Mining company Rio Tinto PLC plans to create another, larger, plant to process iron ore for subsequent steel smelting, operating on raw biomass instead of coking coal.
The decision was made after the success of the first pilot project implemented in Germany, writes MarketWatch. The project has been running for the past 18 months in conjunction with Finland’s Metso Outotec and the University of Nottingham.
“The results of the first test phase are very promising,” said Rio Tinto Chief Commercial Officer Alf Barrios.
The location of the new plant has not yet been selected.
The steel industry accounts for 8 percent of the world’s carbon dioxide emissions, MarketWatch noted. Creating yellow ore processing plants using biomass instead of coal would help Rio Tinto’s plans to reduce emissions.
BUILD, IRON ORE, PLANT, Rio Tinto, STEEL
