Rio Tinto and Salzgitter sign MOU to study using Rio Tinto iron ore in green steelmaking
07 June 2022 - 5:00PM
Business Wire
Rio Tinto and the Salzgitter Group have signed a Memorandum of
Understanding (MOU) to work together towards carbon-free
steelmaking by studying optimisation of Rio Tinto’s high-quality
Canadian and Australian iron ore products for use in Salzgitter’s
SALCOS green steel project in Germany.
Under the MOU, Rio Tinto and Salzgitter will explore
optimisation of iron ore pellets, lump and fines for use in
hydrogen direct reduction steelmaking. The two companies will also
explore the potential for greenhouse gas emission certification
across the steel value chain.
Rio Tinto produces iron ore pellets and concentrate at Iron Ore
Company of Canada and iron ore lump and fines in Western
Australia’s Pilbara region. The partnership will focus on the
potential use of these products in the SALCOS® - Salzgitter Low CO2
Steelmaking programme, which is targeting virtually carbon-free
steel production, starting step-by-step in 2025 using hydrogen
direct reduction.
Rio Tinto Chief Commercial Officer Alf Barrios said “We welcome
the chance to work with Salzgitter on ways to accelerate green
steelmaking, in keeping with our commitment to reduce emissions
across the steel value chain.
“Salzgitter has one of the world’s most advanced green
steelmaking projects. Rio Tinto is excited at the opportunity of
supplying our product and combining our technical expertise with
that of Salzgitter to help advance the SALCOS project.”
Salzgitter Flachstahl GmbH Chairman of the Management Board
Ulrich Grethe said “With this alliance, we want to combine the
knowledge of both companies to make further progress with
low-carbon steel production.
“In this context, the Salzgitter Group is relying on strong
partners, as set out in our ‘Salzgitter AG 2030’ Group strategy, in
line with its motto of ‘Partnering for Circular Solutions’.”
Rio Tinto is committed to reaching net zero emissions by 2050
and is targeting a 15% reduction in Scope 1 & 2 emissions by
2025 (from a 2018 baseline) and a 50% reduction by 2030. Rio
Tinto’s approach to addressing Scope 3 emissions is to engage with
its customers on climate change and work with them to develop the
technologies to decarbonise.
Under the SALCOS program, Salzgitter’s carbon-based blast
furnace route will gradually be replaced from the middle of this
decade by direct reduction plants, initially operated by natural
gas and then with a steadily increasing proportion of hydrogen.
riotinto.com
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