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Vale and Saudi Arabia move to giant mega hub for green steel

Vale has signed an agreement with the Royal Jubail and Yanbu Commission for the establishment of a giant Mega Center for the production of green steel in Ras Al-Khair Industrial City. The project will have an annual production capacity of 12 million tons of cold-pressed iron ore and will contribute to sustainable mining.

Vale and Saudi Arabia move to giant mega hub for green steel

Reinforcing its leadership in sustainable mining, Vale has signed a land reservation agreement with Saudi Arabia's Royal Jubail and Yanbu Commission to build a major Mega Center in Ras Al-Khair Industrial City. The project will be implemented in two phases and will have the capacity to produce 12 million tons of cold-pressed iron ore annually. The center will accelerate the company's ambitions for net zero steel production, an important step towards becoming a pioneer in green steel production.

Rogério Nogueira, Vale's Executive Vice President of Commercial and New Business, emphasized that the agreement is an important milestone not only for Vale, but also for the future of the steel industry in the Middle East. The Khair Mega Center will focus on reducing environmental impact and creating economic value by combining advanced technology and sustainable practices.

The facility in Ras Al-Khair is planned as a hub where Vale will increase its collaboration with steelmakers and other industry stakeholders in the Middle East, supplying high-quality iron ore and contributing to the development of the regional green steelmaking ecosystem. With this project, Vale will support its goal of reducing net scope 3 emissions by 15% by 2035. It also aims to reduce its own scope 1 and 2 emissions by 33% by 2030.

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