Vale invests US$ 185 million in an iron ore compound that pollutes 10% less

This Thursday (Sept. 9) Vale announced the launch of the “green briquette”, a compound made up of iron ore and a technological solution of binders, which could reduce greenhouse gas emissions during the production of steel for its customers by up to 10%.

The mining company says it will invest US$ 185 million to convert two pellet plants at the Tubarão Unit, in Vitória (ES), and to construct a new plant at the Vargem Grande Complex, in Minas Gerais, for the production of the product. The initial capacity will be seven million tons per year beginning in 2023.

According to Vale, the reduction occurs because the “green briquette” allows the steel producer to reduce dependence on sintering, a process prior to steel production in which there is an agglomeration of iron ore fines.

The new product is included in Vale’s strategy of reducing its scope 3 emissions, which are related to the value chain, by 15% by 2035. In absolute numbers, the reduction commitment totals 90 million tons of carbon equivalent. Today, 98% of Vale’s total emissions are related to its chain of suppliers and customers.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/empresas/noticia/2021/09/09/vale-faz-investimento-de-us-185-milhes-em-composto-de-minrio-10-pontos-percentuais-menos- pollutant.ghtml

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