Steelworkers stand at a furnace on the plant of German metal firm Salzgitter AG in Salzgitter, Germany March 2, 2020. REUTERS/Fabian Bimmer/File Photo
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June 7 (Reuters) – Global miner Rio Tinto (RIO.L), (RIO.AX) has teamed up with Salzgitter (SZGG.DE) to assess whether or not its iron ore merchandise can be utilized to produce carbon-free metal on the German steelmaker’s SALCOS green metal challenge, the businesses mentioned on Tuesday.
Under the settlement, they are going to discover whether or not Rio’s iron ore pellets, lump and fines from its mines in Canada and Australia can be utilized in the Salzgitter Low CO2 Steelmaking (SALCOS) challenge in Lower Saxony, Germany.
The settlement comes as Germany appears to pace up its collaboration for green hydrogen manufacturing with Australia as a part of its efforts to ditch fossil fuels, in addition to to doubtlessly feed the nation’s metal business. learn extra
Salzgitter, Germany’s second-largest steelmaker, is eyeing a nearly carbon-free metal manufacturing on the SALCOS challenge, whereas Rio Tinto, the world’s largest iron ore producer, has a objective of attaining web zero emissions by 2050.
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Reporting by Sameer Manekar in Bengaluru; Editing by Rashmi Aich
Our Standards: The Thomson Reuters Trust Principles.
Rio Tinto joins Germany’s Salzgitter to study using its iron ore in green steelmaking & More Latest News Update
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