Anglo American plc
Anglo American plc
11/05/2021 | Press release | Distributed by Public on 11/05/2021 02:02
Anglo American aims for carbon neutral shipping by 2040
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05 November, 2021
Anglo American has set an ambition to achieve carbon neutrality across its controlled ocean freight activities by 2040, with an interim 30% reduction in emissions by 2030. This ambition is aligned with the goals of Anglo American's Sustainable Mining Plan, which include achieving carbon neutral mining operations by 2040 and an ambition to reduce Scope 3 emissions by 50% by 2040.
Peter Whitcutt, CEO of Anglo American's Marketing business, said: "Connecting our customers with the metals and minerals they need in a way that is safe, efficient and sustainable is a key priority for us, so our ambition for carbon neutral controlled ocean freight is a natural extension of our commitment to be carbon neutral across our mining operations by 2040.
"Since establishing our shipping desk in 2012, we have built a diverse portfolio and today we transport more than 70 million tonnes of dry bulk products per year to our customers around the world. We are committed to playing an active role in accelerating the transition to a more sustainable shipping sector, a crucial component in our efforts to extend our positive impact beyond our mine sites. This ambition further cements that commitment and will help us shape a clearer path towards decarbonisation."
Anglo American has adopted high standards in vessel efficiency across its chartered fleet and is exploring a comprehensive framework of complementary sustainability measures, an approach that will be backed by regular and validated emissions performance reporting. Vessel retrofits, the use of voyage optimisation software, and support for technology development to help enable the switch from conventional fuel oil to sustainable marine fuels are all part of our efforts to decarbonise ocean freight activities.
In 2020, Anglo American announced the introduction of LNG-fuelled Capesize+ vessels to its chartered fleet, taking advantage of LNG's proven ability to incrementally decarbonise shipping. Anticipated environmental benefits include a c.35% reduction in carbon emissions compared to standard marine fuel, while also using new technology to eliminate the release of unburnt methane, or so-called "methane slip"
Anglo American is also participating in industry efforts to accelerate the development of alternative low-carbon and zero-carbon fuels. We conducted a successful trial using sustainable biofuel, converted from waste cooking oil and used to power a chartered Capesize ship, with the aim to operationalise biofuel into our marine fuel mix. We are also part of an industry consortium looking into the viability of green ammonia.
Recognising the potential of hydrogen in enabling a carbon neutral pathway for ocean freight, Anglo American recently joined forces with Hydrogenious Maritime AS, a joint venture between Hydrogenious LOHC Technologies, a portfolio company of AP Ventures, and Johannes Østensjø dy AS. The two companies will collaborate to explore the use of emission-free liquid organic hydrogen carrier (LOHC)-based applications on Anglo American's chartered fleet. Anglo American is also exploring opportunities to align its efforts on the development of zero carbon fuel for maritime operations to larger hydrogen supply chains in South Africa and Chile.
Partnering across industry to shape a more sustainable future
Anglo American recently joined more than 200 industry players as a signatory of the Call to Action for Shipping Decarbonisation, calling for decisive government action to enable full decarbonisation of international shipping by 2050.
A partner of the Global Maritime Forum, Anglo American was a founding signatory and an architect of the Sea Cargo Charter - created by some of the world's largest energy, agriculture, mining, and commodity trading companies. The aim of this group is to establish a standard methodology and reporting framework to allow charterers to measure and align their emissions from ocean transportation activities. Anglo American is also a signatory of the Getting to Zero Coalition, an alliance committed to getting commercially viable deep sea zero emission vessels powered by zero emission fuels into operation by 2030.
For further information, please contact:
| Media | Investors |
| UK | UK |
| James Wyatt-Tilby | Paul Galloway |
| Email: [email protected] | Email: [email protected] |
| Tel: +44 (0)20 7968 8759 | Tel: +44 (0)20 7968 8718 |
| Marcelo Esquivel | Juliet Newth |
| Email: [email protected] | Email: [email protected] |
| Tel: +44 (0)20 7968 8891 | Tel: +44 (0)20 7968 8830 |
| Katie Ryall | Michelle Jarman |
| Email: [email protected] | Email: [email protected] |
| Tel: +44 (0)20 7968 8935 | Tel: +44 (0)20 7968 1494 |
| South Africa | |
| Nevashnee Naicker | |
| Email: [email protected] | |
| Tel: +27 (0)11 638 3189 | |
| Sibusiso Tshabalala | |
| Email: [email protected] | |
| Tel: +27 (0)11 638 2175 |
Notes to editors:
Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers - safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel - with crop nutrients in development - we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people's lives.
AP Ventures
Established in 2018 with Anglo American Platinum as a cornerstone investor, AP Ventures is an independent venture capital firm with a focus on developing new technologies for the hydrogen value chain.
Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, those regarding Anglo American's financial position, business, acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations (including development plans and objectives relating to Anglo American's products, production forecasts and Ore Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations, are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
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Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will necessarily match or exceed its historical published earnings per share. Certain statistical and other information about Anglo American included in this document is sourced from publicly available third party sources. As such it has not been independently verified and presents the views of those third parties, but may not necessarily correspond to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect of, such information.