You are here: Home > Steel News > Latest Steel News > Australian...

Australian companies collaborate on steel decarbonization

Monday, 12 February 2024 11:45:19 (GMT+3)   |   Istanbul
       

Australian miner BHP Billiton has announced that it has partnered with Australia-based miner Rio Tinto and Australian steelmaker BlueScope Steel to accelerate the decarbonization of steelmaking. The companies have agreed to jointly investigate the development of the country’s first ironmaking electric smelting furnace (ESF) pilot plant.

The collaboration aims to demonstrate that production of molten iron from Pilbara iron ores is feasible using renewable power when combined with direct reduced iron process technology. 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.

The parties will assess several locations in the country for the proposed facility, and will consider factors like supporting infrastructure, available workforce, access to target industry and supply chain partners, and suitability for operational trials. If the pre-feasibility study work program, which is expected to be concluded at the end of the year, is approved, the pilot facility could be commissioned as early as 2027.


Similar articles

Usiminas posts a net loss for Q2 2024

26 Jul | Steel News

Net profit increases sharply at Vale

26 Jul | Steel News

Daily iron ore prices CFR China - July 26, 2024

26 Jul | Scrap & Raw Materials

Ukraine’s Metinvest upgrades crushing plant at Central GOK

26 Jul | Steel News

Major steel and raw material futures prices in China – July 26, 2024 

26 Jul | Longs and Billet

Fortescue to increase investments in green hydrogen projects in FY 2024-25

26 Jul | Steel News

Australia’s Fenix Resources completes feasibility study for new iron ore mine

26 Jul | Steel News

IEEFA: Global iron ore market to face oversupply amid new capacities, weaker demand

26 Jul | Steel News

Iron ore falls below $100/mt CFR amid weak demand and high supply

25 Jul | Scrap & Raw Materials

India’s Bihar government approves auction of iron ore, limestone and nickel blocks

25 Jul | Steel News