Mining giant Fortescue accelerates towards carbon-free mining

Accustomed to provocative communication stunts in defense of the climate, Australian billionaire Andrew Forrest has struck again. At the end of September, the industrialist at the head of Fortescue – an iron mining giant which exported 192 million tonnes of ore and made $10 billion in profits before depreciation in 2023 – gave a big boost to the subject of the electric mine.

His group had just validated a gigantic order worth $2.8 billion with German equipment manufacturer Liebherr. While the electrification of mining machines remains at the pilot stage for most of its counterparts, Fortescue should acquire 360 ​​battery-powered autonomous dumpers, 55 excavators and 60 electric bulldozers by 2030.

A gradual rise in power

Of course, the group will start with trials and gradually build up strength. But its ambition is clearly stated: to reduce its direct emissions to zero by 2030, without compensation or carbon capture. For this, the electrification of its heavy machinery will go hand in hand with a battery locomotive, ammonia-powered ships… and forests of solar panels, stationary batteries and electrolysers next to its mines in the Pilbara.

There remains a crucial point: Fortescue’s direct emissions (2.72 million tonnes of CO2 in 2024) represent only a small percent of the group’s total carbon footprint, in which the coal used by its customers to transform the ore of iron in steel plays a disproportionate place! To achieve “true zero emissions” by 2040, Fortescue is looking to hydrogen and must find green steel production technologies suited to its low-iron ore. An even more complex challenge.

You are reading an article from L’Usine Nouvelle 3736 – November 2024
Read the summary

Source: www.usinenouvelle.com