October 18, HBIS Chairman Yu Yong met TENOVA CEO Roberto Pancaldi in Milan, Italy and they agreed to explore new technologies and procedures in the green and low carbon development. HBIS Vice President Li Yiren, TENOVA Executive Vice President of Downstream Business Unit Antonio Catalano also attended in the meeting.

Mr.Yu Yong said TENOVA was a world-renowned technology company, had unique advantages in metal process design and the development of innovative technological solutions. During the construction of the world's first 1.2 million tons hydrogen metallurgy demonstration project of HBIS, TENOVA professional spirit, technical advantages and customer-centric service attitude demonstrated by the TENOVA team promoted the cooperation between the two sides to achieve a complete success. At present, China's steel industry is accelerating the promotion of green and low-carbon development and reducing carbon footprint with a positive attitude and actions. While continuously strengthening technological innovation, HBIS insists on working with global partners to reduce its carbon footprint. HBIS and TENOVA should further deepen the strategic partnership, focus on green low-carbon, energy utilization and other fields, jointly look for future cooperation opportunities and innovative projects, research and development and application of new technologies and new processes with promotion value, push the cooperation between the two sides to a new height, and promote the green, low-carbon and high-quality development of the industry.

Mr.Pancaldi said HBIS was a multinational industrial group with world brand influence, has continuously innovated and practiced in the field of green and low-carbon in recent years, continued to lead the green and low-carbon development of the industry, and has walked in the forefront of the world steel industry. The successful cooperation between TENOVA and HBIS in hydrogen metallurgy technology cannot be separated from the recognition and support by HBIS, which is a common achievement of both sides, and TENOVA is proud of it. At present, TENOVA focuses on the research and development and application of decarbonization technology, and has made full efforts in new technologies with broad prospects and new processes with more advantages. In the future, TENOVA and HBIS should further strengthen exchanges and discussions, actively explore new cooperation directions in the relatively mature market and the areas closely related to the circular economy, deeply explore potential cooperation space, and achieve win-win cooperation and common progress.

Directors of Capital Operation Department and DITH of HBIS, R&D Director, Head of Product Line, Environmental Technologies & Additive Manufacturing, Head of Proposal Department, Electric Arc and Ladle Furnaces Product Line of TENOVA were in the meeting.