Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex
  • Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada
  • Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations
  • Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras
  • Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets
  • Why Most Hydrogen Research Will Never Scale—and How Balkan Labs Are Quietly Changing the Game
  • E.ON Cancels 20MW Hydrogen Plant in Essen
  • Repsol Abandons 130MW Hydrogen Project in Puertollano Amid Economic and Technical Concerns
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Americas
Green Hydrogen H2 News

Rio Tinto, POSCO explore hydrogen-based iron making

Arnes BiogradlijaBy Arnes Biogradlija09/07/20212 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Rio Tinto intends to work with customers on steel decarbonization pathways, and the company has established a $1 billion fund to invest in climate-related projects.

The miner is investing in technologies that have the potential to reduce carbon intensity in steelmaking by at least 30% by 2030, or to deliver carbon-neutral steelmaking pathways by 2050, as well as zero-carbon aluminum.

Both Rio Tinto and POSCO have set a goal of achieving net zero carbon emissions by 2050, with Rio Tinto’s goal including emissions from shipping products.

“POSCO’s efforts to decarbonize will play a critical role in realizing the country’s recently announced goal of becoming carbon-neutral by 2050,” Rio Tinto said.

POSCO plans to become a competitive low-carbon steel producer by utilizing cutting-edge technologies such as Carbon Capture, Utilization, and Storage (CCUS) and hydrogen-based steelmaking.

POSCO estimates that 3.7 million mt of green hydrogen will be required per year to replace coal. It also intends to become a major hydrogen producer and supplier by 2050, producing 5 million mt of green hydrogen. To meet its goals, the steelmaker announced on March 2 that it will invest Won 10 billion ($8.7 million) in a hydrogen-for-steelmaking project.

In 2020, Rio Tinto will produce 333.4 million mt of iron ore, while POSCO will produce 45.3 million mt of crude steel and stainless steel.

Vale has been pursuing low-carbon ironmaking since July 2020, when it entered into a ‘heads of agreement’ with Japan’s Kobe Steel and Mitsui & Co. to form a new venture for the global supply of low-emissions metallics and steelmaking solutions. Midrex, a company that provides direct reduction iron technology, is owned by Kobe Steel. Vale has created Tecnored, a low-carbon pig iron process that uses biomass, syngas, and hydrogen to emit less carbon than met coke.

Vale, a major iron ore and nickel producer, aims to reduce Scope 3 emissions by 15% by 2035, compared to 2018 levels, by working to reduce emissions in steel production and its value chain. Vale claims that Scope 3 emissions account for 98 percent of its total emissions, with only a small contribution from its global mining operations.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil's Fawley Complex

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex

09/07/2025
Hydrogen

Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada

09/07/2025
Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

09/07/2025
Hyundai Hydrogen

Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras

09/07/2025
Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets

Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets

09/07/2025
Hydrogen

Why Most Hydrogen Research Will Never Scale—and How Balkan Labs Are Quietly Changing the Game

08/07/2025
Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil's Fawley Complex

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex

09/07/2025
Hydrogen

Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada

09/07/2025
Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

09/07/2025
Hyundai Hydrogen

Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras

09/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.