Inspenet, September 7, 2023.
Brazilian mining company Vale has revealed plans to provide biofuel blocks made from iron ore for green hydrogen production in Brazil and North America. This collaboration with H 2 Green Steel , a Swedish startup in the steel industry, involves the creation of industrial facilities that will use the briquettes produced by Vale, along with other renewable energy sources with the aim of reducing polluting emissions .
“With this partnership, Vale takes its first steps in the green hydrogen market. The initiative reinforces the company’s role as a promoter of the “neo-industrialization” of Brazil, which will be based on the low-carbon industry,” the company’s president, Eduardo Bartolomeo, said in a statement.
Vale and its biofuel
In these facilities, the mining company will assume the construction and operation of the briquette plants, which will provide the necessary material to feed the reactors that will be used in the production of sponge iron and other metals.
The miner, which will manufacture the briquettes through a low-temperature, high-quality iron ore agglomeration process, is currently developing its first plant in Vitória, in Espírito Santo state. This plant represents an investment of approximately 260 million dollars and is expected to start operating at the end of this year .
The use of briquettes is an important part of Vale’s strategy to reduce its carbon emissions by 33% by 2030 and achieve carbon neutrality by 2050. This ambitious plan will require an investment of between 4,000 and 6,000 million dollars.