Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain, the companies said in a press release on Tuesday December 15.
Both companies have the shared goal of significantly reducing carbon emissions across the entire steel value chain, while the partnership will also help accelerate decarbonization activities to support Japan's recently announced climate goals of being a carbon-neutral country by 2050. The partnership will explore technologies for decarbonization of the entire steel value chain from iron ore mining to steelmaking, including integrating Rio Tinto's iron ore...