Fortescue, the world’s fourth-largest supplier of iron ore, has announced a partnership with a subsidiary of China Baowu Steel Group, the world’s largest steel producer, to address the challenges of decarbonizing the global steel industry. The collaboration was formalized earlier this week through a memorandum of understanding, as confirmed by Fortescue on its official WeChat […]
The Industrial Transition Accelerator (ITA) has announced new partnerships with the governments of the UAE and Bahrain to expand its industrial decarbonization initiatives throughout the Middle East and North Africa (MENA) region, Zawya Reported. According to the report, This marks the ITA’s second focus region after the success of its Brazil program, launched in collaboration […]
Sweden– The European Commission announced the approval of a €128 million Swedish state aid initiative to support steelmaker SSAB’s project to decarbonize its steel production. The funding will facilitate the transition from coal-based steelmaking to electric arc furnace production using fossil-free energy sources. The grant will come from the EU’s Just Transition Fund, established in […]
