A Chinese company listed in the Fortune Global 500 for the past eight years, and home to more than 120,000 employees, will partner The University of Queensland in sustainable metals research.
Hebei Iron and Steel Group (HBIS) will invest A$5.25 million over the next five years in the HBIS-UQ Innovation Centre for Sustainable Steel (ICSS), based in Brisbane, Australia.
UQ President and Vice-Chancellor Professor Peter Høj flew to Shijiazhuang in China to formally consolidate the agreement with HBIS Chairman Mr Yong Yu.