Strong Foundation for Growth, Decarbonisation and Shareholder Returns
io Tinto
Reipa
Rio
Decarbonising our
business and value chain*
Net zero by 2050 across our operations
Scope 1 and 2: 15% reduction by 2025, 50% by 2030
Scope 3: Engaging with iron ore and bauxite customers
Energy Development team established
-
Deploying renewables at scale, securing tenure
-
-
Working with key providers and using third parties
for renewable power
Disciplined on financing and use of our balance
sheet
Best
operator
Impeccable
ESG
credentials
Excel in
development
Social licence
Partnering with suppliers and industry
Purchased four electric locomotives from Wabtec
for piloting in Pilbara
MoU with CarbFix to use land in Iceland to develop
terminal for CO2 injection and mineralisation
InoBat investment: supporting the development of a
battery ecosystem in Europe
Developing technologies
-
ELYSIS™ produced aluminium without any direct
GHG emissions
Low-carbon research project using microwave
energy and sustainable biomass as a reductant
Canada green hydrogen based DRI
Partnering with customers, technology
companies, universities and alliances
BF optimisation: Baowu, Nippon Steel, POSCO,
BlueScope
Pilbara green hydrogen based DRI and melter:
BlueScope
-
Tsinghua University and Australian Universities
Rio Tinto
©2022, Rio Tinto, All Rights Reserved
*Refer to Appendix for details (slides 43-44)
DRI = Direct reduction iron, BF = Blast Furnace
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