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BHP And Mitsubishi Sign MOU To Reduce Greenhouse Gas Emissions

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(Kitco News) - BHP and Mitsubishi Development Pty Ltd signed a memorandum of agreement on Thursday to work together in the pursuit of emissions reductions, including from the life-cycle use of marketed products.

"BHP is committed to accelerating the development of emerging technologies that have the potential to achieve material reductions in greenhouse gas emissions," said BHP Chief Executive Officer, Andrew Mackenzie.

"Our new collaboration with Mitsubishi Development demonstrates the important role the private sector can play in bringing these technologies to market."

BHP and Mitsubishi Development Pty Ltd are reviewing opportunities to undertake research, pilot new ideas, and develop and deploy new emissions reduction technologies.

BHP listed past low-emission investments:

  • Trials of light electric vehicles powered by lithium ion batteries in BHP's Olympic Dam underground fleet of light vehicles.

  • Participation in the Lakeland Battery Storage and Solar project featuring a 13MW solar PV installation with storage of 5MWhr in regional Queensland, Australia.

  • US$7.37 million three-year partnership with Peking University to identify barriers to Carbon Capture and Storage (CCS) deployment in the industrial sector, with a particular focus on the iron and steel industries.
  • C$20 million to establish the SaskPower CCS Knowledge Centre at the Boundary Dam project in Saskatchewan, Canada, the world's first commercial-scale CCS process on a coal-fired power plant.

  • US$6m equity investment in Canadian-based Carbon Engineering Ltd, leading the development of Direct Air Capture, an innovative technology with the potential to deliver large-scale negative emissions by removing carbon dioxide from the atmosphere.

  • In collaboration with Australia's national research agency, CSIRO, BHP is scoping a project designed to determine the viability of measuring fugitive methane emissions in near real time from open-cut coal mining environments.

Japan is BHP's second largest customer. Sales to Japan were US$4.7 billion in FY18, up 50% on the previous year.

BHP's partnership with Japan began in the 1960s when the company opened its first office in Tokyo in 1965. The first shipment of coal was sent in 1968 and the first shipment of iron ore in 1969.

Today, BHP supplies iron ore, coal, copper, nickel, uranium, LPG and LNG to our Japanese customers

Written with material from BHP Billiton news release.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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