By Jeffrey T. Lewis

 

SÃO PAULO--Brazil's Vale SA said Thursday it signed a memorandum of understanding with Germany's SHS Stahl-Holding Saar GmbH & Co. KG to reduce the output of carbon during the steelmaking process.

SHS, a holding and management company for the steel industry in Germany's Saarland that carries out some tasks for steel product makers Saarstahl and Dillinger Hütte, will work with Vale on ways to make greater use of the iron-ore miner's green briquette product and its iron-ore pellets to directly reduce carbon emissions.

The two companies will also study the possibility of building a green briquette plant near SHS's facilities, Vale said.

Vale is the world's biggest producer of iron ore, and it has been working to reduce carbon emissions both from its own operations and from those of its customers. Its green briquette product cuts energy use and reduces emissions of greenhouse gases by eliminating some steps in the steelmaking process.

 

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

 

(END) Dow Jones Newswires

October 06, 2022 08:55 ET (12:55 GMT)

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