Strong Foundation for Growth, Decarbonisation and Shareholder Returns slide image

Strong Foundation for Growth, Decarbonisation and Shareholder Returns

Climate and value chain: H2 2021 highlights - Carbfix partnership: to implement a technology for capturing carbon and permanently storing it underground at our ISAL aluminium smelter in Iceland. Department of Energy awarded $2.2m of funding to a Rio Tinto-led team to explore carbon storage potential at the Tamarack nickel joint venture in central Minnesota. MoU with BlueScope to research and design low emissions processes for the steel value chain, including iron ore processing, iron and steelmaking and related technologies. ELYSIS successfully produced aluminium without any direct greenhouse emissions at its Industrial Research and Development Center in Saguenay, Canada. Investment in Inobat Auto, a European-based battery technology and manufacturing company. This investment will support the completion of InoBat's research and development centre and pilot battery line. Launched the construction of the solar and wind power plant at QMM ilmenite mine operations in Fort Dauphin, in southern Madagascar. Purchased four battery-electric trains for use in the Pilbara, WA. Production is due to commence in 2023 ahead of initial trials in the Pilbara in early 2024. Partnership with Komatsu to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks. MoU with Caterpillar for the development of their zero-emissions autonomous haul trucks for use at one of our Western Australian mining operations. Partnership with Sumitomo to study the construction of a hydrogen pilot plant at our Yarwun alumina refinery in Gladstone, Queensland, and to explore the potential use of hydrogen at the refinery. Developed a new low-carbon steel process that aims to replace coking coal with sustainable plant biomass when converting iron ore fines into steel. Approval of a new solar farm and battery storage at Weipa QLD, that will more than triple the local electricity network's solar generation capacity. Rio Tinto ©2022, Rio Tinto, All Rights Reserved 44
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