Rio Tinto to supply BMW low-carbon aluminum

Date:

While the partners did not indicate how much aluminum will be sent, they said the move could generate a reduction of up to 70% in CO2 emissions compared to the BMW Group’s benchmark for aluminum.

“By using innovative materials, we can reduce our vehicles’ carbon footprint,” said Joachim Post, BMW AG board member. “The agreement to supply low-carbon aluminium is based on several pillars: in addition to hydroelectric power and secondary material, we also want to lead the automotive industry by ramping up our use of aluminium with no direct CO2 emissions from the smelting process.” 

The companies have also agreed to work on deploying Rio Tinto’s blockchain sustainability solution for aluminum, START, launched in 2021.

The program aims to provide supply chain traceability to customers and consumers with information about provenance and environmental, social, and governance (ESG) standards.

“As global demand for…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...