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Ports & Vale Lead Low-Carbon Movement | |
| Sumita Pawar |
AD Ports Group, a UAE-based port operator, has signed a memorandum of understanding (MoU) with Brazil’s Vale to establish a low-carbon mega hub in Abu Dhabi for industrial complexes that produce steelmaking products.
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The hub aims to reduce carbon emissions and will include a handling facility at Khalifa Port with the capacity to accommodate Valemax vessels, conveyor infrastructure to transport iron ore and finished products, and exploration of commercial collaboration on by-products of the manufacturing process.
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Speaking about the agreement, Captain Mohamed Juma Al Shamisi, Managing Director and CEO of AD Ports Group, said, "The UAE is committed to not only finding ways to reduce carbon emissions but also to supporting all efforts to positively affect the global environment. This signing with Vale represents our commitment to the sustainable objectives set out by the visionary leadership of the UAE.
"Growth and sustainability must go hand in hand; our collaboration with Vale signifies a key step in our contribution towards meeting the UAE Net Zero 2050 strategic initiative."
The agreement also includes a maritime collaboration to explore opportunities related to the management and operation of very large ore carriers.
The initiative contributes to Vale’s commitment to reduce 15% of net Scope 3 emissions by 2035 and to reduce its absolute Scope 1 and 2 emissions by 33% by 2030.
Eduardo Bartolomeo, the CEO of Vale, said, "We are encouraged by this opportunity to build a mega hub in the UAE, a country that is strategically positioned to positively influence our drive to significantly reduce CO2 emissions around the globe. Our ability to leverage this new concept of using low-carbon technology in the production of hot briquetted iron (HBI) signals the success of our products globally."