Vale, Jiangsu Shagang to Develop Decarbonization Solutions
10/19/2021 - Brazilian mining corporation Vale has signed a Memorandum of Understanding with China’s Jiangsu Shagang Group Co. Ltd. in which both parties have agreed to develop solutions for reducing CO2 emissions in steelmaking.
In a press release yesterday, Vale said it intends to work with Jiangsu Shagang to perform feasibility studies on the use of products with lower carbon footprint in the ironmaking process and in Vale’s Tecnored plants. Tecnored, a subsidiary of Vale, is developing a low-carbon pig iron process through the use of biomass and syn-gas.
The joint effort with Jiangsu Shagang contributes to Vale’s commitment of reducing net Scope 3 emissions by 15% by 2035.
