Australian miner BHP Billiton has announced that it has signed a memorandum of understanding with Chinese steelmaker HBIS Group to deepen their strategic collaboration on decarbonizing the steel value chain.
With the new MOU, the parties will focus on further exploring opportunities to reduce greenhouse gas emissions at blast furnaces on a larger scale and continue to optimize the use of BHP’s Pilbara iron ores in commercial-scale DRI-EAF steel production. The companies will also implement assessment projects to track reduced greenhouse gas intensity through the value chain steps including with steel end-use partners and fostering technical talent and industry knowledge sharing.
In March last year, the companies signed an agreement for a demonstration of carbon capture and utilization technology at HBIS’s steelmaking operations in Hebei, as SteelOrbis previously reported.