Brazilian mining company Vale has signed a memorandum of understanding with Swedish firm GreenIron to explore initiatives for decarbonising the mining industry supply chain in Brazil and Sweden.
Under the agreement, both companies will develop a feasibility study for a direct reduction facility in Brazil to be operated by GreenIron. The feasibility study will focus on selecting an appropriate site, along with assessing renewable energy and resource supply options. It will also explore the use of green hydrogen and other innovations to minimise the environmental impact of future operations.
Additionally, Vale will supply iron ore to GreenIron’s commercial operations in Sandviken, Sweden.
“This agreement brings together Vale’s superior product portfolio, Brazil’s competitive advantage on green hydrogen and GreenIron’s expertise on sustainable iron production to provide low-carbon solutions for the mining and metals industry”, says Rogério Nogueira, EVP of Commercial and New Business at Vale.
Edward Murray, CEO of GreenIron said, “By pooling our expertise and resources, we aim to innovate and develop projects that not only benefit both companies but also positively impact the environment and the communities in which we operate.”
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