Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Rio Tinto plc
  6. News
  7. Summary
    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Rio Tinto : and ARENA to study using hydrogen to reduce carbon emissions in alumina refining

06/15/2021 | 06:01pm EDT

Rio Tinto has partnered with the Australian Renewable Energy Agency (ARENA) to study whether hydrogen can replace natural gas in alumina refineries to reduce emissions.

Rio Tinto will conduct a $1.2 million feasibility study, equally funded with ARENA through a $580,000 grant, into using clean hydrogen to replace natural gas in the calcination process of refining at the Yarwun aumina refinery in Gladstone.

The study program includes work to be done at Rio Tinto’s Bundoora Technical Development Centre in Melbourne, where Rio Tinto’s in-house development capability has now been extended to hydrogen.

ARENA CEO Darren Miller said “If we can replace fossil fuels with clean hydrogen in the refining process for alumina, this will reduce emissions in the energy and emissions intensive refining stage of the aluminium supply chain. Exploring these new clean energy technologies and methods is a crucial step towards producing green aluminium.

“This study will investigate a potential technology that can contribute to the decarbonisation of the Australian alumina industry. If successful, the technical and commercial lessons from Rio Tinto’s study could lead to the implementation of hydrogen calcination technology, not only in Australia, but also internationally.”

Rio Tinto Aluminium Pacific Operations acting managing director Daniel van der Westhuizen said “We see the ARENA and Rio Tinto-funded study as a step towards reducing refinery emissions and one that has the potential to play an important part in Rio Tinto’s commitment to decarbonisation.

“We’re investing in work that needs to be done, not only to decarbonise one of our sites, but also to help provide a lower-emissions pathway for Rio Tinto and the global aluminium industry.

“We recognise we are on a long road towards reducing emissions across our operations and there is clearly more work to be done. But projects such as this are an important part of helping us get there.”

The study comprises two distinct work packages:

  • Preliminary engineering and design study conducted to understand the construction and operational requirements of a potential demonstration project at the Yarwun alumina refinery.
  • Simulating the calcination process using a lab scale reactor at the Bundoora Technical Development Centre.

Once complete, the study will inform the viability of a potential demonstration project. Rio Tinto has lodged patents for the hydrogen calcination process.

Rio Tinto is aiming to reach net zero emissions across its operations by 2050. Across the company, it is targeting a 15% reduction in absolute emissions and a 30% reduction in emissions intensity by 2030, from a 2018 baseline.


ę Business Wire 2021
All news about RIO TINTO PLC
03:30aRIO TINTO : and Komatsu partnering for zero-emission mining
BU
12:35aIRON ORE MINERS ARE AWASH WITH CASH, : Russell
RE
08/01Rio Tinto readies to ship trial lithium plant to Serbia
RE
07/30European ADRs Drop Nearly 0.5% as Miners, Drillers Lag
MT
07/30RIO TINTO : Combined Slides & Scripts
PU
07/30London Shares Drop as Miners, Oil, Airlines, Intertek Fall
DJ
07/30Glencore ups expectations for FY trading, lowers nickel, coal
RE
07/29Australia shares edge lower as tech stocks weigh, Origin Energy top loser
RE
07/29RIO TINTO : Miner Turquoise Hill's profit beats on strong output, metal prices
RE
07/29Miner Turquoise Hill's quarterly profit up over 33%
RE
More news
Financials (USD)
Sales 2021 67 104 M - -
Net income 2021 24 559 M - -
Net cash 2021 4 506 M - -
P/E ratio 2021 5,66x
Yield 2021 13,7%
Capitalization 36 291 M 36 313 M -
EV / Sales 2021 0,47x
EV / Sales 2022 0,60x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO PLC
Duration : Period :
Rio Tinto plc Technical Analysis Chart | RIO | GB0007188757 | MarketScreener
Technical analysis trends RIO TINTO PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Last Close Price 84,79 $
Average target price 90,14 $
Spread / Average Target 6,31%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
RIO TINTO PLC11.54%36 313
BHP GROUP26.07%115 752
ANGLO AMERICAN PLC31.59%54 960
GRUPO MÉXICO, S.A.B. DE C.V.8.43%35 766
SAUDI ARABIAN MINING COMPANY (MA'ADEN)70.62%22 937
TECK RESOURCES LIMITED23.29%12 207