Vale's Long Harbour nickel two-thirds less CO2 intensive than industry average

Valecha Engineering

01/11/2021 18:00

LONDON, Nov 1 (Reuters) - Vale's  VALE3.SA  high-quality
nickel produced at its Long Harbour operation in Canada emitted
about one third of the CO2  of the industry average, the
Brazilian miner said in a release on Monday.
    Nickel is a crucial ingredient for the lithium-ion
rechargeable batteries used to power electric vehicles, which
form an important plank of the energy transition away from
carbon.
    London-based Intertek Group, an inspection, product testing
and certification company, has lent independent third-party
assurance for the carbon footprint of nickel produced at Long
Harbour, Vale said.
    Long Harbour had a carbon footprint of 4.4 tonnes of CO2 per
tonne of nickel in 2020, compared with an industry average of 13
tonnes for high-quality or Class 1 nickel and 45 tonnes for
Class 2 or lower-quality nickel.
    Vale has pledged up to $6 billion to cut Scope 1 and Scope 2
carbon emissions by 33% by 2030 and Scope 3 emissions by 15% by
2035, as part of efforts to reach net zero emissions by 2050.
    Scope 1 emissions are those from a company's direct
operations, Scope 2 relates to the power a company uses for its
operations, and Scope 3 emissions are from the products it
sells.

 (Reporting by Pratima Desai; Editing by David Holmes)
 ((pratima.desai@thomsonreuters.com; +44 207 513 5681;))