According to the official WeChat account of BHP Group, BHP and HBIS have recently signed a new Memorandum of Understanding (MOU) to further deepen their strategic cooperation in decarbonizing the steel value chain. Both parties plan to conduct larger scale experiments to verify the emission reduction potential of blast furnaces, enhance the industry influence of projects and technologies, and continuously optimize the application effect of BHP's medium and high-grade iron ore in the commercial scale direct reduction iron electric arc furnace steelmaking process. Both parties will also jointly promote the full lifecycle assessment project and collaborate with key value chain participants such as end application partners in the steel industry to comprehensively track and evaluate the actual effects of reducing greenhouse gas emissions intensity. In addition, the cultivation of technical experts and the sharing of industry knowledge will also become important aspects of cooperation between the two parties.