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    11/1/22

    •

    Business

    Vale signs agreements to develop Mega Hubs in the Middle East and provide decarbonization solutions for steelmaking

    Vale announces that it has signed three agreements with local authorities and clients to jointly study the feasibility of developing industrial complexes (Mega Hubs) in the Kingdom of Saudi Arabia, the United Arab Emirates and the Sultanate of Oman to produce low carbon footprint products to the steelmaking industry.

    The parties are seeking to cooperate in the development of these Mega Hubs to produce hot briquetted iron (HBI) and steel products to supply both the local and seaborne markets with significant reduction of CO2 emissions.

    The production of HBI using natural gas emits around 60%1 less CO2 than the pig iron production through the integrated BF-BoF route. In the future, the replacement of natural gas by hydrogen and the usage of renewable energy could totally eliminate carbon emissions.

    Vale is expected to build and operate concentration and briquetting plants within the hubs, providing secure supply of high-grade agglomerated products. Local parties are expected to promote the construction of the required logistics infrastructure. Investors and/or clients are expected to construct and operate the direct reduction plants and be off takers of HBI for either the export or domestic markets. These Mega Hubs shall supply different markets across the globe supporting the decarbonization of the steelmaking industry.

    Vale’s Chief Executive Officer Eduardo Bartolomeo said: “We are very pleased to announce these partnerships, which we believe will be key to support the decarbonization of the steelmaking industry. With this initiative Vale will guarantee the availability of high-grade agglomerated products and foster the expansion of the low carbon steel industry.”

    Marcello Spinelli, Vale’s Executive Vice President, Iron Ore, said: “We see a great potential in the direct reduction route, with the demand for these high-grade agglomerated products growing 100 Mt in the next 15-20 years. We shall structurally increase our supply of these highly valuable agglomerated products over the next years, improving the value of our product portfolio. We strongly believe that the Middle East, with its competitive energy prices, strategic location and entrepreneurial mindset, has a unique set of conditions to successfully develop these integrated hubs.”

    This initiative contributes to Vale’s commitment to reduce 15% of net scope 3 emissions by 2035. Additionally, Vale seeks to reduce its absolute scope 1 and 2 emissions by 33% by 2030 and achieve net zero by 2050, in line with the Paris Agreement, leading the evolution process towards sustainable mining.

    Green briquettes and the path to decarbonization

    Vale’s green briquettes were firstly announced last year after being developed for almost 20 years. The product was initially designed to replace direct charge and sinter products in the integrated blast furnace-basic oxygen furnace (BF-BoF) steelmaking route, potentially reducing carbon emissions up to 10%. Green briquettes can also be used in the direct reduction route (as in the Mega Hubs), offering an even “greener” option to the steelmaking sector.

    To this date Vale has signed agreements with more than 30 clients for the development of joint solutions to decarbonize the steel industry. These clients represent around 50% of the company’s scope 3 emissions.

    About agreements signed

    • On October 26th, 2022, Vale signed a Memorandum of Understanding (MoU) with the Saudi Arabia’s National Industrial Development Center (NIDC) to jointly study a Mega Hub development at Ras Al Khair Industrial City. Under the Ministry of Industry and Mineral Resources, the National Industrial Development Center (NIDC) is responsible for establishing the relationships with leading industrial organizations, driving the industrial development of the Kingdom of Saudi Arabia (KSA), being a reference and thought leader for the local industrial sector, supporting economic and technical leadership in the Kingdom.

    • On October 27th, 2022, Vale signed a Memorandum of Understanding (MoU) with the Emirates Steel Arkan (ESA) to jointly study a Mega Hub development at Khalifa Economic Zones Abu Dhabi (KEZAD). ESA is a public joint stock company and the UAE’s largest steel and building materials manufacturer. The Group supply the domestic and international markets with high-quality steel finished products including wire rods, rebars, heavy sections and sheet piles. Additionally, the Group produces premium cement, blocks, pipes, and dry mortar, creating a one-stop shop for the manufacturing and construction sectors. The Group plays a major role in contributing to the diversification of the UAE’s economy in line with the UAE Industrial Strategy ‘Operation 300bn’ and the Abu Dhabi Economic Vision 2030. Through SENAAT, Emirates Steel Arkan is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

    • On October 30th, 2022, Vale signed a Cooperation Memorandum with the Ministry of Commerce, Industry and Investment Promotion of the Sultanate of Oman to jointly study a Mega Hub development at Special Economic Zone at Duqm.

