Vale selected by US Government to begin award negotiations for briquette plant
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Vale has informed that the US Government’s Department of Energy announced that Vale USA (a wholly-owned subsidiary of Vale) has been selected to begin award negotiations within for the Bipartisan Infrastructure Law and Inflation Reduction Act funding, as part of the Industrial Demonstrations Program.
Vale’s project envisages the development of an innovative iron ore briquette industrial facility in the US, the first in the world applying the proprietary cold-agglomeration process for briquettes customised for the direct reduction route.
Vale’s project was selected through a mechanism focused on spurring novel and innovative technologies that can demonstrate commercial-scale solutions to deliver significant emissions reductions in the hard-to-abate sectors. Award negotiations shall occur in mid-2024.
Announced by Vale in 2021, after almost 20 years of development in Vale’s technology centre in Minas Gerais, Brazil, the briquette is produced from the low-temperature agglomeration of high-quality iron ore using a technological solution of binders which give the final product high mechanical strength. The first plant in the world was inaugurated by Vale in 2023, in Vitória, Brazil.
The selection by the US Government Department of Energy represents a critical path for the validation of Vale’s proprietary cold-agglomeration technology, and its potential to deliver a transformative solution to decarbonise the steel sector, and highlights Vale’s and Brazil’s leadership in the development of decarbonisation solutions for the global steel industry.
Vale will negotiate an award for up to US$282.9 million for the US project and?looks to develop additional, customised facilities in Brazil and worldwide, to reach around 100 million tpy of agglomerates production by 2030, including iron ore briquettes and pellets.
The iron ore briquette contributes to achieving Vale’s commitment to reduce 15% of its scope 3 net emissions by 2035. The company also seeks to reduce its absolute scope 1 and 2 emissions by 33% by 2030 and achieve neutrality by 2050, in line with the Paris Agreement ambition.
Read the article online at: https://www.globalminingreview.com/mining/26032024/vale-selected-by-us-government-to-begin-award-negotiations-for-briquette-plant/
You might also like
Mining's Electric Revolution
Marc Melkonian, Aramine, France, considers the many benefits of adopting battery-powered vehicles for the mining industry’s future.