Business
Anglo American sets carbon neutral goal of 2040 for ocean freight activities
Group recently conducted a successful trial using sustainable biofuel, converted from waste cooking oil from Singapore’s food and beverage industry.
Global mining company Anglo American on Friday (5 November) said it has set a carbon neutral target across its controlled ocean freight activities by 2040, with an interim 30% reduction in emissions by 2030.
“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,” says Peter Whitcutt, CEO of Anglo American’s Marketing business.
“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,” he adds.
“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.”
The ambition is aligned with the goals of the group’s Sustainable Mining Plan, which include achieving carbon-neutral mining operations by 2040 and an ambition to reduce emissions by 50% by 2040.
The company is exploring a range of complementary measures to drive more sustainable operations, and will complement the actions with regular 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, the group announced the introduction of LNG-fuelled Capesize+ vessels to its chartered fleet. The environmental benefits of using liquefied natural gas (LNG) include an estimated 35% reduction in carbon emissions compared to standard marine fuel, and the adoption of innovative technology to eliminate the release of unburned methane, or so-called “methane slip”.
Anglo American continues to work with industry partners to facilitate and accelerate the development of low-carbon and zero-carbon fuels.
Recently, the group conducted a successful trial using sustainable biofuel, converted from waste cooking oil from Singapore’s food and beverage industry, to power a chartered capesize ship.
They are also part of an industry consortium looking into the viability of green ammonia for maritime operations.
The group will also join forces with hydrogenous Maritime AS, a joint venture between hydrogenous LOHC Technologies, a portfolio company of AP Ventures, and Johannes Østensjø dy AS, with the aim to collaborate to explore the use of emission-free liquid organic hydrogen carrier (LOHC)-based applications on our chartered fleet.
Anglo American is a signatory of the Call to Action for Shipping Decarbonisation, asking governments to take decisive action to enable full decarbonisation of international shipping by 2050; a partner of the Global Maritime Forum; a founding signatory and an architect of the Sea Cargo Charter; and 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.
Photo credit: Anglo American
Published: 8 November, 2021
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