Rio Tinto to Invest $215 Million in Low-Carbon Steelmaking R&D Facility

The new facility in Western Australia is expected to use raw biomass and microwave energy to convert iron ore to metallic iron in the steelmaking process.

A Rio Tinto sign is seen on a building in Perth, Western Australia, on March 18, 2024. Susan Mortimer/The Epoch Times

Rio Tinto said it will invest $215 million (US$143 million) to develop a research and development facility in Western Australia to assess the low-carbon-making process in support of the decarbonisation of the steel industry.

The new Biolman R&D facility is expected to rise in the Rockingham Strategic Area, south of Perth.