BHP continues to make progress towards its decarbonisation goals
BHP has reported that throughout the December 2022 quarter BHP continued to make progress towards its decarbonisation targets and goals and supported efforts to reduce greenhouse gas (GHG) emissions across its value chain.
In October 2022, BHP entered into an agreement with ArcelorMittal, Mitsubishi Heavy Industries and Mitsubishi Development for a multi-year trial of carbon capture technology, which will involve a feasibility and design study to support progress to full scale deployment, and trials at two of ArcelorMittal’s steel plants.
In November 2022, BHP signed a renewable Power Purchase Agreement (PPA) with Neoen, which is expected to meet half of Olympic Dam’s electricity needs from the 2026 financial year, based on current forecast demand, and allow Olympic Dam to record a net zero emission position for the contracted volume of supply.
During the last quarter, BHP continued to progress a number of growth pathways to shape its de-carb portfolio toward future facing commodities and reduce its operational emissions.