Post by
ElanS2 on Mar 13, 2023 9:39pm
From March 7 NR "Outlook"
IOC's operator, Rio Tinto, is committed to reaching net zero emissions by 2050 and is targeting a 15% reduction in Scope 1 & 2 emissions by 2025 (from a 2018 baseline) and a 50% reduction by 2030. Approximately 75% of IOC's current GHG emissions come from pelletizing. In the shorter term, IOC is looking at ways to electrify its sources of heat to reduce emissions. This includes the introduction of the new electric boiler referred to above and the commencement of the pilot project to test the use of four new plasma torches in the pellet plant.
This is significant, not to be ignored/overlooked. These electric plasma torches are the future for all existing operators of bunker/fuel oil burners. Forget the environmental benefits, which are enormous, operating and maintenance cost reductions will pay for the torches. For those of you interested go to Pyrogenisis, PYR, and do some DD.
This is a step towards green steel.