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Major Steelmakers Ink MOU to Cut Carbon Emissions (Int'l. Report)
Rio Tinto, China Baowu Steel Group
Date: 2019-09-30
London, UK-headquartered Anglo-Australian multinational metals and mining giant Rio Tinto and China Baowu Steel Group, one of the China's largest steel producers, are reporting a Memorandum of Understanding (MoU) to "develop and implement new methods to reduce carbon emissions."

"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,  

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