Chen derong, chairman of China Baowu, said the low-carbon transformation of global steel needs the active participation and action of Chinese enterprises.China's steel output accounts for 50% of the world's. China's huge production capacity can provide sufficient market demand and application scenarios for global steel low-carbon process and technological innovation, and guarantee the maximization of benefits of green technology innovation.
At a recent meeting of the executive board of the world iron and steel association in monterrey, Mexico, China's Baowu proposed the establishment of a "global alliance for green and low-carbon metallurgy".China Baowu is willing to invest in green innovation resources on a large scale -- setting up a low-carbon metallurgy innovation research center and a low-carbon metallurgy technology innovation fund to support the global green and low-carbon metallurgy alliance, Chen said.
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