STOCKHOLM, April 4, 2023 /PRNewswire/ — H2 Green Steel and the world’s leading mining company Anglo-American have signed a memorandum of understanding to work together on value chains for low-carbon steelmaking.

The companies will investigate and test the use of high quality iron ore products Anglo-American Kumba mint in South Africa and Minas Rio in Brazilas feedstock for H2 Green Steel’s Direct Reduced Iron (DRI) production process at its Boden facility in the north Sweden. The ability to use lump iron could complement the iron pellets needed for DRI, thus increasing flexibility in H2 Green Steel’s production process.

“Working with industry leaders who share a vision for decarbonized steelmaking is central to our commitment to reducing emissions across our value chains. Our work with H2 Green Steel will focus on exploring ways in which high-quality, responsibly produced iron ore from our operations can be used as a feedstock for the Boden plant’s low-carbon production process, paving the way for a cleaner, more environmentally friendly way of producing steel – one of the Basic materials for the deployment of the energy transition infrastructure and for the ongoing global socio-economic development”, says Peter WhitcutCEO of Anglo-American marketing business.

Anglo-American has set a target of reducing its Scope 3 emissions by 50 percent by 2040 in 2021.

“Our goal is to decarbonise hard-to-reduce sectors and this is only possible with strong partnerships across the value chain with a real commitment to reducing Scope 1, 2 and 3 emissions. We are impressed Anglo-American Efforts to provide high-quality iron ore products to customers who focus on low-carbon iron and steelmaking, and we look forward to further cooperation with them, not only for our first green hydrogen integrated steel mill Sweden but for other future locations worldwide,” says Luisa OrreChief Procurement Officer, H2 Green Steel.

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