CBPM and Brazil Iron present investment of US$ 5.7 billion in Bahia

CBPM and Brazil Iron present Ferro Verde project to Bahian mayors and councilors

Bahia is advancing towards the transformation of the steel industry with the Green Iron Project, developed by the English company Brazil Iron under the consultancy of the Bahia Mineral Research Company (CBPM). On Tuesday (19), mayors and councilors of the municipalities involved participated in a meeting promoted by the state-owned company to learn about the details of the strategic venture, which combines technological innovation, sustainability and socioeconomic development.

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The event, held in the municipality of Piatã, was attended by the president of CBPM, Henrique Carballal, and the vice president of Institutional Relations of Brazil Iron, Emerson Souza, in addition to the local manager, Marcos Paulo; the mayor of Abaíra, Wellington Barbosa; and the mayor of Jussiape, José Luz. Also present were the deputy mayors and councilors of the municipalities; the special advisor to the Civil House, Marcelo Emerenciano; the former federal deputy and state president of Avante, Ronaldo Carletto; and state deputies Júnior Muniz, Niltinho, Fabíola Mansur and Eduardo Salles.

The project

With a total investment of US$ 5.7 billion in the state of Bahia, the project involves the processing of iron ore, the construction of a 120 km railway branch and the installation of steel plants, which is expected to generate more than 55 thousand direct and indirect jobs. In addition, the company has already invested R$ 1.7 billion in Bahia, an amount that is not included in the estimated capital for the project.
In addition to the economic impact, the project positions Bahia as a national reference in the production of green steel, strengthens the sector’s production chain and contributes decisively to the decarbonization of the Brazilian steel industry.

Sustainability and innovation

Considered an essential input for the transformation of the global steel industry, Green Iron consists of the production of Hot Briquetted Iron (HBI). The technology makes it possible to replace coal-fired furnaces, which are highly polluting, with electric furnaces, capable of reducing carbon dioxide emissions by up to 99%. The use of high-quality iron ore and 100% renewable energy places the project at the frontier of the sector’s energy transition.

The president of CBPM highlighted the impact of the project for Bahia. “The Green Iron Project places our state at the forefront of the energy transition in the steel industry. It is not just an economic investment, but a strategic step to generate jobs, boost technology and transform a mineral resource into a cutting-edge, sustainable and efficient industrial solution,” said Carballal.

Social responsibility

For Brazil Iron’s Vice President of Institutional Relations, the detailed presentation of the Green Iron Project to local managers reinforces the company’s commitment to transparent relations.

“Our commitment to the development of the region is to create a legacy that goes beyond investment. We believe that a successful project is built with dialogue and partnership. In the next steps, we will do the same with community leaders and the population, ensuring that everyone’s participation is the basis of our project,” said Souza.

Who also commented on the relevance of the project was the mayor of Piatã, who considered the initiative a “very important step climb to associate the economic potential of the mineral sector with the responsibility of fostering social and environmental development”.

“With this action, CBPM shows that it is possible to transform natural resources into a symbol of prosperity, always respecting the environment and the community, building a more sustainable future for Piatã”, added Marcos Paulo.

Publication source: CBPM e Brazil Iron apresentam investimento de US$ 5,7 bilhões na Bahia