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BHP and China Baowu Steel join forces to shrink carbon footprint

Aussie mining company will help develop green tech for Baowu mills

BHP will help develop technology to reduce carbon emissions from iron ore processing.   © Reuters

SYDNEY -- Australian mining heavyweight BHP has agreed with China Baowu Steel Group to develop technologies for lowering greenhouse gases, with plans to spend up to $35 million under a five-year partnership.

When a blast furnace uses coal-derived coke to extract iron from ore, large quantities of carbon dioxide are released. To limit this, BHP and Baowu will research and develop technologies for carbon capture, utilization and storage. Carbon dioxide from Baowu steel mills could be sequestered underground, for example.

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