{"id":77640,"date":"2023-05-25T01:00:12","date_gmt":"2023-05-25T01:00:12","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/25\/ad-ports-and-brazils-vale-ink-an-agreement-to-develop-a-mega-low-carbon-steel-hub\/"},"modified":"2023-05-25T01:00:12","modified_gmt":"2023-05-25T01:00:12","slug":"ad-ports-and-brazils-vale-ink-an-agreement-to-develop-a-mega-low-carbon-steel-hub","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/25\/ad-ports-and-brazils-vale-ink-an-agreement-to-develop-a-mega-low-carbon-steel-hub\/","title":{"rendered":"AD Ports and Brazil\u2019s Vale ink an agreement to develop a mega low-carbon steel hub"},"content":{"rendered":"

<\/a> Brazil\u2019s Vale, UAE\u2019s AD Ports to establish a hub for low-carbon steel materials: <\/strong>The UAE\u2019s AD<\/a>Por<\/a>ts Group<\/a> and Brazilian mining firm Vale<\/a> have inked an MoU to develop a mega steelmaking hub in Khalifa Economic Zones Abu Dhabi<\/a> (Kezad) to source materials essential to low-carbon steel production for Abu Dhabi steel manufacturing sector, according to a statement<\/a>. Kezad would allocate land and related services to support Vale and AD\u2019s planned project under the agreement, the statement notes. The timeline, production capacity, and price tag of the integrated industrial complex were not disclosed.<\/p>\n

The facility:<\/strong> Vale and AD Ports\u2019 hub in Kezad will produce low-carbon products for the steelmaking industry for both local and overseas markets, the statement said.<\/p>\n

What they said: <\/strong>\u201cWe are encouraged by this opportunity to build a mega hub in the UAE, a country which is strategically positioned to positively influence our drive to significantly reduce CO2 emissions around the globe. Our ability to leverage this new concept of using low-carbon technology in the production of hot briquetted iron (HBI) signals the success of our products globally,\u201d Vale CEO Eduardo Bartolomeo said in the statement.<\/p>\n

Vale is also expanding its operations in Oman:<\/strong> The Brazilian firm \u2014 which in February<\/a> signed an agreement to repurchase its 30% stake in Vale Oman from Omani state-owned energy investment company OQ \u2014 finalized a land reservation agreement with the Port of Duqm Company for three production plants that will source materials essential to Oman\u2019s low-carbon steel making industry this week<\/a>. The three production facilities will secure materials critical to green steel production including hot briquette iron (HBI) \u2014 which is60% less carbon-intensive<\/a> than conventional materials when produced using natgas \u2014 and direct reduced iron.<\/p>\n

And KSA may be getting a Vale iron ore production hub:<\/strong> Vale signed an MoU with Saudi Arabia\u2019s National Industrial Development Center back in November<\/a> to study establishing a USD 1.1 bn iron ore pellet mega hub producing some 4 mn tons of iron ore pellets annually in KSA\u2019s Ras Al-Khair industrial zone.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brazil\u2019s Vale, UAE\u2019s AD Ports to establish a hub for low-carbon steel materials: The UAE\u2019s ADPorts Group and Brazilian mining firm Vale have inked an MoU to develop a mega steelmaking hub in Khalifa Economic Zones Abu Dhabi (Kezad) to source materials essential to low-carbon steel production for Abu Dhabi steel manufacturing sector, according to […]<\/p>\n","protected":false},"author":1,"featured_media":77641,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[257],"tags":[706,74,11,92,88,159,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-decarbonization","tag-brazil","tag-decarbonization","tag-enterpriseclimate","tag-oman","tag-renewables","tag-saudi-arabia","tag-uae","wpautop","entry"],"acf":{"mongo_id":"b0e5e40b-441c-4267-adc4-36adb1603e19","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1923.jpg","photo_position":"above","related_issue":[77633],"teaser":"","voice_url":""},"yoast_head":"\nAD 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