China-Australia relations: BHP makes another anti-pollution deal with major Chinese steel producer
- Newly signed memorandum of understanding will see US$15 million spent over three years on research to reduce harmful carbon emissions
- Partnership aims to support the Chinese steel industry’s role in achieving Beijing’s ambitions of becoming carbon neutral by 2060
Anglo-Australian miner BHP has signed its second carbon-emissions deal with Chinese steel mills in four months, as China’s top legislative body this week emphasised the importance of reducing harmful emissions.
BHP and HBIS Group, one of China’s largest steel mills, will prioritise the research on hydrogen-based direct reduction technology; the recycling and reuse of steelmaking slag; and the role of iron ore lump utilisation to help reduce emissions from ironmaking and steelmaking.
The partnership aims to support the Chinese steel industry’s role in achieving Beijing’s ambitions of becoming carbon neutral by 2060.
“The signing of the MOU fully demonstrates the two companies‘ commitment to creating a green and low-carbon future across the value chain, and a shared sense of responsibility to address climate change together,” said Yu Yong, chairman of the World Steel Association, and party secretary and chairman of HBIS Group.
