Vale plans to invest between US$ 4 billion and US$ 6 billion to reduce carbon emissions. Previously, the mining company planned to invest US$ 2 billion
The mining company Vale announced yesterday, through a statement to the market, its intention to make investments of US$ 4 billion to US$ 6 billion to reduce carbon emissions by 2030, compared to previous estimates that provided for investments of just US$ 2 billion. See also: Mineradora Vale will have to pay R$ 1 million for each victim who lost his life in the Brumadinho disaster, in Minas Gerais
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Vale's commitment to reducing carbon emissions
The mining company Vale has developed several initiatives aimed at ESG (environment, sustainability and governance), such as the search for energy efficiency, electrification of mines and railways and the search for a reduction in the use of fossil fuel. In the document presented to market analysts, the mining company maintained the previously established targets for reducing carbon emissions.
In a note, Vale says that the increase in investments is due to the greater maturity acquired in the company's portfolio of initiatives to reduce direct carbon emissions, to be implemented by 2030. next nine years and are already considered in the company's budget.
Increased investments to reduce carbon emissions
Vale also pointed out that the US$ 2 billion announced last year refers to investments in renewable energy, such as the Folha Larga (wind) project, in Bahia, and Sol do Cerrado (solar), in Minas Gerais. The wind project has been operating since August 2020 and the solar plant is being implemented.
The mining company Vale is also evaluating the implementation of projects for scope 1 reduction, such as the use of conveyor belts at some sites to replace off-road trucks over long distances; the electrification of railroads and trucks; and the use of biofuels and biomass, from waste and certified origin, to replace fossil fuel.
It is increasingly worth investing in renewable projects
Previously, the mining company Vale had announced that Nextracker would supply its bifacial solar trackers, optimized with artificial intelligence for the solar energy project, called “Sol de Cerrado”, in the state of Minas Gerais. The 766 megawatt (MWp) solar power complex, which will be one of the largest in Brazil, will help power Vale's mining operations in the Jaíba area in Minas Gerais.
Alejo Lopez, Nexttracker's vice president of sales for Latin America, says that the Vale Sol de Cerrado project in Minas Gerais is yet another example of how the mining industry is embracing renewable energies (such as solar energy, electrification of trucks) as a reliable source of generation for power operations and offsetting greenhouse gas emissions.
Lopez also points out that they hope to work closely with Vale and deploy the smart solar energy trackers and software to maximize plant performance while minimizing operating costs over the plant's 30-year lifespan.
