Rio Tinto, a leading global mining and metals company, and Schneider Electric have signed a memorandum of understanding (MoU) to collaborate on the development of a circular and sustainable market ecosystem for both companies and their customers.
This multi-product partnership will see Schneider Electric use more responsibly sourced materials produced by Rio Tinto. These include low-carbon aluminium and copper produced with renewable power, iron ore, and borates. Rio Tinto will utilise energy and industrial services from Schneider Electric, as the companies work together to develop digital platforms, technologies and solutions to be deployed across the metals and mining supply chain to help drive further decarbonization.
The partnership will draw on Schneider Electric’s Energy as a Service experience to evaluate the use of new innovation solutions, including microgrids, to supply energy from low-carbon sources, and artificial intelligence and advanced analytics to help meet sustainability goals at Rio Tinto sites and throughout its supply chain.
Rio Tinto’s START traceability and transparency initiative, its first sustainability label for aluminium using blockchain technology, will be deployed with Schneider Electric to help unlock additional value for customers, suppliers and partners. The companies will work to expand this transparency, offering START in combination with Schneider Electric’s EcoStruxure platform.
The companies will also partner to evaluate other emerging innovation opportunities, such as the more efficient production of critical materials for renewable technologies and advances in low-carbon, green steel manufacturing, both of which will play a key long-term role in industrial decarbonization.