Abu Dhabi Ports said in a statement on Wednesday that the iron production process at the industrial complex would largely take into account the decrease in carbon dioxide emissions.
An area of land will be allocated for the establishment of the industrial complex in Kizad, in addition to the development and management of a modern cargo handling facility at the port of Khalifa, capable of receiving “Valley Max” vessels, a capacity of up to 50 million tonnes of freight per year.
Abu Dhabi Ports Group will develop and manage infrastructure for transporting iron ore and finished products to and from Khalifa Port and Kizad, and will also explore opportunities for business cooperation with Valley to market and sell various under – products resulting from the manufacturing process in the United Arab Emirates and the region as a whole, according to the statement.
The MoU also includes cooperation in the maritime sector to explore opportunities for managing and operating huge commodity carriers, in addition to exploring other opportunities to strengthen the partnership between the two parties.
Captain Mohamed Juma Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group, said: “The UAE is committed to adopting all means to reduce carbon emissions, as well as supporting all efforts aimed at to leave a positive impact on the global environment. Signing this agreement with Vale reflects our commitment to sustainable goals. “.
Al Shamsi added: “Growth and sustainability are two sides of the same coin, and our cooperation with Valley represents a major step in our contribution to the implementation of the strategic initiative to achieve climate neutrality. ‘by 2050.”
Eduardo Bartolomeo, CEO of Vale, said: “We are delighted to seize this opportunity and build this complex in the United Arab Emirates, which occupies a strategic position thanks to which it contributes to leaving a positive impact which helps us to significantly reduce the reduction of carbon dioxide emissions. And our ability to spread this new idea of using low-carbon technology in the production of reduced iron (HBI) confirms the success of our products on a global scale.
The industrial park initiative contributes to Vale’s commitment to achieve a 15% reduction in net Scope 3 emissions by 2035. In addition, Vale aims to reduce Scope 1 emissions and 2 by 33% by 2030 and achieve carbon neutrality by 2050, in line with the Paris climate agreement and keeping pace with trends towards adopting sustainable mining.
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