A deal between Anglo American and Stanwell Corporation, the Queensland Government-owned provider of electricity and energy solutions, will effectively remove all Scope 2 emissions from Anglo American’s steelmaking coal business in Australia from 2025.
The ten-year partnership with Stanwell Corporation, will allow Anglo American to secure the supply of 100 per cent renewable electricity operations in Australia from 2025, supporting the company’s progress towards carbon neutral operations by 2040.
CEO of Anglo American in Australia, Dan van der Westhuizen, said, “Sourcing 100 per cent renewables supply from Stanwell Corporation, linked to two major wind and solar projects in Queensland, is a big step towards our target of carbon neutral operations in Australia – and globally – by 2040.
“We are committed to playing our part to help combat climate change, including accelerating a number of technologies to abate our on-site emissions, from electrifying our truck fleet and other mobile equipment to capturing the methane from our steelmaking coal seams.
“I am delighted that we are able to support Stanwell Corporation in its investment in 650MW of renewables capacity for Queensland.”
Mr van der Westhuizen said the deal brings significant environmental benefits and is NPV positive compared with the company’s current energy mix, while also representing a large investment in renewable energy generation for Queensland.
The partnership between Anglo American and Stanwell underwrites investment in the two major Queensland renewable energy projects – Clarke Creek Wind Farm in Central Queensland, and Blue Grass Solar Farm near Chinchilla.
Anglo American’s Group Director of Corporate Relations and Sustainable Impact, Anik Michaud, said the company is working tirelessly across its global footprint to reduce emissions.
“Many of the metals and minerals we produce are critical to the infrastructure and technologies required to decarbonise the world’s energy and transport systems – and this includes the ingredients needed for steelmaking.
“Our commitment to being part of the solution to climate change begins in our own business by meeting our emissions reduction targets and our 2040 operational carbon neutrality goal.
“Combined with the agreements we already have in place for all our South America operations, from 2025 we expect to be drawing 60 per cent of our global electricity requirements from renewable sources, transforming our Scope 2 emissions profile.”
