RE:Installation of new equipment to begin in second half Re-reading the Rio Tinto news release:
https://www.riotinto.com/en/can/news/releases/2024/rio-tinto-ioc-and-government-of-canada-partner-to-decarbonize-iron-ore-processing-in-labrador-west Pay attention to the wording: "The company will install an electric boiler to displace emissions from the usage of the heavy fuel oil boilers, AS WELL AS (ie. in addition to) instrumentation and fuel-efficient burners to further reduce heavy fuel oil consumption from induration machines." Electric boiler is electric based NOT fuel based which must be plasma burners. This is obviously separate from fuel efficient burners... 2 separate distinct types of heat applications.
Thinkbigsti69 wrote: Mega contract very very soon.
(Reuters) - Rio Tinto said on Monday that the Canadian government had awarded it C$18 million ($13 million) to decarbonize iron ore processing in Labrador West.
The funding from the government's Low-Carbon Economy Fund will enable Rio Tinto's Iron Ore Company of Canada (IOC) to reduce the amount of heavy fuel oil that is used in the production of iron ore pellets and concentrate.
The government funding represents about 25% of the total cost of the project, with IOC funding the rest of the investment, Rio Tinto said.
Installation of new equipment will begin in the second half of the year and is expected to be completed in the first half of 2025.
One of the world's largest iron ore producers, Rio expects to reduce about 2.2 million tonnes of greenhouse gas emissions over the lifetime of the project.