Cut and past of a investment review I did this morning over a coffee. a bit of a ramble
Columbia added a hydrogen plan in this media
The oil business of course as everywhere is trying to stay in the game "State-controlled Ecopetrol is evaluating 18 possible hydrogen projects, including pilot projects for its Cartagena and Barrancabermeja refineries, that would require about $200mn-$300mn in investment, as part of Colombia's goal of developing hydrogen energy options"
Colombia's Ecopetrol eyes 18 hydrogen projects | Argus Media
The ""Green hydrogen will complement Colombia's Energy Transition.. ... Similarly, green hydrogen, with a potential of more than 3 gigawatts in Guajira alone, represents great economic and development opportunities for Colombia in applications ranging from the use of this energy vector in refining processes, gas transportation , sustainable mobility and production of agricultural inputs. Additionally, there is great export potential in the medium and long term that would allow Colombia to position itself in the Asian, European and North American markets, taking advantage of its privileged location of access to the Pacific and Atlantic oceans, and its proximity to the Panama Canal. " in this media suggest they have more than the Carbon Capture and storage dreams/challenges in mind.
It does have a "commitment to reduce CO2 emissions by 51% by 2030" I think that is interesting on several fronts for Hydrogen.
Who else is trying to cut by 50% by 2030?
UN Climate Change News, 15 June 2021 –Over 4,500 non-state actors from across the global economy have committed to halving emissions by 2030, joining the UN-backed Race to Zero campaign. These actors from over 92 countries recognise the value and the imperative of racing to a zero-carbon economy to build a healthier, safer, cleaner, more resilient world for generations to come. Link
The race to zero https://unfccc.int/climate-action/ra...-campaign#eq-3 has " Google and Microsoft (through Exponential Roadmap Initiative), Apple, Pfizer and ENGIE (through Business Ambition for 1.5C); JLL and Visa (through The Climate Pledge), Minas Gerais through Under2; Nashik through Cities Race to Zero, and many more. See here for a full list of Partners and their members."
How to remove C02 when also accounting to the embedded C02 when they have a "Expert Peer Review Group (EPRG) tasked with reviewing Race to Zero partner applications and providing independent recommendations to the Champions on whether the initiatives meet the Minimum Criteria for participation"?
Melbourne for example is about to get 32 electric buses - I like the plan yet note some of the power for them is still from coal especially as I assume they will charge over night and 32 barely scratches the Melbourne bus fleet which is well over 550 buses. Stating the blindingly obvious- we haven't even started yet!
A Carbon Negative Process would clearly make that goal a lot easier now matter who is counting! Happily we know who can do that and is proving that now at a commercial scale.
On a local side BHP is a interesting one to watch. https://www.aemc.gov.au/sites/defaul...lia%202019.pdf
The map of Austrlain Power Generation has a BHP site- Olympic Dam in South Australia. Most of us know of that gold, Copper, Uranuim ....
They have three stated C02 goals
1 By 2022 Our target is to continue to grow our business while maintaining our operational emissions at or below the level they were in 2017**.
2 By 2030 Our target is to reduce our operational emissions by at least 30 per cent from the level they were in 2020**.
3 By 2050 Our goal is to achieve net zero operational emissions.
Cannot find BHP specific data on how much fuel it burns, It is part of over a Billion liters in this report they contributed to https://www.nedapidentification.com/...tralian-mines/
I know via some investments I have or had in Gold, the fuel cost at mine sites is one of the most significant.
Who does the mining is not always the mine owner. Downer EDI Mining Pty Ltd for example is huge and operates 40 odd mines here. The AFR "Downer EDI chief executive Grant Fenn" "Mr Fenn said governments would stop buying diesel buses as they shifted to electric buses and Downer planned to switch its vehicle fleet to electric power." and on Hydrogen "The company is designing and installing more renewable power facilities as customers come under pressure to decarbonise, and hopes to participate in hydrogen projects through its existing alliance with Mitsubishi Power, which has been investing in hydrogen technology."
Downer EDI sees the wind is blowing strongly with escape a plan?? "Downer has been selling off its mining operations"
Paywalled link
We need mining. We need energy. We all need clean energy. It can and will be carbon negative and clean which is my little point
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