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----

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FTL stack trace ("~" means nesting-related):
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----
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    7<#function getDisplayPageUrl asset> 
    8    <#local 
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    11    /> 
    12    <#return baseViewURL?replace(themeDisplay.getURLPortal(), "")/> 
    13</#function> 
    14 
    15<#function getCategoryFilterEndpoint asset> 
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    18        pressTopicCategoryId = pressTopicCategory.getCategoryId() 
    19    /> 
    20    <#return  "/-/categories/" + pressTopicCategoryId /> 
    21</#function> 
    22 
    23<#function getDDMFormFieldsValue DDMFormFieldsReferencesMap DDMFormFieldValuesMap fieldReference> 
    24    <#local field = DDMFormFieldsReferencesMap[fieldReference].name /> 
    25    <#return DDMFormFieldValuesMap[field][0].getValue().getString(locale)!"" /> 
    26</#function> 
    27 
    28<#function getCustomDisplayPageDataAttr customDisplayPageJson categoryFilterEndpoint> 
    29    <#local 
    30        groupId = customDisplayPageJson.getLong("groupId") 
    31        uuid = customDisplayPageJson.getString("id") 
    32        privateLayout = customDisplayPageJson.getBoolean("privateLayout") 
    33    /> 
    34    <#local customDisplayPageDataAttr> 
    35        data-vale-custom-display-page='{"groupId":${groupId},"uuid":"${uuid}","privateLayout":${privateLayout?c}}' 
    36        data-vale-category-endpoint=${categoryFilterEndpoint} 
    37    </#local> 
    38    <#return customDisplayPageDataAttr/> 
    39</#function> 
    40 
    41<section class="vale-widget-imprensa-relacionadas bg-verde-vale" id="vale-widget-imprensa-relacionadas-${namespace}"> 
    42    <div class="fragment-container overflow-hidden"> 
    43        <div class="container"> 
    44            <div class="titulo d-flex justify-content-between mt-7 mb-5"> 
    45                <h2 class="text-amarelo-vale"> 
    46			            <@liferay.language key="press" /> 
    47                </h2> 
    48                <div class="d-none d-md-flex align-self-center justify-content-end"> 
    49                    <img 
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    52                        alt="button-prev" 
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    54                    <img 
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    60            </div> 
    61            <div class="swiper ${namespace} carrossel-card-branco-categoria"> 
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    68 
    69                                categoryFilterEndpoint = getCategoryFilterEndpoint(curEntry) 
    70 
    71                                DDMFormFieldValuesMap = assetRenderer.getDDMFormValuesReader().getDDMFormValues().getDDMFormFieldValuesMap() 
    72                                DDMFormFieldsReferencesMap = assetRenderer.article.DDMStructure.DDMForm.getDDMFormFieldsReferencesMap(true) 
    73 
    74                                customDisplayPageJsonString = getDDMFormFieldsValue(DDMFormFieldsReferencesMap, DDMFormFieldValuesMap, "customDisplayPage") 
    75                                customDisplayPageJson = jsonFactoryUtil.createJSONObject(customDisplayPageJsonString) 
    76 
    77                                hasCustomDisplayPage = customDisplayPageJson.getString("groupId")?has_content 
    78                                customDisplayPageDataAttr = hasCustomDisplayPage?then( 
    79                                    getCustomDisplayPageDataAttr(customDisplayPageJson, categoryFilterEndpoint), "") 
    80 
    81                                displayPageUrl = getDisplayPageUrl(curEntry) + categoryFilterEndpoint 
    82                            /> 
    83                            <div class="swiper-slide"> 
    84                            <a href="${displayPageUrl}" class="text-decoration-none" ${customDisplayPageDataAttr}> 
    85                                <div class="box d-flex flex-column justify-content-between p-3"> 
    86                                    <div> 
    87                                        <p class="text-verde-aqua mb-2"> 
    88                                            <#assign categories = curEntry.getCategories() /> 
    89                                            <#list categories as category> 
    90                                                <#if category.vocabularyId == pressTopicVocabularyId> 
    91                                                    ${category.name} 
    92                                                    <#break> 
    93                                                </#if> 
    94                                            </#list> 
    95                                        </p> 
    96                                        <p class="text-verde-vale"> 
    97                                            ${curEntry.getTitle(locale)} 
    98                                        </p> 
    99                                    </div> 
    100                                    <p class="text-cinza-escuro m-0"> 
