Vale has signed a memorandum of understanding (MoU) with China-based Baowu Steel Group, the largest steel producer in the world, to develop low greenhouse gas (GHG) emissions solutions for steelmaking, the Brazilian mining company said on Thursday November 11.
One point included in the agreement was to seek bio-carbon production, a carbon-neutral product based in biomass - and not fossil energy - to be used in blast furnaces. Under the MoU, Vale might also invest 60 million-70 million yuan ($9.4 million-$11 million) in...