By Jaime Llinares Taboada
Anglo American PLC said Wednesday that it is partnering with Salzgitter AG to decarbonize the steelmaking industry.
The mining company has signed a memorandum of understanding with Salzgitter Flachstahl, the largest steel manufacturer subsidiary of Salzgitter, to explore ways to reduce carbon emissions in the industry.
They intend to conduct research into feed materials, including iron ore pellets and lump iron ores, suitable for use in direct reduction steelmaking based on natural gas and hydrogen. This is a significantly less carbon-intensive method than the conventionally used blast furnace process, Anglo American said.
Anglo American has a target to achieve carbon neutrality across its operations by 2040.
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(END) Dow Jones Newswires