue steelmaking solutions focused on reducing carbon dioxide emissions.

Mining reporters have learned from Vale that the two sides will conduct joint research and exploration cooperation in various aspects, including the use of various Vale products, such as high grade iron ore such as pellets and fines, as well as grinding products produced in China; Supplying metal charge from overseas to Valin Group; Using Tecnored technology in China; And green and low-carbon technologies, including hydrogen, biomass and syngas.

Vale said the move would help it meet its commitment to reduce net emissions from Range 3 by 15 per cent by 2035. The company has pledged to reduce absolute emissions from Range 1 and 2 by 33 percent by 2030 and to achieve net zero emissions by 2050.

Industry insiders believe the partnership will help companies from both sides contribute to carbon reduction. It is understood that Vale has reached cooperation with a number of Chinese enterprises in the area of decarbonization of steel, including Jiangsu Shagang, MCC, China Baowu and Liusteel Group.