Home NewsAustralia BlueScope Steel and Rio Tinto announce ‘green steel’ partnership

BlueScope Steel and Rio Tinto announce ‘green steel’ partnership

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BlueScope Metal and Rio Tinto have agreed to start exploring strategies of decarbonising the steel-making course of — together with establishing Australia’s first ‘inexperienced metal’ plant. 

The businesses signed a Memorandum of Understanding (MOU) to research the manufacturing of low-emissions iron feed utilizing hydrogen.

The hydrogen shall be produced utilizing renewable power as an alternative of fossil fuels — often called ‘inexperienced hydrogen’.

The announcement is without doubt one of the strongest alerts but that Australia’s largest metal producer is planning for a future with out coal.

“BlueScope’s aim is internet zero greenhouse fuel emissions by 2050 for our international operations,” BlueScope chief government Mark Vassella mentioned.

a man in a grey suit smiling
Bluescope CEO Mark Vassella says decarbonising metal manufacturing would require “broad help from governments”.(ABC Information: Kelly Fuller)

Rio Tinto is Bluescope’s largest provider of iron ore and has additionally dedicated to reaching internet zero emissions by 2050.

“We realise that, to get there, we have to examine a number of pathways and strike partnerships throughout the metal worth chain,” Rio Tinto Iron Ore chief government Simon Trott mentioned.

Pilot ‘inexperienced metal’ plant

BlueScope has loved a record-breaking year amid hovering demand for its metal merchandise each domestically and overseas.

It has dedicated to spend $150 million over 5 years to decarbonise its operations.

Initially, the steel-maker will start assessing the size of a ‘inexperienced metal’ pilot mission at Port Kembla — consisting of a hydrogen electrolyser, direct discount tools and a melter.

A Rio Tinto iron ore train, stretching for up to 3 kilometres, passes through a level crossing.
A Rio Tinto iron ore practice passes by means of a stage crossing within the Pilbara on its strategy to port.(ABC Information: Rachel Pupazzoni)

The NSW authorities just lately introduced a $3 billion roadmap for developing a ‘green hydrogen’ industry.

It claimed that the primary inexperienced metal pilot mission to be constructed within the Asia/Pacific would qualify for the funding.

Regardless of numerous zero-emissions metal tasks rising overseas, BlueScope nonetheless believes it is going to be a long time earlier than it replaces present steel-making strategies.

The corporate is within the means of relining certainly one of its blast furnaces — a extremely costly mission anticipated to price as much as $800 million.

Nevertheless, the steel-maker is exploring short-term emissions discount choices — similar to changing using coal within the blast furnace with charcoal from logging and development waste.

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