According to AI News, recently, Hebei Iron and Steel and BHP Billiton signed a memorandum of understanding on decarbonization cooperation in the steel industry value chain in Beijing. According to the new memorandum of understanding, both parties plan to conduct larger scale experiments to verify the emission reduction potential of blast furnaces and hydrogen metallurgy technologies, and enhance the industry influence of related projects and technologies. Both parties will continuously optimize the application effect of iron ore in the direct reduction iron electric arc furnace steelmaking process, jointly promote the full life cycle assessment project, and comprehensively track and evaluate the actual effect of reducing greenhouse gas emission intensity. In addition, the cultivation of technical talents and the sharing of industry knowledge will also become a focus of cooperation to support best practices that align with the climate vision and accelerate the implementation of technology solutions with potential for large-scale applications.