Nippon Steel Corporation Signs Climate MOU
Nippon Steel Corporation. The steel producer has signed a Memorandum of Understanding (MoU) with Rio Tinto, a global mining and metals company, to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. The purpose of this partnership is to explore a breadth of technologies for decarburization of the entire steel value chain from iron ore mining to steelmaking, including integrating Rio Tinto's iron ore processing technology and Nippon Steel's steelmaking technology to establish an innovative steel manufacturing process with low carbon emissions. The partners have agreed to a partnership model in line with the long-term and complex nature of the transition to carbon neutrality for the steel industry. This model allows the partners to take a long-term view to enable the pursuit of new and promising technologies as the global steel transition evolves.
Tags : ALLIED Steel Nippon Steel Corporation Climate MOU Rio Tinto low-carbon emission