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  • Presentation Rodrigo Araujo

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    Karthik Gutti
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    Vale is working to decarbonize its mining operations through several initiatives: 1) Committing to reduce scope 1 and 2 emissions by 33% by 2030 and achieve net zero by 2050, in part by increasing renewable energy usage. 2) Developing solutions like using bioenergy and green ammonia to reduce equipment emissions and electrifying operations where possible. 3) Partnering with customers in the steel industry to develop innovative lower-carbon products and processes like iron ore briquettes that can reduce emissions by 10-80%. 4) Setting a target to cut scope 3 emissions from the value chain by 15% by 2035 through portfolio optimization and decarbonization

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    Vale is working to decarbonize its mining operations through several initiatives: 1) Committing to reduce scope 1 and 2 emissions by 33% by 2030 and achieve net zero by 2050, in part by increasing renewable energy usage. 2) Developing solutions like using bioenergy and green ammonia to reduce equipment emissions and electrifying operations where possible. 3) Partnering with customers in the steel industry to develop innovative lower-carbon products and processes like iron ore briquettes that can reduce emissions by 10-80%. 4) Setting a target to cut scope 3 emissions from the value chain by 15% by 2035 through portfolio optimization and decarbonization

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    11 views17 pages

    Presentation Rodrigo Araujo

    Uploaded by

    Karthik Gutti
    Vale is working to decarbonize its mining operations through several initiatives: 1) Committing to reduce scope 1 and 2 emissions by 33% by 2030 and achieve net zero by 2050, in part by increasing renewable energy usage. 2) Developing solutions like using bioenergy and green ammonia to reduce equipment emissions and electrifying operations where possible. 3) Partnering with customers in the steel industry to develop innovative lower-carbon products and processes like iron ore briquettes that can reduce emissions by 10-80%. 4) Setting a target to cut scope 3 emissions from the value chain by 15% by 2035 through portfolio optimization and decarbonization

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    of 17

    Vale’s decarbonization journey

    We are on the path of the The demand for


    mining of the future clean steel
    production and
    investments in
    infrastructure for
    Global agreements set renewable energy is
    commitments to increasing.
    reduce climate change. 1

    2 We want to be a
    leader in sustainable
    mining by being a
    Our solutions support the more efficient and
    reduction of greenhouse more innovative
    gas (GHG) emissions 3 company.
    Decarbonization of the sector is crucial for sustainability
    of the planet
    Greenhouse Gas Emissions
    (Reference 2020) in Gton
    6 59
    8
    9
    12

    24

    Electricity Industry Agriculture Transportation Nature Total


    41% 15% 14% 10%
    20%

    ~5 Gt steelmaking ( 8%)
    Source: Speed and Scale John Doerr book - 59 gigatons of CO2 per year: UNEP and UNEP DTU Partnership. “UNEP Report – The emissions Gap Report 2020”
    Our commitments to
    decarbonization

    • Reduction of scope 1 and 2 emissions by


    33%* by 2030
    • 100% renewable energy in Brazil (2025)
    and globally by 2030
    • Reduction of net scope 3 emissions by
    15% by 2035
    • Net zero emissions in scope 1 and 2 by
    2050

    *2017 reference
    Scope 1: Direct emissions of owned or controlled sites

    Examples of alternatives

    Bioenergy

    Solutions in practice
    Ammonia/Hydrogen
    Initiatives to address the use of
    fuels in our equipment and
    locomotives and alternative New processes and products
    solutions to the heat sources
    used in operations.
    Example: biocarbon and bio-oil Electrification
    testing in pelletizing

    Energy Efficiency and Renewables


    Scope 1: Risks and opportunities management using marginal abatement
    cost curve
    Tech routes under evaluation

    Bioenergy

    Ammonia/Hydrogen

    New processes and products

    Electrification

    Energy Efficiency and


    Renewables

    Source: Vale Integrated Report 2022


    Scope 2: Emissions from purchased electricity generation

    Examples of alternatives

    Expansion of renewable
    generation
    Solutions in practice
    Renewable generation certificates in
    Development of a robust contracts (PPAs)
    portfolio of renewables to
    serve our operations Partnerships to promote expansion
    through joint ventures

