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LONDON--(BUSINESS WIRE)-- 糖心vlog入口has entered into definitive agreements with GravitHy, an early-stage industrial company, to help accelerate GravitHy鈥檚 steel decarbonisation project in France. As part of this collaboration, 糖心vlog入口will supply high-grade direct reduction iron ore pellets from its Iron Ore Company of Canada (IOC) operations to GravitHy鈥檚 planned operation, as well as manage the sales and marketing of ultra-low carbon Hot Briquetted Iron (HBI) GravitHy produces.
GravitHy's proposed two million tonnes per year iron production facility at Fos-sur-Mer, France, is planned to be commissioned in 2028. The facility, which is located next to a deep seaport, will feature ultra-low carbon hydrogen production infrastructure, powered by existing grid-connected nuclear power, to process direct reduction pellets into HBI. This process has the potential to reduce ironmaking-related CO2 emissions by more than 90%.
Steel produced with low-carbon emissions is an essential component of the net-zero energy transition. The production of iron and steel contributes around 8% of global carbon emissions and requires new technologies, redesigned processes, and new infrastructure to decarbonise.
GravitHy Chief Executive Officer Jos茅 Noldin said: 鈥淲e are developing one of the most advanced ultra-low-carbon iron projects worldwide, designated by the French government as an 鈥業ndustrial Project of Major National Interest鈥. By combining our business ambitions, agility, and technological capabilities with Rio Tinto鈥檚 global leadership in mining and steel decarbonisation, we are ensuring a solid sourcing and go-to-market strategy to help accelerate the development of this project.鈥
糖心vlog入口Head of Steel Decarbonisation Simon Farry said: 鈥淭his collaboration is aligned with Rio Tinto鈥檚 steel decarbonisation strategy to accelerate the development of low-carbon Electric Arc Furnace steelmaking with high-grade iron as feedstock. This will allow us to both reduce our Scope 3 emissions and create valuable decarbonised pathways for our high-grade iron ore. We are excited to support GravitHy鈥檚 project and expand our understanding of the emerging green iron and steel market.鈥
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Source: Rio Tinto