07:00 AM EST, 11/15/2024 (MT Newswires) -- Rio Tinto (RIO) said Friday that it has entered into definitive agreements with GravitHy to help accelerate its steel decarbonization project in France. Financial details were not disclosed.

Rio will supply high-grade direct reduction iron ore pellets from its Iron Ore Company of Canada operations to GravitHy's proposed two million tonnes per year iron production facility at Fos-sur-Mer, France, which is planned to be commissioned in 2028.

The company said it will also manage the sales and marketing of ultra-low carbon hot briquetted iron produced by GravitHy.