Teck and SAAM Towage to Deploy Electric Tugs at Neptune Terminal
October 13 2022 - 10:30AM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) and SAAM Towage (“SAAM”) today announced an agreement to
deploy two electric tug boats at Neptune Terminal in Vancouver,
British Columbia (B.C.) in support of Teck’s climate goals, which
will mark the first electric tugs operating in Canada as a full
tugboat package for harbour assist and tug services.
Under the agreement, SAAM will furnish two ElectRA 2300 SX tugs
commencing operation during the second half of 2023 which are
expected to eliminate over 2,400 tonnes of GHG emissions each year.
In addition to emissions reductions, using electric tugs will also
reduce underwater noise, benefitting marine life in the
harbour.
“Working with SAAM Towage to further reduce the greenhouse gas
emissions associated with transportation of our products is another
step forward in achieving our climate goals and contributing to
global climate action,” said Jonathan Price, CEO, Teck.
“Collaborating with transportation providers to develop green
transportation corridors is part of our climate action strategy and
supports our goal of net zero emissions by 2050.”
“With Teck and Neptune Terminals, SAAM Towage has found value
aligned partners who want to drive sustainable environmental change
through innovation,” said Sander Bikkers, President, SAAM Towage
Canada. “This partnership is based on a shared commitment to do our
part to address the global challenge of climate change by reducing
our carbon footprint.”
The ElectRA Tugs are designed by Vancouver based Robert Allan
Ltd. (RAL) and will be built at Sanmar Shipyards in Turkey.
This announcement builds on Teck’s progress to work with
partners to reduce emissions across its supply chain and achieve a
40% reduction in shipping emission intensity by 2030.
Teck previously announced an agreement with Oldendorff
Carriers to employ energy efficient bulk carriers for shipments of
Teck steelmaking coal from the Port of Vancouver, reducing 45,000
tonnes of CO2 per year, equivalent to removing nearly 10,000
passenger vehicles from the road. Teck has also announced a pilot
of a fully electric on-highway transport truck to haul copper
concentrate between Teck’s Highland Valley Copper Operations in
south-central B.C. and a rail loading facility in Ashcroft,
B.C.
Teck’s climate action strategy also includes goals to reduce
carbon intensity across operations by 33% by 2030 and be a net-zero
operator by 2050. Click here to learn more about Teck’s approach to
taking action on climate change.
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Forward-Looking Statements This press release
contains certain forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and forward-looking information as defined in the Securities Act
(Ontario). The forward-looking statements relate to
expectations with respect to energy efficiency, the realized amount
of CO2 emissions reduction, and our long-term sustainability
strategy, including but not limited to our 2030 and 2050
goals. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements. The forward-looking statements in
this press release are based on assumptions regarding commodity
prices, general economic conditions and the performance of our
business, achievement of energy efficiency in line with
expectations, as well as our ability to achieve our climate goals
and the longer term impacts of those goals on our business, among
other matters. The foregoing list of assumptions is not exhaustive.
Factors that may cause actual results to vary include, but are not
limited to, changes in commodity prices or general economic
conditions, actual climate-change consequences, adequate technology
not being available on adequate terms, and changes in laws and
governmental regulations or enforcement thereof that impact our
operations or strategy. We assume no obligation to update
forward-looking statements except as required under securities
laws.
Further information concerning risks and uncertainties
associated with these forward-looking statements can be found in
our annual information form for the year ended December 31, 2020,
filed under our profile on SEDAR (www.sedar.com) and on EDGAR
(www.sec.gov) under cover of Form 40-F, as well as subsequent
filings under our profile.
About SAAM TowageBased in Chile, SAAM Towage is
a division of SAAM Group, the largest operator of towing services
in the Americas. It operates 80 tugboats in 13 countries, and has a
well established presence in British Columbia, including nine tugs
serving Vancouver’s Inner Harbour. SAAM Group is listed on Chile’s
Santiago Exchange, and is part of the Dow Jones Sustainability
Index Chile and DJSI MILA.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal, as well as investments in energy assets. Copper,
zinc and high-quality steelmaking coal are required for the
transition to a low-carbon world. Headquartered in Vancouver,
Canada, Teck’s shares are listed on the Toronto Stock Exchange
under the symbols TECK.A and TECK.B and the New York Stock Exchange
under the symbol TECK. Learn more about Teck
at www.teck.com or follow @TeckResources.
Investor Contact:Fraser PhillipsSenior Vice
President, Investor Relations & Strategic
Analysis604.699.4621fraser.phillips@teck.com
Media Contact:Chris Stannell Public Relations
Manager604.699.4368chris.stannell@teck.com
SAAM Towage Contact:Sander
Bikkersabikkers@saamtowage.comBus: 604.251.0214Mobile:
604.240.5754
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