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Steel & Metal
- China -

China Announces Low-Carbon Demonstration Projects

China's National Development and Reform Commission (NDRC) has identified the first list of low-carbon demonstration projects with advanced technology. Six of these projects are related to iron ore mining or steel production. Angang Mining Resources Utilization, a subsidiary of Anshan Iron & Steel, plans to process 24 million tons/year of iron ore tailings into 2.2 million tons/year of 65% iron ore concentrate. This is equivalent to the construction of a mining complex with an annual capacity of 8.5 million tons per year. Xinjiang Bayi Steel, HBIS, Tianjin Pipe, and Yongfeng Lingang Company have each selected one iron/steel project. Baotou Steel has a project to recycle slag using carbon capture, utilization, and storage (CCUS) technologies. In total, the list contains 47 initiatives. The NDRC will use funds from the central budget, local authorities, financial institutions, and social capital to support these projects. Local development and reform commissions will monitor whether the expected results are achieved. If the planned progress is not achieved and the corrections do not meet the requirements, the projects will be removed from the list.

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