"The MOU will enable the formation of a joint working group tasked with identifying a pathway to support the goal of reducing carbon emissions and improve environmental performance across the steel value chain. The working group will establish a joint action plan on how to best utilize the parties' complementary strengths in research and development, technologies, processes, equipment, logistics, industry coordination and policy advisory capacities to combat climate change and improve environmental performance."
World-wide, the steel industry produced 9 pct of the world's carbon emissions, according to the Rio Tinto a news release.
Rio Tinto notes it divested its coal assets last year. (Source: Rio Tinto, Xinhua, Kitco News, 26 Sept., 2019)
Contact: China Baowu Steel, www.baowugroup.com; Rio Tinto, www.riotinto.com
More Low-Carbon Energy News Rio Tinto , China Baowu Steel Group,