Mission Possible Partnership Leads the Way to Decarbonize Materials Production
NEW YORK, September 23, 2022 /PRNewswire/ — More than 200 industry leaders have endorsed Mission Possible Partnership (MPP) strategies to decarbonize some of the most hard-to-reduce, carbon-intensive industries this decade.
New plans released during New York Climate Week for the production of near-zero-emission materials – aluminum, ammonia and steel – have won the support of more than 60 companies, bringing the number of approvals for more than 200 Sector Transition Strategies (STS) published by the MPP. which also include aviation, shipping and trucking.
The signatories reflect the growing momentum of high-ambition companies, including steelmakers ArcelorMittal, Companhia Siderúrgica Nacional (CSN), Liberty Steel, SSAB, Rio Tinto, Tata Steel, thyssenkrupp and Vale; aluminum producers Alcoa, Rio Tinto and EGA; and in the ammonia sector, CF Industries, BASF, SABIC and Yara, as well as renewable energy providers Ørsted, Iberdrola and ACWA Power. These three sectors together contribute about 17% of global GHG emissions.
MPP, an alliance of leading organizations working to decarbonise hard-to-reduce industries, presented two new STS reports for aluminum and ammonia, as well as an updated strategy for steel, at the World Economic Forum sustainability impact meetings during Climate Week. Among the participants were high-level industrialists and representatives of governments and the financial industry.
matt rogersCEO of MPP said: “These transition plans are operationally relevant and supported by the industry, not wishful thinking or pie in the sky. We know how to reduce emissions, initially deploying the resources and technology The imperative is to act now, in this decade: we are working with industry, supply chains and finance to provide clear thinking and asset-by-asset plans to make net zero viable “.
Each STS is based on deploying technologies available by 2030, a date looming on the horizon for incumbents operating old economy assets. The reports detail specific requirements – with real-savings milestones – for clean energy, new or upgraded industrial facilities, and policy reform to meet sectoral carbon budgets aligned with the Paris Agreement goal of reduce global heating to 1.5 degrees above pre-industrial levels by 2050. .
Faustine DelasalleVice Chairman of the Energy Transitions Commission (ETC), founding partner of MPP, said: “The support for these strategies by more than 200 industry leaders sends a signal of hope: companies around the world commit to large-scale, long-term net-zero emissions economy. The data developed by ETC with MPP partners will inform the goals and actions of companies in key value chains, as well as financial institutions and governments – and help us all hold decision makers to account.”
In the steel sector, rapid progress in disruptive projects and an increased supply of near-zero primary steel are essential to remain in a Paris-aligned sectoral carbon budget. The MPP estimates that commercializing net zero technologies would cost up to 200 billion dollars per year, implying a significantly higher demand for hydrogen, clean electricity and natural gas, but a sharp drop in coal-fired power.
Sanjiv PaulVice President for Safety, Health and Sustainability at Tata Steel, said: “This strategy has defined the challenges of decarbonising the steel industry. We are collaborating with suppliers, downstream partners, start-ups, universities and communities within our area of influence to work towards mitigating the threat of climate change”.
Aluminum plays a leading role in the decarbonization of the global economy. MPP’s STS for primary aluminum would mobilize clean energy, improved material efficiency and recycling at a cost of up to $1 trillion to reduce carbon emissions by 95%. In a business as usual scenario, the sector will emit a cumulative 37 gigatonnes of carbon by 2050, an excess of more than double the Paris-aligned carbon budget of 15 gigatonnes.
Abdulnasser Bin KalbanCEO of Emirates Global Aluminium, said: “Aluminium plays a critical role in decarbonising economy-wide, but how aluminum is made is also important. easily recyclable products. The Mission Possible Partnership roadmap will help us accomplish this great task.
According to MPP forecasts, demand for ammonia could grow sixfold by 2050, driven by new markets for green ammonia as marine fuel and for power generation. The shipping industry has the potential to create or break demand for near-zero-emission ammonia. Coordinating policy makers to adopt, certify and expand the new application of ammonia as a marine fuel will be critical to this transition.
The new STS reports track strategies for aviation, trucking, shipping and steel. Strategies for concrete and cement, and the chemicals sector, are expected to be published this year.
To download the reports
Go to the MPP website:
Make Net-Zero Aluminum aligned at 1.5°C possible
Make Net-Zero Ammonia aligned at 1.5°C possible
Make Net-Zero steel available
MPP has released an interactive “Explorer” tool to compare decarbonization options in different regions, with the functionality to generate personalized user scenarios. The Python model for STS analysis is also available, with full coding and open source input data.
Aluminum: explore the Net-Zero transition
Ammonia: explore the Net-Zero transition
Steel: explore the Net-Zero transition
Industry press releases
For a detailed press release for each STS report, please see:
Aluminum press release
Ammonia press release
Press release Steel
The Mission Possible Partnership is an alliance of climate leaders focused on driving efforts to decarbonize some of the world’s highest-emitting industries. By leveraging the convening power, talent and expertise of leading global organizations on climate action, the MPP aims to trigger net zero transformation of seven industry sectors; Aviation, shipping, trucking, steel, aluminum, chemicals and concrete. MPP is led by four main partners: the Commission for Energy Transition, the RMI, the We Mean Business Coalition and the World Economic Forum. Our goal is to propel an engaged community of CEOs of carbon-intensive industries, along with their financiers, customers and suppliers, to agree and take action to decarbonize industry and transport this decade. .