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Rio Tinto Secures ARENA Support to Advance Decarbonisation Project
力拓力拓(US:RIO) ZACKS·2025-06-18 01:16

Key Takeaways Rio Tinto's NeoSmelt JV secured A$19.8M from ARENA to support its Western Australia pilot plant. The project targets lower-carbon ironmaking using Pilbara ore and BlueScope's ESF technology. NeoSmelt aims to cut CO2 emissions up to 80% versus blast furnaces, with hydrogen use planned post-launch.Rio Tinto Group (RIO) announced that its joint venture NeoSmelt secured Australian Renewable Energy Agency’s (“ARENA”) support for its planned Western Australian pilot plant.Details on RIO’s Joint Ve ...