Anglo American and Salzgitter Flachstahl Sign MoU to Advance Green Steel

Global mining company Anglo American, and German steel producer, Salzgitter Flachstahl, signed a Memorandum of Understanding to jointly investigate the optimization of high-grade iron ore supplies for direct reduction (DR) plants to replace blast furnace facilities and reduce carbon emissions in steel production.

The companies will conduct research into the raw properties, treatment processes and logistics of feed materials, such as iron ore pellets and lump iron ores, which are used in DR steelmaking, a lower-carbon process that utilizes natural gas and hydrogen. Anglo American produces lump iron ore concentrates at its operations in South Africa through its Kumba Iron Ore subsidiary, the largest iron ore producer in Africa.

As one of the largest global contributors to CO2 emissions, the steel making industry has seen development in technologies that reduce its carbon footprint. Anglo American has set targets to reduce greenhouse gas emissions across its operations and achieve carbon neutrality by 2040.

“While steel is a critical building block of our modern lives, and itself a critically needed material for the energy transition, the steel industry is a significant producer of carbon dioxide. That’s why we are committed to collaborating with industry-leading players like Salzgitter Flachstahl to develop strategies that capitalize on the premium quality properties of our products to help drive emissions reduction across the entire steelmaking sector,” stated Peter Whitcutt, CEO of Anglo American’s Marketing Business.

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Source: EnergyCapitalReport

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