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Australian iron ore major Fortescue Metals Group has signed a memorandum of understanding with Primetals Technologies, Mitsubishi Corporation and voestalpine to jointly evaluate a green ironmaking plant.
L-R: voestalpine's Dr Franz Androsch, voestalpine's Hubert Zajicek, FMG's Sara Edmonson, Primetals' Dr Etsuro Hirai and Primetals' Andreas Viehbock signed the deal on December 19
Using Primetals and voestalpine's technologies and FMG's iron ore, the target is to design an engineer a net-zero emission industrial-scale prototype plant for producing hydrogen-based hot metal.
Bankers warn that project could mean lower profits
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