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Fortescue Sets Carbon Neutral Goals for Mining Industry

Chris Bolt

April 5, 2021
Featured image for Fortescue Sets Carbon Neutral Goals for Mining Industry article

I have to admit, the last place I thought I’d hear major announcements for carbon-neutral goals is in the iron ore mining industry. But Australia’s Fortescue Metals Group has set an aggressive target.

The world’s fourth-largest iron ore miner had already put a carbon neutral target in place for 2040, but they have brought this forward to a much more aggressive 2030.

It looks like the primary solution for this industry is hydrogen, and Yahoo News has reported why. 

“Green hydrogen is a zero-carbon fuel made by using renewable power to split water into hydrogen and oxygen. It is increasingly promoted as a way to decarbonise emissions-intensive heavy industry and long haul transport.”

Fortescue has a project to produce enough green hydrogen to replace 1 billion liters of diesel fuel each year. This is mainly going to help switch heavy machinery and vehicles to clean energy sources. 

It gets a bit more complicated when it comes to metallurgical furnaces, but one of the company’s chairman, Andrew Forrest, believes there won’t be any coal-fired furnaces left in the next few decades. 

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