Excerpt from Rio Tinto's guide to climate changeRead into this what you will but certianly suggest that the scope of business that PYR is working on with Rio Tinto goes beyond Iro pelletization, exiting times.
Excerpt as follows
Our decarbonisation strategy is described on pages 23-33 of our climate change report. This quantifies the main sources of Scope 1 & 2 emissions and identifies the short-, medium- and long-term actions needed to reach our ambition to achieve net zero emissions by 2050 and our 2030 targets. The report also highlights the actual and committed spend of over $140m in 2020 on mitigation projects and R&D (out of the $1bn expected for climaterelated spend over five years 2020-24). At the Group-level, the two most important decarbonisation levers between now and 2030 are: 1. To continue switching the electricity we generate and purchase to renewables, and 2. To optimise processing plants in our alumina and minerals businesses and start trialling new technologies to reduce emissions from the use of coal and natural gas for process heat. In the longer term, we will need to continue the shift to low-carbon power and decarbonise heat at our alumina refineries and minerals processing facilities. Our Processing Centre of Excellence is particularly focused on technologies like hydrogen or plasma torches, which can use renewable energy, and which may provide a pathway to replace fossil fuels for heat and steam. We will also need to address emissions from the use of anodes in our aluminium smelters. We established the ELYSIS partnership in 2018 with Alcoa and with support from Apple and the governments of Canada and Quebec to develop the world’s first carbon-free aluminium smelting process, using inert anodes instead of carbon. Pages 35-45 of our climate change report quantifies the main categories of scope 3 emissions and explains our goals to work in partnerships across our value chain to reduce the carbon footprint.