Rio and BHP Take Next Step in Building ‘Green' Iron-Making Plant [Yahoo! Finance]
BLUESCOPE STL UNS/ADR NEW (BLSFY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
BlueScope Steel Ltd. to build Australia's largest electric iron-making furnace, a move they say may speed the decarbonization of steel production. Most Read from Bloomberg Hong Kong's Expat Party Hub Reshaped by Chinese Influx How California Sees the World, and Itself London's Tube Fares Are Set to Rise by 4.6% Next Year The pilot project at Kwinana near Perth will produce 30,000 to 40,000 tons of molten iron a year and will initially use natural gas and hydrogen supplied by new consortium partner Woodside Energy Group Ltd. to reduce iron ore to direct reduced iron (DRI), according to a joint statement from the companies. Once operational, the project aims to use hydrogen to generate the power. The technology could reduce emissions by up to 80% if renewables and green hydrogen are used, the companies said in the statement. The project may help show iron ore sourced from the Pilbara region of Australia can be smeltered using an electric furnace replacing traditional blast
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- Is BlueScope Steel Limited's (ASX:BSL) Recent Stock Performance Influenced By Its Fundamentals In Any Way? [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing BlueScope Steel Limited (ASX:BSL) By 48%? [Yahoo! Finance]Yahoo! Finance
- BlueScope Steel (ASX:BSL) shareholders notch a 16% CAGR over 5 years, yet earnings have been shrinking [Yahoo! Finance]Yahoo! Finance