    Vale’s electricity in Brazil:


    99.95% renewable today Efficiency initiatives
    Scope 2: Robust portfolio of renewables built over the years to
    power our operations

    2,7GW 99,95% 61%


    Renewable Global self-
    Installed
    generation in production
    capacity
    Brazil

    Santo Inácio Wind: 99 MW (Aliança Estreito Hydro: 1 GW


    Big Eddy Hydro: 30 MW Karebee Hydro: 130 MW
    Energia, Vale subsidiary - 55%)
    Jaíba, MG - Brazil

    Sol do Cerrado Project

    Equivalent to the
    3 thousand jobs, Reduce emissions by
    consumption of a city of
    50% of local 134 thousand
    800 thousand around
    tCO2e/year, equivalent to the
    inhabitants labor and 16% of emission of 100 thousand
    women compact cars
    Solid path to reduce our scope 1 and 2 emissions

    Due to the high


    cost for catenary
    electrification, we
    are focusing now
    on alternatives
    fuels as solution
    for railway and
    some mine sites
    Scope 3: Indirect emissions from the value chain
    (e.g. steelmaking)

    Examples of alternatives
    Optimization of our portfolio to increase
    the offer of superior quality products

    Solutions in practice
    Development of innovative solutions such
    Development of innovative as the cold agglomeration process:
    products and solutions to briquettes
    support the
    decarbonization of our Promotion of tailor-made solutions for the
    customers steel industry: mega hubs

    Pioneering solutions for our ships


    (e.g. rotor sails)
    Scope 3: 1st very large
    Moving forward with pioneering solutions to ore carrier
    reduce emissions equipped with
    rotor sails
    Scope 3 absolute net emissions Vitória ES Brasil 2021
    Mt CO2 eq

    -15%

    2018 BAU 2035 2035 Target


    Scope 3: The steel industry is expected
    to be decarbonized in stages
    Emissions in the steel industry by route
    t CO2 eq/t steel produced

    2,0
    1,7-1,4
    1,1 – 0,9 1,0-0,6
    Net zero
    BF- BOF BF-BOF DR- BOF DR- EAF (NG) DR-EAF(H2)
    (standard) (Optimized)

    Step 3:
    Step 2: New Green
    Step 1: Technologies Hydrogen
    Operational
    efficiency
    Scope 3:
    Iron ore briquette could boost steel
    Iron ore
    decarbonization briquette

    Exclusive technology developed in-house


    • Decades of experience developing agglomerates for steelmaking
    • Technology patented in 47 countries

    Lower CO2 emissions


    • 10% reduction for BF- BOF route
    • 80% less emission in the direct reduction route when compared
    to the pelletizing process

    Plants under construction


    • 7 Mtpy capacity in 2 converted pelletizing plants
    • Potential expansion of production capacity

    1 Patented or in submission process. ² Considering substitution of sintering. ³ Considering scope 1 and 2. Briquetting
    process also has 99% less SOx, 75% less NOx and 20% less particulates emissions than pelletizing process.
    Briquetting is a disruptive technology developed
    in-house and patented by Vale

    Uses
    Sinter, pellet and lump substitute in blast furnaces

    Pellet substitute in direct reduction furnaces

    Exclusive technology
    18 years of Research and Development

    Patented technology1 in 47 countries

    1 Patented or in the submission process.


    Briquettes Vale
    Technology aligned with the environment,
    driving decarbonization in the steel industry

    99% reduction¹ SOx


    80% reduction¹
    CO2 CO2 emissions 75% reduction¹ NOx and
    20% reduction¹ particulates

    No need for
    water addition in Beginning scheduled for 2023
    the production process at the plants in Vitória, ES

    1. Comparison with traditional agglomeration processes (e.g. pelletizing). Expected 10% reduction in CO2eq emissions of BF-BOF routes

    16
    Thank you!
    [email protected]

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