USA: Rio Tinto enters into an agreement with BMW to provide hydro-produced aluminum
A leading global mining group, Rio Tinto has said it would supply BMW with aluminum it produces in Canada using hydroelectric power, lowering the auto manufacturer’s carbon footprint with respect to its procurement of the automotive metal.
In separate statements, the UK-based mining company and the German automaker announced that they had signed a memorandum of understanding (MOU) for Rio Tinto’s hydro-powered operations in Canada to provide a BMW production plant in Spartanburg, South Carolina, with an unspecified amount of aluminum starting in 2024 — a move that “could generate a reduction of up to 70% in CO2 emissions compared to the BMW Group’s benchmark for aluminum,” according to Rio Tinto.
“The agreement to supply low-carbon aluminium” is also aimed at “ramping up our use of aluminium with no direct CO2 emissions from the smelting process,” wrote Joachim Post, member of the Board of Management of BMW AG, which is responsible for its purchasing and supplier network.
Related Posts
Kenya Power’s Kalungu-Uvyu reflects on lessons from leading 11,000 employees
For Cecilia Kalungu-Uvyu, General Manager of Human Resources and Administration at Kenya Power, leading an organization of 11,000…
By
Ini Abimbola warns oversight failures in African corporate boardrooms
Many African boardrooms operate under a carefully managed illusion of oversight, according to governance and institutional reform advisor…
Afreximbank deepens support for Uganda’s new growth ambitions
The African Export-Import Bank (Afreximbank) is strengthening its partnership with Uganda as the country advances its Tenfold Growth…
Absa promotes Nivash Sewgobind to Head of Performance Analytics
Nivash Sewgobind has been promoted to Head of Performance Analytics & Business Partnering at Absa Group, marking a…
Gallery
