BHP partners with steelmaker China Baowu on climate change
The five-year partnership will focus on the development of low carbon technologies and emission intensity reduction in integrated steelmaking. Carbon capture, use and storage in the steel sector will also be investigated at one of China Baowu’s production bases.
BHP’s investment will be funded under the US$400 million Climate Investment Program, set up last year to coordinate and prioritise projects, partnerships, R&D and venture investments to reduce Scope 1, 2 and 3 emissions, offsets and support development of technologies with the highest potential to impact change.
