Rio Tinto to Invest $215 Million in Low-Carbon Steelmaking R&D Facility

Rio Tinto said it will invest $215 million (US$143 million) to develop a research and development facility in Western Australia to assess the low-carbon-making process in support of the decarbonisation of the steel industry.

The new Biolman R&D facility is expected to rise in the Rockingham Strategic Area, south of Perth.

The said facility is expected to use raw biomass and microwave energy to convert iron ore to metallic iron in the steelmaking process.

It will also include a pilot plant that will be 10 times bigger than its prototype in Germany, and it will be the first time for the process to be tested on a semi-industrial scale.

“The world needs low-carbon steel to reach net zero, and we are working to make this a reality by finding better ways to turn our Pilbara ores into steel,” said Rio Tinto Iron Ore Chief Executive Simon Trott.

Read Full Article Here
Rio_Tinto by jbdodane is licensed under flickr

Follow us

Read our latest news on any of these social networks!

Get latest news delivered daily!

We will send you breaking news right to your inbox


Have a tip? Let us know!

Recent Articles

...
Pentagon Funds Lab-Grown Meat Initiative

One contract will fund research for novel cell culture methods and military rations.

...
RFK Jr. Campaign Fundraising Slumps in May: Filings

The Kennedy campaign’s overall income dropped by nearly $14 million between April and May, according to federal disclosures.

...
567,000 Portable Chargers Sold at Costco Recalled After Reports of Fires

The recall followed two reports of residential fires involving the portable chargers.

...
Washington Gov. Jay Inslee stockpiles abortion pills in ‘resistance’ to potential second Trump presidency

This is despite Trump previously stating that he would leave the issue of abortion to the states.