Rio Tinto advances climate partnership with China Baowu Steel with US$10 million investment
Rio Tinto has committed to invest $10 million with the worlds largest steel producer China Baowu Steel Group over the next two years in low-carbon steelmaking projects and research.
- Rio Tinto has committed to invest $10 million with the worlds largest steel producer China Baowu Steel Group over the next two years in low-carbon steelmaking projects and research.
- This investment is the next step in advancing the partnership formed between Rio Tinto, China Baowu and Tsinghua University in 2019 to develop and implement new methods to reduce carbon emissions and improve environmental performance across the steel value chain.
- Rio Tinto chief executive J-S Jacques said "This investment with our partners at China Baowu is an important step in our climate partnership.
- The vision of China Baowu is to become a leader in the global steel industry, with a mission to build up a high-quality steel ecosphere together.