BRUSSELS--(BUSINESS WIRE)--Vale and Green Energy Park (GEP), an integrated European hydrogen company, have joined forces to deliver decarbonization solutions for the global steel sector. Through this partnership the companies will work on feasibility studies to develop a green hydrogen production facility to supply a future Mega Hub in Brazil, an industrial complex aimed at manufacturing low-carbon steel products. This joint initiative can provide an open platform for international partnerships in which global steel companies can source and produce hot-briquetted iron (HBI) in Brazil and accelerate the emerging low carbon steel industry.
Vale has been actively seeking partners to enable the construction of Mega Hubs in Brazil, aligned with its strategic objective to foster the country’s low-carbon industry. In these industrial hubs, Vale expects to produce iron ore agglomerates (pellets or briquettes), which will serve as an input to produce HBI (a low-carbon emission steel pre-material) with renewable hydrogen as the reducing agent. The agreement with GEP is another important step in this direction.
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