BHP: Partnering to reduce value chain emissions

Partnering to reduce value chain emissions

BHP believes building a pathway to net zero requires collaboration and cooperation across the value-chain. To pursue BHP’s decarbonisation goal for its value chain, it cannot just support the development of single technology pathways. Instead, BHP has listened to the needs of its customers, suppliers and other stakeholders, and are investing actively in these partnerships. BHP’s approach is multifaceted: fostering a number of technological pathways towards decarbonisation to help increase the probability of its value chains achieving net zero outcomes. These include:

• Investing in next-gen technologies - BHP has announced partnerships with major steelmakers including an investment of an initial amount of up to US$65 million in partnerships with China Baowu, JFE Steel and HBIS Group, which together produce around 10 per cent of global steel, to research and pilot various steel decarbonisation technologies including optimising iron ore and coke quality, carbon capture storage and utilisation, and hydrogen-based direct reduction technology.
• Accelerating maritime transition - BHP has set a target of net zero greenhouse gas emissions by 2050 for the maritime shipping of its products, subject to the widespread availability of carbon neutral solutions . To support this target, BHP has committed to join the Global Centre for Maritime Decarbonisation in Singapore and participated in marine biofuel trials with Oldendorff Carriers and GoodFuels.
• Partnering on supply chain traceability - BHP has completed traceability pilots with two key customers, copper cable and wire manufacturer Southwire and EV manufacturer Tesla. This traceability work enhances transparency and accountability in global supply chains utilising future facing commodities.