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Bloomberg – Vale ( VALE3 ) is considering building industrial complexes in the United States and Brazil as part of its efforts to produce “green” (sustainable) steel, a spokeswoman said Tuesday (29).
Vice President of Corporate and External Affairs Alexandre D’Ambrosio said the world’s second-largest producer of the steel-making raw material is looking at incentives from the U.S. Anti-Inflation Act initiative.
According to the proposal, Vale will also build briquetting plants that will feed third-party facilities at the same location. The process will use natural gas instead of coal-derived coke, thereby reducing emissions. In the future, the gas may be replaced by green hydrogen. Vale is already using this model in the Middle East when seeking steelmakers for decarbonisation partnerships.
“Brazil would be a fantastic place to build mega hubs. We have plenty of renewable energy. We don’t even need incentives in Brazil until we produce green hydrogen,” he said. “US Promotes Green Hydrogen Production.”
See more at Bloomberg.com
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