Vale signed a Memorandum of Understanding (MoU) with the Port of Açu in order to study the development of a Mega Hub at the port located in São João da Barra in the state of Rio de Janeiro, Brazil to produce hot briquetted iron (HBI) using the direct reduction route.
The Mega Hub will initially receive pellets from Vale and could, in the future, include an iron ore briquette plant at the site to supply the direct reduction route at the industrial complex.
According to the agreement, both...