Original article by Jeremiah Budin
The Cool Down – Page: Online : 16-Apr-24

Iron ore rivals BHP and Rio Tinto are collaborating on the development of an electric smelting furnace in Australia. They contend that the technology could reduce the carbon dioxide pollution intensity of steel-making by 80 per cent compared with standard blast furnaces. Steel is one of the world’s most widely-used construction materials, but current production methods generate massive amounts of greenhouse gases. The International Energy Agency has warned that the steel industry is currently not on track to meet the net-zero emissions target of 2050.

CORPORATES
BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, INTERNATIONAL ENERGY AGENCY