Shanghai-based Baosteel Group has partnered with The University of Queensland, University of New South Wales, Monash University, and the University of Wollongong to establish the Baosteel-Australia Joint Research and Development Centre.

 

Baosteel is the third largest steel producer in the world, producing 44.5 million tons last year.


The Joint R&D Centre, which will be headquartered at UQ's St Lucia campus in Brisbane, will seek fundamental knowledge and develop exploitable technologies with commercial relevance to steel industry, and will focus on metallurgy and new materials, energy utilisation, environmental sustainability and other new technologies.


Baosteel will provide up to $25 million over five years for research and development projects at the centre.


Baosteel Group chairman Mr Lejiang Xu led a delegation of Baosteel executives to Australia for the signing of the agreement and attended the centre's launch at UQ.

 

“The Baosteel-Australia Joint Research and Development Centre is the first R&D Centre that Baosteel has set up overseas, so we regard it as a milestone.

“The Centre will provide Baosteel with technological support through high quality research projects, and it will explore a sustainable development route for the high carbon steel industry,” Mr Xu said.