Rio Tinto launches farming trial in Australia to explore renewable diesel production
Adds details, background from paragraph 2 onwards
Sept 18 (Reuters) -Mining giant Rio Tinto RIO.AX said on Wednesday it will develop seed farms in Australia to explore the potential of Pongamia seed oil as a feedstock for renewable diesel.
The miner has partnered with local woodfiber processor manager Midway MWY.AX to oversee the planting and management of the farms.
Pongamia is a tree native to Australia, the seeds of which can be processed to form renewable diesel - an alternative which emits significantly lesser carbon than the fossil fuel.
Rio Tinto is in the final stages of procuring about 3,000 hectares of cleared land in Queensland for the pilot project, which aims to determine if Pongamia seed oil can help meet the company's renewable diesel demand, it said.
"While we continue to pursue electrification as the long-term solution for displacing the majority of our diesel use, the Pongamia seed pilot is an important parallel pathway that could reduce our reliance on diesel in the mid-term," said Rio Tinto chief decarbonisation officer Jonathon McCarthy.
The company is also exploring the usage of biofuels in areas where electrification could face practical limitations, it said.
Reporting by Aaditya Govind Rao in Bengaluru; Editing by Krishna Chandra Eluri
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
