Brazil's Vale and Luxembourg-based steel producer Ternium signed a memorandum of understanding (MoU) to seek low-carbon steelmaking solutions in an attempt to cut emissions, the Brazilian mining company said on Thursday August 19.
Plans include potentially installing an iron ore briquetting plant at Ternium Brasil, the steelmakers' slab mill in Brazil's southeastern state of Rio de Janeiro. Other possible initiatives include developing facilities to produce metallic products that use low-carbon-footprint iron-reduction processes such as Tecnored (from Vale) and HYL (from Ternium).This partnership is part of Vale's intention to eliminate 15% of its net Scope 3 emissions under the greenhouse gas protocol - meaning the carbon footprint of stakeholders, be it suppliers...