Rio Tinto to Work With Canadian Government. to Decarbonize RTFT Operations
October 11 2022 - 4:20PM
Dow Jones News
By Stephen Nakrosis
Rio Tinto said it would work with the government of Canada to
decarbonize its Rio Tinto Fer et Titane operations in Sorel-Tracy,
Quebec.
Rio Tinto said it would invest up to $737 million Canadian
dollars ($537 million) and will "position the business as a center
of excellence for critical minerals processing." The government of
Canada will invest up to C$222 million over the next eight years to
support the initiatives.
"The partnership will support technological innovations that
represent a first step towards reducing greenhouse gas emissions
from RTFT's titanium dioxide, steel and metal powders business by
up to 70%," according to Rio Tinto.
The partnership will support projects including a BlueSmelting
project, which is "an ilmenite smelting technology that could
generate 95% less greenhouse gas emissions than the facility's
current reduction process," Rio Tinto said. Other projects being
supported include increased scandium production and adding titanium
metal to the portfolio, Rio Tinto said.
The company said the Rio Tinto Fer et Titane operations have
been processing ore from northern Quebec for more than 70
years.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 11, 2022 16:05 ET (20:05 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Rio Tinto (ASX:RIO)
Historical Stock Chart
From Dec 2024 to Jan 2025
Rio Tinto (ASX:RIO)
Historical Stock Chart
From Jan 2024 to Jan 2025
