Iron ore giants unanimously actively carried out research in new energy-related fields and made asset allocation adjustments to meet the low-carbon development needs of the steel industry.
FMG has focused its low-carbon transition on the replacement of new energy sources. In order to achieve the company’s carbon emission reduction goals, FMG has specially established FFI (Future Industries Company) subsidiary to focus on the development of green electric energy, green hydrogen energy and green ammonia energy projects. Andrew Forester, Chairman of FMG, said: “FMG’s goal is to create both supply and demand markets for green hydrogen energy. Because of its high energy efficiency and no impact on the environment, green hydrogen energy and direct green electricity Energy has the potential to completely replace fossil fuels in the supply chain.”
In an online interview with a reporter from China Metallurgical News, FMG stated that the company is actively exploring the best solution for green hydrogen to effectively reduce carbon dioxide emissions in the steelmaking process through the research and development of green steel projects. Currently, the company’s related projects include the conversion of iron ore into green steel through electrochemical conversion under low temperature conditions. More importantly, the technology will directly use green hydrogen as a reducing agent to directly reduce iron ore.
Rio Tinto also announced in its latest financial performance report that it has decided to invest in the Jadal lithium borate project. Under the premise of obtaining all relevant approvals, permits and licenses, as well as the continued attention of the local community, the Serbian government and civil society, Rio Tinto has committed to invest US$2.4 billion to develop the project. After the project is put into operation, Rio Tinto will become the largest lithium ore producer in Europe, supporting more than 1 million electric vehicles every year.
In fact, Rio Tinto has already had an industrial layout in terms of low-carbon emission reduction. In 2018, Rio Tinto completed the divestiture of coal assets and became the only large international mining company that does not produce fossil fuels. In the same year, Rio Tinto, with the investment support of the Quebec Government of Canada and Apple, established an ElysisTM joint venture with Alcoa, which developed inert anode materials to reduce the use and consumption of carbon anode materials, thereby reducing carbon dioxide emissions.
BHP Billiton also disclosed in its latest financial performance report that the company will make a series of strategic adjustments to its asset portfolio and corporate structure, so that BHP Billiton can better provide essential resources for the sustainable growth and decarbonization of the world economy. support.