    101                                        <#assign dataField = DDMFormFieldsReferencesMap['data'].name /> 
    102                                        <#assign data = DDMFormFieldValuesMap[dataField][0].getValue().getString(locale) /> 
    103                                        <#assign date_localized = dateUtil.formatDate("yyyy-MM-dd", data, locale)/> 
    104 
    105                                        ${date_localized} 
    106                                    </p> 
    107                                    <img  
    108                                        class="onda position-absolute" 
    109                                        src="${images_path}onda_verde" 
    110                                    /> 
    111                                </div> 
    112                            </a> 
    113                            </div> 
    114                        </#list> 
    115                    </#if> 
    116                </div> 
    117            </div> 
    118            <a  
    119                class="bg-amarelo-vale border-amarelo-vale btn btn-nm btn-primary mb-6"  
    120                href="${(locale == 'pt_BR')?then('/imprensa','/press-releases')}"  
    121                target="_blank" 
    122            > 
    123                <@liferay.language key="access-press-area" /> 
    124            </a> 
    125        </div> 
    126    </div> 
    127</section> 
    128 
    129<style> 
    130.vale-widget-imprensa-relacionadas .onda { 
    131    position: absolute; 
    132    bottom: 1.875rem; 
    133    right: -0.125rem; 
    134} 
    135 
    136.vale-widget-imprensa-relacionadas .box { 
    137    background-color: var(--branco); 
    138    border-left: 10px solid var(--amarelo-vale); 
    139    height: 14.6875rem; 
    140    margin-bottom: 2rem; 
    141} 
    142 
    143.vale-widget-imprensa-relacionadas p { 
    144    display: -webkit-box;  
    145    line-clamp: 4; 
    146    overflow: hidden; 
    147    -webkit-line-clamp: 4; 
    148    -webkit-box-orient: vertical; 
    149} 
    150 
    151@media screen and (min-width: 768px) { 
    152    .vale-widget-imprensa-relacionadas .box { 
    153        border-left: 20px solid var(--amarelo-vale); 
    154        height: 11.875rem; 
    155    } 
    156 
    157    .vale-widget-imprensa-relacionadas p { 
    158        line-clamp: 3; 
    159        -webkit-line-clamp: 3; 
    160    } 
    161} 
    162 
    163.vale-widget-imprensa-relacionadas .container { 
    164    overflow: visible; 
    165} 
    166 
    167.vale-widget-imprensa-relacionadas .swiper { 
    168    overflow: visible; 
    169} 
    170 
    171.vale-widget-imprensa-relacionadas .swiper-slide { 
    172    width: auto; 
    173} 
    174 
    175</style> 
    176 
    177<script> 
    178(function(){ 
    179 
    180var swiper = new Swiper(".${namespace}.carrossel-card-branco-categoria", { 
    181    slidesPerView: 1, 
    182    spaceBetween: 32, 
    183    navigation: { 
    184      nextEl: ".${namespace}.carrossel-card-branco-categoria-button-next", 
    185      prevEl: ".${namespace}.carrossel-card-branco-categoria-button-prev", 
    186      disabledClass: "disabled", 
    187      navigationDisabledClass: "disabled", 
    188    }, 
    189    pagination: { 
    190      clickable: true, 
    191    }, 
    192    slideClass: "swiper-slide", 
    193    breakpoints: { 
    194        768: { 
    195            slidesPerView: 2, 
    196        }, 
    197        1024: { 
    198            slidesPerView: 3, 
    199        }, 
    200    }, 
    201}); 
    202 
    203  // Tagueamento 
    204 
    205    const namespace = document.querySelector("#vale-widget-imprensa-relacionadas-${namespace}"); 
    206 
    207    const section = namespace.querySelector("h2").innerText; 
    208 
    209    const links =  namespace.querySelectorAll("a"); 
    210 
    211    const handleEventLinkClick = (title, href) => { 
    212      Analytics.track("Link", { 
    213          section: section, 
    214          rotulo: title + " : " + href, 
    215      }); 
    216    }; 
    217 
    218    links.forEach(link => { 
    219      const text = link.querySelector('p.text-verde-vale'); 
    220      const title = text ? text.innerText : ''; 
    221      link.addEventListener("click", () => handleEventLinkClick(title, link.href)) 
    222    }) 
    223 
    224    // Configurar URL de página de exibição dinâmica 
    225    const displayPageUrls = namespace.querySelectorAll('a[data-vale-custom-display-page]'); 
    226 
    227    displayPageUrls.forEach(displayPageUrl => { 
    228        const customDisplayPage = displayPageUrl.dataset["valeCustomDisplayPage"]; 
    229        const categoryEndpoint = displayPageUrl.dataset["valeCategoryEndpoint"]; 
    230        Liferay.Service( 
    231            '/layout/get-layout-by-uuid-and-group-id', 
    232            JSON.parse(customDisplayPage), 
    233            layout => { 
    234                const friendlyURL = layout["friendlyURL"]; 
    235                if (friendlyURL) { 
    236                    displayPageUrl.href = friendlyURL + categoryEndpoint; 
    237                } 
    238            } 
    239        ); 
    240    }) 
    241})() 
    242 
    243</script> 
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