LONDON (dpa-AFX) - Rio Tinto has entered into definitive agreements with GravitHy to help accelerate GravitHy's steel decarbonisation project in France. Rio Tinto will supply high-grade direct reduction iron ore pellets from its Iron Ore Company of Canada operations to GravitHy's planned operation, as well as manage the sales and marketing of ultra-low carbon Hot Briquetted Iron GravitHy produces.
Rio Tinto Head of Steel Decarbonisation Simon Farry said: 'This collaboration is aligned with Rio Tinto's steel decarbonisation strategy to accelerate the development of low-carbon Electric Arc Furnace steelmaking with high-grade iron as feedstock. This will allow us to both reduce our Scope 3 emissions and create valuable decarbonised pathways for our high-grade iron ore.'
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