Vale and GreenIron have signed a Memorandum of Understanding (MOU) to collaborate on innovative decarbonization initiatives in Brazil and Sweden. The partnership aims to advance the mining and metals supply chain’s sustainability by leveraging green hydrogen and low-carbon technologies.
Key Areas of Collaboration
- Feasibility Study for Direct Reduction Facility in Brazil:
- Both companies will explore the development of a direct reduction facility in Brazil, operated by GreenIron.
- The study will identify potential sites, assess renewable energy sources, and evaluate the use of green hydrogen to minimize environmental impacts.
- Supply of Vale’s Iron Ore to GreenIron in Sweden:
- Vale will supply iron ore agglomerates to GreenIron’s Sandviken facility in Sweden, where commercial operations are expected to scale up by 2025.
- Future tests will include Vale’s innovative iron ore briquettes, which have a lower CO₂ footprint compared to traditional pellets.
Sustainable Solutions for a Low-Carbon Future
GreenIron’s technology offers a flexible approach to feedstock and capacity while integrating seamlessly with green hydrogen. This partnership combines Vale’s superior iron ore products, Brazil’s renewable energy resources, and GreenIron’s expertise in sustainable iron production.
Rogério Nogueira, EVP of Commercial and New Business at Vale, stated:
“This agreement combines Vale’s product portfolio, Brazil’s competitive edge in green hydrogen, and GreenIron’s innovative solutions to deliver low-carbon options for the mining and metals industry. We are committed to supporting our clients’ decarbonization goals and driving Brazil’s new industrialization.”
Edward Murray, CEO of GreenIron, added:
“This MOU with Vale signifies a shared commitment to transform the mining and metals sector. By leveraging our expertise and aligning our resources, we aim to develop solutions that significantly reduce the industry’s climate footprint while positively impacting the environment and local communities.”
A Partnership Built on Progress
Over the past two years, Vale and GreenIron have collaborated to test iron ore pellets at GreenIron’s Swedish facilities. The partnership now expands to include innovative iron ore briquettes, further supporting the shared goal of a sustainable mining and metals ecosystem.
This partnership underscores both companies’ dedication to advancing decarbonization in heavy industries, paving the way for a greener, more sustainable future.
