It was reported that Ternium, one of the largest steelmakers in Latin America, and Vale, the world’s largest miner, have signed a memorandum of understanding (MoU) agreeing to seek opportunities to develop steelmaking solutions focused on reducing CO2 emissions.
Possible investments include an iron ore briquetting plant located at the Ternium’s Brazil facilities and plants for the manufacture of low carbon footprint metal products, using Tecnored, HYL, and other iron reduction technologies.
This initiative contributes to achieving Vale’s commitment to reduce net CO2 emissions by 15% by 2035. In addition, Vale seeks to reduce its absolute emissions by 33% by 2030 and reach neutrality by 2050.
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