March 20, 2025, HBIS and VALE signed a MOU focus on Steel Industry Value Chain Decarbonization in Beijing, which was a firm and practical implementation under the MOU on a Sustainable Mining Industry signed by Chinese and Brazilian government during a state visit of President Xi Jinping to Brazil in November 2024. The MOU between HBIS and VALE will deepen the collaboration on decarbonization and promote the green & low carbon development of steel industry.

HBIS Chairman Liu Jian and VALE CEO Gustavo Pimenta witnessed the signature of the MOU. HBIS Vice President Li Yiren and VALE Commerce and Development Executive Vice President Rogério Nogueira signed the MOU.

Mr. Liu Jian said VALE was an important strategic partner to HBIS in the globe with a long term and fruitful cooperation. The MOU on decaronaization in value chain of Steel industry is a joint effort of two major enterprises along the industrial chain to address the climate change, which is also a new chapter about value chain in decarbonization technology, and a collaborative development, remarks a new stage of both strategic cooperation. We hope both sides could leverage advantages, and commonly explore more breakthrough technology of decarbonization in furnace input material, recycling economy, and CCUS, and also find new path, now method in carbon asset management, so that we could do more for steel industry sustainable development.

Mr.Pimenta said HBIS was one of the most important clients for VALE. Over the years, both teams have been working together closely to develop decarbonization technologies in steel industry. VALE is glad to achieve this MOU with HBIS to deepen both’s collaboration in this area. VALE is always dedicated to providing high quality minerals and creative solutions to clients to support their decarbonization goal and at the same time looking to build industrial example project with clients, to make contribution for green industry ecology, and motivate green and low carbon development of steel industry, to assist the goal of “carbon peaking and carbon neutrality” and high quality development of China .

Within the MOU, the partners take same visions of decaronization in greenhouse gas emission during both business activities and will find the good solution in furnace input material during low carbon transition, and explore to use Tecnored furnace to manage solid waste and at the same time to extract valued metal from waste to achieve recycling pattern. Both sides will also cooperate in solutions in other areas of green and low carbon development.

HBIS International Trade Company and HBIS Strategic Research Institute executives and VALE executives were also in this ceremony.