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Stock impact report

Rio Tinto’s BioIron™ proves successful for low-carbon iron-making

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Business Wire
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has proven the effectiveness of its low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany, and is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonise the steel value chain.The process, known as BioIron™, uses raw biomass instead of metallurgical coal as a reductant and microwave energy to convert Pilbara iron ore to metallic iron in the steelmaking process. BioIron™ has the potential to support near-zero CO2 steel-making, and can result in net negative emissions if linked with carbon capture and storage.Over the past 18 months, the process has been tested extensively in Germany by a project team from Rio Tinto, sustainable technology company Metso Outotec, and the University of Nottingham’s Microwave Process Engineering Group. Development work was conducted in a small-scale pilot plant using batches of 1,000 golf ball-s Show less Read more
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