Rio Tinto Collaborates with GravitHy for Green Steel Project and Invests in Conservation in Madagascar
Key Ideas
  • Rio Tinto partners with GravitHy in France to commission a low-carbon hydrogen-powered iron production facility by 2028, aiming to reduce CO2 emissions by over 90%.
  • The collaboration aligns with Rio Tinto's goal to accelerate low-carbon steelmaking and reduce Scope 3 emissions, showcasing a commitment to sustainable practices.
  • Rio Tinto also invests $16 million in the Makira Natural Park REDD+ project in Madagascar to protect biodiversity and support sustainable agriculture in local communities.
  • The funding includes commitments to reassess deforestation baselines, monitor interventions, protect biodiversity, and empower local communities in conservation efforts.
Rio Tinto has entered into definitive agreements with GravitHy to fast-track a steel decarbonisation project in Fos-sur-Mer, France. The project involves a two million tonnes per annum iron production facility, set to be operational by 2028, featuring ultra-low carbon hydrogen production infrastructure powered by nuclear energy. This initiative aims to significantly reduce carbon dioxide emissions by more than 90%. Rio Tinto will supply high-grade direct reduction iron ore pellets and manage the marketing of ultra-low carbon HBI produced by GravitHy. The project is considered a major national interest by the French Government and demonstrates a strong commitment to green steelmaking. The article also highlights Rio Tinto's investment of $16 million in the Makira Natural Park REDD+ project in Madagascar. This project, in partnership with the Wildlife Conservation Society and Everland, aims to protect biodiversity, prevent deforestation, and support sustainable agriculture in local communities. The funding includes provisions for reassessing deforestation baselines, monitoring interventions, protecting threatened biodiversity, and empowering local communities. The commitment by Rio Tinto to both projects reflects a positive sentiment towards sustainable development, conservation efforts, and reducing carbon emissions in the steel industry.
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