BEIJING, July 29 (Reuters) - China COSCO Shipping signed a memorandum of understanding (MOU) on Monday with the world's No. 4 iron ore supplier, Fortescue (FMG) , to jointly develop technology to lower carbon emissions and build green fuel supply chain.
Both companies will also explore the construction and deployment of COSCO shipping vessels or jointly owned vessels using green ammonia as marine fuel to transport iron ore and other minerals to reduce carbon emissions in the China-Australia iron ore green shipping corridor.
News: FMG China's COSCO Shipping signs MOU with Fortescue to build green fuel supply chain
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