BHP injects $6m into emissions reduction company

BHP (ASX:BHP), the world’s largest mining company, has invested $6 million in Carbon Engineering (CE), a Canadian start-up developing technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel.

The move is part of an increasing wave of significant investment by energy groups into the technology, known as direct air capture, which pulls carbon dioxide from the atmosphere by using chemicals and fans.

“Direct Air Capture offers flexibility and potential, and could play a vital role in reducing future global emissions,” the Vice President, Sustainability and Climate Change, Fiona Wild said in the statement. “We hope that this investment can accelerate the development and adoption of this technology.”

She noted said the investment in CE complements BHP’s existing efforts to accelerate the development of carbon capture, utilization and storage (CCUS) at point sources of CO2 emissions, such as in steel making and power generation.

BHP is not the first big name to bet on CE, a Bill Gates-backed company based in Squamish, British Columbia. In January, Oil majors Chevron and Occidental Petroleum bought a minority stake in the firm.

News No: 3841
Date: 2019/03/05 - 15:55
News Source: MINING.COM

BHP  emissions reduction  mining  CE  CCUS 


Leave a Comment:


India: Silico Manganese Prices Corrects In Durgapur

Indian Silico Manganese prices fall in Durgapur amid moderate demand. However, in Raipur, prices remained the same as compared to the previous week. Demand in the domestic market remains lackluster.

Global Billet Market Overview: Week 23, 2019

This week global billet market remained silent amid Eid holidays. Even the post festivity is not expected to defeat the weak billet export market sentiments, amid weakening global scrap prices. Imported scrap prices in Turkey have inched down in absence of trades. SteelMint’s assessment for US origin HMS (80:20) is at USD 300/MT, CFR towards weekend.

New Energy to acquire project near Codelco’s and BHP’s mines in Chile

Canada's New Energy Metals (TSXV: ENRG) announced that it entered into a letter of intent with certain arm’s length vendors to be granted the exclusive right and option to acquire an initial 70% royalty-free interest in and to certain exploration and exploitation mineral concessions known as the “Exploradora North project.”

DeepGreen closer to mining battery metals from the sea after $150m injection

Canada’s DeepGreen Metals, a start-up planning to extract cobalt and other battery metals from small rocks covering the seafloor, has secured the bulk of the $150 million it needs to carry out its first feasibility studies.

Fire at Petroleum Products Warehouse Extinguished

Afire broke that broke out at a petroleum storing facility in Shahid Rajaee port in southern Hormozgan Province on Wednesday has been extinguished.

India: What is in Store for New Steel Minister ?

The new steel minister Dharmendra Pradhan has his task cut out. Right from reining in the rising trend of imports to ensuring uninterrupted supply of iron ore and bank credit to the industry for capacity addition, the new minister will have a tough time in office, at least in the short to medium term.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners