ArcelorMittal signs an MoU with SNIM

ArcelorMittal signed a non-binding Memorandum of Understanding with SNIM to evaluate the opportunity to jointly develop a pelletisation plant and a DRI production plant in Mauritania.
A pre-feasibility study will now be carried over the next four to six months to give better insight into the viability of the potential project which would take advantage of Mauritania’s potential for renewable electricity generation and green hydrogen production.
DRI produced using green hydrogen will be a vital metallic for transitioning the steel industry to net zero.

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