PR97965

NEW YORK, September 21, 2022 /PRNewswire=KYODO JBN/ --

Mission Possible Partnership maps path to decarbonize materials production

More than 200 industry leaders have endorsed strategies from the Mission

Possible Partnership (MPP) to decarbonise some of world's hardest-to-abate,

carbon-intensive industries in this decade.

New plans released at New York Climate Week for production of near-zero

emissions materials - aluminium, ammonia and steel - have won support from more

than 60 companies, bringing to more than 200 the tally of endorsements for

MPP's published Sector Transition Strategies (STS) which also include aviation,

shipping and trucking.

The signatories reflect growing momentum among high-ambition companies,

including steelmakers ArcelorMittal, Companhia Siderúrgica Nacional (CSN),

Liberty Steel, SSAB, Rio Tinto, Tata Steel, thyssenkrupp and Vale; aluminium

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 jointly contribute about 17% of global GHG

emissions.

MPP, an alliance of leading organisations working to decarbonise hard-to-abate

industries, presented two new STS reports for aluminium and ammonia, and an

updated steel strategy, during World Economic Forum's Sustainable Development

Impact Meetings at Climate Week. Participants included senior industrialists

and representatives from governments and the financial industry.

Matt Rogers, CEO of MPP said: "These transition plans are operationally

relevant and industry-backed, not wishful thinking or pie in the sky. We know

how to reduce emissions, initially deploying resources and technology available

today. The imperative is to act now, in this decade: we're working with

industry, supply chains and finance to deliver the clear thinking and

asset-by-asset plans to make net zero viable".

Each STS is premised on the deployment of available technologies by 2030, a

date that looms near for industry incumbents operating old-economy assets. The

reports detail specific requirements – with real-economy milestones – for clean

energy, new or retrofitted industrial plants, and policy reform to meet

sectoral carbon budgets aligned to the  Paris Agreement goal to curb global

heating to 1.5 degrees above pre-industrial levels by 2050.

Faustine Delasalle, vice-chair of the Energy Transitions Commission (ETC), a

founding partner of MPP, said: "Support for these strategies from more than 200

industry leaders sends a signal of hope: companies around the world are

committed to invest at scale for a net zero-emissions economy. The data

developed by ETC with MPP partners will inform targets and actions from

companies in key value chains, as well as financial institutions and

governments – and helps all of us to keep decision-makers accountable".

In the steel sector, early progress in breakthrough projects and increased

supply of near-zero primary steel are essential to remain within a

Paris-aligned sectoral carbon budget. MPP estimates that commercialisation of

net-zero technologies would cost up to $200 billion per year, implying

significantly higher demand for hydrogen, clean electricity and natural gas,

but a stark decline in coal power.

Sanjiv Paul, vice-president for safety, health and sustainability at Tata

Steel, said: "This strategy has laid down the challenges for the steel industry

to decarbonise. We are collaborating with suppliers, downstream partners,

start-ups, academia, and communities within our area of influence to work

towards mitigating the threat of climate change".

Aluminium plays an enabling role in decarbonising the world economy. MPP's STS

for primary aluminium would mobilise clean power, 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 gigatons

of carbon by 2050, an overshoot of more than double the Paris-aligned carbon

budget of 15 gigatons.

Abdulnasser Bin Kalban, CEO of Emirates Global Aluminium, said: "Aluminum plays

an essential role in decarbonisation economy-wide, but it also matters how

aluminum is made. Decarbonising aluminium by 2050 requires rapid and proactive

cooperation with other sectors, from developing more renewables to designing

final products that are easily recyclable. The Mission Possible Partnership's

roadmap will help us achieve this great task."

MPP forecast demand for ammonia could increase six-fold by 2050, driven by new

markets for green ammonia as a marine fuel and for power generation. The

shipping sector has the potential to make or break demand for near-zero

emissions ammonia. Coordination by policymakers to adopt, certify and expand

ammonia's new application as a marine fuel will be critical to this transition.

The new STS reports follow strategies for aviation, trucking, shipping and

steel. Strategies for concrete and cement, and the chemicals sector, are

planned for release this year.

To download the reports

Please go to the MPP website:

Making Net-Zero 1.5degreesC-Aligned Aluminium Possible

https://missionpossiblepartnership.org/wp-content/uploads/2022/09/Making-1.5-Aligned-Aluminium-possible.pdf

Making Net-Zero 1.5°C-Aligned Ammonia Possible

https://missionpossiblepartnership.org/wp-content/uploads/2022/09/Making-1.5-Aligned-Ammonia-possible.pdf

Making Net-Zero Steel Possible

https://missionpossiblepartnership.org/wp-content/uploads/2022/09/Making-Net-Zero-Steel-possible.pdf

Interactive tool

MPP has released an interactive 'Explorer' tool to compare decarbonisation

options in different regions, with the functionality to generate custom user

scenarios.  The Python model for STS analytics is also available, with full

coding and open-source input data.

Aluminium: Explore the Net-Zero Transition

https://dash-mpp.plotly.host/aluminium-net-zero-explorer/

https://github.com/missionpossiblepartnership/mpp-shared-code

Ammonia: Explore the Net-Zero Transition

https://dash-mpp.plotly.host/mpp-ammonia-net-zero-explorer/

https://github.com/missionpossiblepartnership/mpp-shared-code

Steel: Explore the Net-Zero Transition

https://dash-mpp.plotly.host/mpp-steel-net-zero-explorer/

https://github.com/missionpossiblepartnership/mpp-steel-model

Sector press releases

For detailed press release for each STS report, please go to:

Aluminium Press Release

https://missionpossiblepartnership.org/aluminium-sts-press-release/

Ammonia Press Release

https://missionpossiblepartnership.org/ammonia-sts-press-release/

Steel Press Release

https://missionpossiblepartnership.org/steel-sts-press-release/

The Mission Possible Partnership is an alliance of climate leaders focused on

supercharging efforts to decarbonize some of the world's highest-emitting

industries. By leveraging the convening power, talent and expertise of

world-leading organizations on climate action, the MPP aims to trigger a

net-zero transformation of seven industrial sectors; Aviation, Shipping,

Trucking, Steel, Aluminium, Chemicals and Concrete. MPP is led by four core

partners: the Energy Transitions Commission, RMI, We Mean Business Coalition

and the World Economic Forum. Our goal is to propel a committed community of

CEOs from carbon-intensive industries—together with their financiers,

customers, and suppliers—to agree and act on decarbonizing industry and

transport in this decade.

Video

- https://mma.prnewswire.com/media/1903760/Mission_Possible_Partnership.mp4

Logo -

https://mma.prnewswire.com/media/1903759/Mission_Possible_Partnership_Logo.jpg

SOURCE: Mission Possible Partnership