> Western Australia is in the running to host a green steel plant bankrolled by the world’s biggest steel maker, China Baowu Group.
> During talks with Trade Minister Don Farrell in Beijing, company chairman Chen Dorong said the availability of clean energy and ore made Western Australia ideal as a site for the new facility.
> The biggest buyer of Australian iron ore wants to decarbonise operations but is also eyeing West Africa, South America and Saudi Arabia as alternatives.
The largest resource companies are making commitments they regret, but are now tied to public statements and shareholders to meet:
Rio Tinto boss says he regrets ambitious emissions targets
> Rio Tinto boss Jakob Stausholm has admitted he regrets the company’s ambitious emission reduction targets, doubling down on comments about the feasibility of moving to renewable energy at the pace expected.
> “There have been a lot of strong statements made [about the energy transition], but I don’t think people have realised and accounted for the process of getting the land, the cultural clearings and then executing the project,” Stausholm told a business breakfast in Perth on Friday.
World’s biggest steel maker (based in China) eyes new green steel plant in WA (Western Australia)
https://www.watoday.com.au/national/western-australia/world-...
> Western Australia is in the running to host a green steel plant bankrolled by the world’s biggest steel maker, China Baowu Group.
> During talks with Trade Minister Don Farrell in Beijing, company chairman Chen Dorong said the availability of clean energy and ore made Western Australia ideal as a site for the new facility.
> The biggest buyer of Australian iron ore wants to decarbonise operations but is also eyeing West Africa, South America and Saudi Arabia as alternatives.
The largest resource companies are making commitments they regret, but are now tied to public statements and shareholders to meet:
Rio Tinto boss says he regrets ambitious emissions targets
https://www.watoday.com.au/national/western-australia/rio-ti...
> Rio Tinto boss Jakob Stausholm has admitted he regrets the company’s ambitious emission reduction targets, doubling down on comments about the feasibility of moving to renewable energy at the pace expected.
> “There have been a lot of strong statements made [about the energy transition], but I don’t think people have realised and accounted for the process of getting the land, the cultural clearings and then executing the project,” Stausholm told a business breakfast in Perth on Friday.