Australia-based iron ore miner Rio Tinto has announced that it has signed a memorandum of understanding with Chinese steelmaker Shougang Group to promote research, design and implementation of low-carbon solutions for the steel value chain.
The memorandum of understanding’s focus areas include low-carbon sintering technology, blast furnace and basic oxygen furnace optimization, and carbon capture and utilization.
Rio Tinto aims to reduce Scope 1 and Scope 2 carbon emissions by 15 percent by 2025, and by 50 percent by 2030.