.FortescueNews will invest $6.2billion to eliminate fossilfuel use at its ironore operations in the Pilbara by 2030 mining resources GreenEnergy renewables RenewableEnergy energy diesel
PERTH – Iron-ore major Fortescue has announced a $6.2-billion investment by 2030 to eliminate fossil fuel use and achieve real zero terrestrial emissions across its iron-ore operations.
The company told shareholders that studies were also under way to optimise the localised wind and solar resources.The investment is expected to generate a positive net present value through enabling the displacement of approximately 700-million litres of diesel and 15-million gigajoules of gas a year by 2030, as well as the associated reduction in carbon dioxide emissions.
“Fortescue, FFI and FMG, is moving at speed to transition into a global green metals, minerals, energy and technology company, capable of delivering not just green iron-ore but also the minerals, knowledge and technology critical to the energy transition. Fortescue has already made significant effort in decarbonising its iron-ore operations through its successful green fleet trials and innovation, acquisition of Williams Advanced Engineering , and its partnership with Liebherr in June this year.
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