Chinese steelmaker, university sign MOU with Rio Tinto to lessen environmental impact. (Image: Rio Tinto)
CHINA – Rio Tinto has signed a memorandum of understanding with this country’s largest steel producer, China Baowu Steel Group, and Tsinghua University to develop and implement new methods to reduce carbon emissions and improve environmental performance in the iron ore and steel sector. The MOU was signed at the China International Steel and Raw Materials Conference held in Qingdao.
The partners will form a working group to outline the means to reduce carbon emissions across the steel value chain. Steelmaking accounts for between 7% and 9% of the world’s carbon emissions, as estimated by the World Steel Association in 2017.
Calling the partnership “pioneering”, Rio Tinto chief executive J-S Jacques said, “We are committed to partnering with our customers and others to find the most sustainable ways to produce, process and market [our products]. We are already doing this in aluminium and now, through this partnership, we will be doing it in the steel industry.”
Learn more about Rio Tinto’s sustainability initiatives by clicking here or visit www.RioTinto.com.