Rio Tinto, BHP and BlueScope Steel tie up in Australian steel decarbonisation pilot.
👉 Rival miners $RIO.ASX (Rio Tinto Group) and $BHP.ASX (BHP Group Limited) said they would jointly investigate the development of a pilot project to decarbonise steelmaking that could be commissioned as early as 2027.
👉 Australia’s two largest iron ore producers and its biggest steelmaker, $BSL.AX, said in a joint statement the collaboration would look to develop and “potentially invest” in the country’s first ironmaking electric smelting furnace (ESF) pilot plant.
👉 If successful, it could help open a potential pathway to near-zero greenhouse gas emission-intensity operations for steelmakers that rely on Australian iron ore to meet global steel demand, the statement said.
👉 The production of steel, a key material for infrastructure and the net-zero energy transition, currently contributes around 8% of global carbon emissions. The announcement was made at BlueScope’s Port Kembla steelmaking operations 75 kilometres south of Sydney.
👉 Under a new framework agreement, Rio, BHP and BlueScope will consolidate the work each party has completed to date. The companies said they would assess several locations in Australia, the world’s top exporter of iron ore, for the proposed pilot facility.
👉 The pre-feasibility study work programme is expected to conclude at year-end. If approved, the pilot facility could be commissioned as early as 2027, they said. If successful, this would be the first partnership between the two global miners on a downstream project.
👉 One potential ambition for the project would be to make commercial quantities of “green iron” that could then be shipped to steelmakers in Asia, said Tania Archibald, CEO of BlueScope.
Read more âť“ www.mining.com/web/rio-tinto-bhp-tie-up-in-australian-steel-decarbonisation-pilot/
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