Canada's Low Carbon Economy Fund awarded C$18.1 million to Rio Tinto's Iron Ore Company of Canada for decarbonizing iron ore processing in Labrador West, aiming to reduce 2.

Canada's Low Carbon Economy Fund awarded C$18.1 million to Rio Tinto's Iron Ore Company of Canada (IOC) for decarbonizing iron ore processing in Labrador West. The funding, representing 25% of the project cost, will help IOC reduce heavy fuel oil consumption in iron ore pellet and concentrate production, and install an electric boiler to displace emissions. The project aims to cut 2.2 million tonnes of greenhouse gas emissions, create over 100 jobs, and eliminate about 9% of IOC's GHG emissions.

February 26, 2024
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