Rio Tinto to Develop $143 Million BioIron™ Facility for Low-Carbon Steelmaking in Australia

Jun 4, 2024, 08:57 AM

Rio Tinto is set to develop a $143 million research and development facility in Western Australia to test its low-carbon steelmaking process, BioIron™. This initiative aims to transform an empty warehouse in Perth’s south into a state-of-the-art research facility. The BioIron™ process is designed to eliminate the need for cooking coal, significantly reducing emissions in the steel industry. This development highlights how new clean energy tech can help eliminate steel-industry emissions.