HBIS and Vale Partner to Promote Steel Industry Decarbonisation Efforts

Politics ASIA, CHINA, ENERGY, HBIS, HBIS GROUP, INDUSTRY, INTERNATIONAL COOPERATION, LIU, LIU JIAN, MEXICO, NORTH AMERICA, RENEWABLE ENERGY, TECNORED, VALE, VALE VALE3 Clara Montgomery March 20, 2025

HBIS and Vale Partner to Promote Steel Industry Decarbonisation Efforts

HBIS Group and Vale have signed an MoU to enhance decarbonisation in the steel value chain. The collaboration focuses on low-carbon transition strategies and exploring the Tecnored furnace for waste treatment. Both companies aim for carbon neutrality by 2050 and seek breakthrough decarbonisation technologies.

The HBIS Group, a prominent Chinese steelmaker, has entered into a Memorandum of Understanding (MoU) with Vale, an iron ore mining leader, to enhance decarbonisation efforts in the steel industry. This collaboration aims to identify effective transition strategies while investigating the utility of the Tecnored furnace in processing solid waste and recovering valuable metals.

Liu Jian, chairman of HBIS, stated that this agreement signifies a cooperative initiative among two influential global enterprises focusing on the steel supply chain to combat climate change. Both companies aspire to achieve carbon neutrality by the year 2050, thus making significant strides toward sustainability.

Mr. Liu expressed a desire for the partners to investigate innovative decarbonisation technologies, which may include strategies like circular economy practices, hydrogen metallurgy, and carbon capture, utilisation, and storage (CCUS). The steel industry, accounting for an estimated 7% of global carbon dioxide emissions, necessitates collaborative efforts for a successful green transition.

The partnership between HBIS and Vale marks a significant commitment to advancing decarbonisation within the steel sector. By collaborating on innovative technologies and sustainable practices, both companies aim to contribute positively to the goal of carbon neutrality by 2050 and address the urgent need for environmental reform in the industry.

Original Source: www.tradingview.com