Coaltrans Virtual World Coal Leaders Network 2020TMS Webinar Series COVID-19: A Leadership Perspective - Spotlight on Offshore, Oil & GasBühler GmbHCleveland Cascades LtdCimbriaThe Wolfson Centre for Bulk Solids Handling Technology
  • Sailors Society
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Cimbria
  • China Coaltrans 2020
  • TOC Events
  • Bühler GmbH

BHP invests in emissions reduction company

(Posted on 16/03/19)

BHP has announced a US$6m equity investment in Carbon Engineering Ltd (CE), a Canadian-based company leading the development of Direct Air Capture, an innovative technology which has the potential to deliver large-scale negative emissions by removing carbon dioxide from the atmosphere. The investment will see BHP obtain a share of the company.

BHP’s Vice President, Sustainability and Climate Change, Fiona Wild said: “BHP is committed to accelerating the global response to climate change by investing in emerging technologies that have the potential to lead to material reductions in greenhouse gas emissions.”

“As the Intergovernmental Panel on Climate Change (IPCC) stated in late 2018, if we are to avoid the worst effects of climate change, technologies that capture and remove CO2 will be required. Direct Air Capture offers flexibility and potential, and could play a vital role in reducing future global emissions. We hope that this investment can accelerate the development and adoption of this technology.”

CE’s CEO, Steve Oldham, welcomed BHP’s investment. “At CE we’re focused on commercialising technologies that can play a critical role in addressing climate change. As we work to deploy our technologies at large scale around the world, we’re thrilled to welcome investment from industry-leading companies like BHP.”

“BHP’s global reach and experience in executing complex projects, as well as their strategic commitment to reducing emissions, make them an ideal partner to help us accelerate the commercialisation and use of CE’s technologies. We’re looking forward to working with BHP and our other partners as we progress the development of DAC and AIR TO FUELS™ facilities, and ultimately achieve our goal of delivering affordable, carbon-neutral fuels and significant emissions reductions around the globe,” said Mr Oldham.

“We know that investing in emerging technologies to reduce emissions is just one part of addressing climate change. At BHP, we also set greenhouse gas emissions reduction targets for our operations, we build the resilience of our operations and communities to the physical impacts of climate change and we work in partnership with our resource sector peers to improve sectoral performance,” said Dr Wild.

Latest News

Fertilizer industry “deeply touched” by Beirut explosion

(Posted on 10/08/20)

Last week’s explosions at the port of Beirut have deeply touched the world’s fertilizer... Read more


Rio Tinto publishes Juukan Gorge submission

(Posted on 10/08/20)

Rio Tinto has reiterated its determination to ensure that the destruction of heritage sites of exceptional... Read more


US waterways bill commended

(Posted on 31/07/20)

The National Grain and Feed Association (NGFA) has commended the US Congress for passing by a unanimous... Read more


Rusal completes smelter transition

(Posted on 31/07/20)

RUSAL, a leading global aluminium producer, has announced that its Krasnoyarsk Aluminium Smelter (KrAZ... Read more


Rio Tinto releases Q2 production results

(Posted on 22/07/20)

Rio Tinto has achieved a robust production performance with volumes up 1% compared with the second quarter... Read more


USA to digitise barge industry transactions

(Posted on 16/07/20)

The National Grain and Feed Association (NGFA) in the USA has announced its official partnership with... Read more


Fertilizer producers to aid hydrogen economy

(Posted on 16/07/20)

The European fertilizer industry has welcomed the EU Hydrogen Strategy and particularly the recognition... Read more


NZAS to wind-down operations

(Posted on 10/07/20)

Rio Tinto will start planning for the wind-down of operations and the eventual closure of New Zealand... Read more


Oyu Tolgoi mine confirms project schedule

(Posted on 06/07/20)

Oyu Tolgoi LLC has completed an updated feasibility study (OTFS20) and is in the process of submitting... Read more


Rusal publishes sustainability report

(Posted on 06/07/20)

RUSAL, a leading global aluminium producer, has published its annual Sustainability Report on the Hong... Read more


Port of StocktonTMS Awards 2020ViganSailors SocietyChina Coaltrans 2020TBA Group
  • Port of Vancouver USA
  • TMS Awards 2020
  • Coaltrans Virtual World Coal Leaders Network 2020
  • TMS Webinar Series COVID-19: A Leadership Perspective - Spotlight on Offshore, Oil & Gas

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping