Mexican steel producer Ternium and Brazilian miner Vale have signed an MOU on Aug 18 to develop low-carbon steel. Both companies will pursue opportunities to develop steelmaking solutions using Tecnored and HYL technologies.

 

Ternium and Vale will carry out economic feasibility studies of potential investments in the former’s iron ore briquetting plant in Brazil. The aim is to cut scope 1 and 2 emissions by 33pc until 2030 and achieve net-zero carbon goals by 2050.

 

Tecnored is a Vale subsidiary focused on developing a low carbon pig iron process through the use of low-intensity CO2 energy sources such as biomass and syn-gas. HYL is a low-carbon iron ore direct-reduction technology developed by Ternium in Mexico.

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