- Ternium S.A. (NYSE:TX) has signed a memorandum of understanding with Vale SA (NYSE:VALE) to pursue opportunities to develop steelmaking solutions focused on reducing CO2 emissions. The financial terms of the deal remain undisclosed.
- Ternium and Vale intend to develop economic feasibility studies of potential investments in an iron ore briquetting plant located at Ternium Brasil facility and plants to produce metallic products with low carbon footprint, using Tecnored, HYL, and other technologies for iron reduction.
- This initiative contributes to achieving Vale’s commitment to reduce 15% of net Scope 3 emissions by 2035.
- Price Action: TX shares are trading lower by 2.54% at $53.25, and VALE lower by 5.02% at $18.34 during the premarket session on Thursday.
Related Posts
Ethereum Miners Made $756M Revenue In Last Month Before Merge
As Ethereum (CRYPTO: ETH) mining nears its end, miners made over $750 million in revenue in the month of August.
DC Comics Offers An LGBTQ Robin (Sort Of)
Gotham City has become a lot more interesting lately as Robin seems to have taken a romantic interest in another man.
Orbital Energy Group Reports Strategic Reorganization Of Its Solar Unit
New Structure and Accomplished Executive Team Designed to Further Accelerate Solar Division's Efficiency and Profitability
HOUSTON, April 26, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG)