Articles
Anglo American to Develop Hydrogen-powered Mine Haul Truck
by Rudy P. SysAdmin at howtofindthemoneyAnglo American partnership with French energy services giant ENGIE to develop hydrogen-powered mine haul truck shows miners are “seriously considering the potential”, said JP Morgan.
Analysts said that prospects of using hydrogen as a fossil fuel alternative, both wider economy as well as within the global mining and steel sectors, is gaining traction with corporates, investors, and policymakers.
Last week, the EU published a hydrogen strategy roadmap as part of its goal to reach carbon-neutrality by 2050, which includes commissioning 6 gigawatt of green hydrogen electrolysis capacity by 2024 and 80 gigawatt by 2030.
According to JP Morgan, this could be supportive of long-term platinum group metal demand from hydrogen fuel cells and a potential long-term risk to coking coal demand.
“Further development of fuel cell electric vehicle mining trucks could present significant implications for long-term sector capital expenditure (ie fleet replacement),” analysts added.
The 10 largest coal producers and exporters in Indonesia:
Source: Proactive Investors
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About Rudy P. 
SysAdmin at howtofindthemoney
4,051 connections, 69 recommendations, 14,225 honor points.Joined APSense since, April 9th, 2013, From Solo, Indonesia.
Created on Jul 15th 2020 02:06. Viewed 560 times.
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