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Vale, Nippon Steel Sign MoU to Develop Steelmaking Decarbonization Solutions

The two companies intend to study metallics usage solutions such as direct reduced iron and pig iron produced via the Tecnored technology and usage of Vale’s green briquettes and other lower-carbon-footprint products.
 
According to Vale, the initiative contributes to its commitment to reduce 15% of net Scope 3 emissions by 2035. In line with the Paris Agreement, the company aims to reduce its Scope 1 and 2 emissions by 33% by 2030 and achieve net zero by 2050.