The company announced the agreements in separate press releases yesterday.
 
For Rio Tinto’s part, it will supply H2 Green Steel with direct reduction iron ore pellets for its flagship plant in Boden, Sweden. Additionally, the companies have shaken hands on an agreement in which Rio Tinto will “purchase and on-sell a part of the surplus low-carbon hot briquetted iron (HBI) produced by H2 Green Steel during the ramp-up of its steelmaking capacity.” 
 
“We are partnering across the steel ecosystem to find better ways to support the decarbonization of iron- and steelmaking, and to reduce our scope 3 emissions. Our supply of high-grade iron ore pellets will support the acceleration of H2 Green Steel’s project, and on-selling their low-carbon HBI will enable us to gain a deeper understanding of the future needs of our customers and end users in the emerging green iron and steel market,” said Simon Farry, head of Rio Tinto steel decarbonization.
 
In its multi-year agreement with H2 Green Steel, Vale will supply the company with iron ore pellets from Brazil. 
 
“Vale has followed the developments of the green transition of the steel industry in northern Sweden closely and now chooses to take an active role in contributing to it,” said Bruno Pina, global sales director at Vale. “H2 Green Steel is pushing the entire value chain of steel to move faster toward sustainable solutions. By working closely together with them, we show once more our support to the decarbonization of the steel sector.”