Mitsubishi Development and BHP sign up to reduce emissions

Mitsubishi Development and BHP have signed a memorandum of understanding (MoU) to work together in the pursuit of emissions reduction, including from the lifecycle use of marketed products.

Mitsubishi Development CEO, Sadahiko Haneji said the MoU is an important initiative for a company engaging in mineral resource activities in Australia.

“As a subsidiary of Mitsubishi Corporation, Mitsubishi Development is committed to simultaneously generating economic, societal and environmental value through all business activities it conducts,” Mr Haneji said.

“Guided by commitment to corporate social responsibility as well as global climate targets, Mitsubishi Development is enhancing its efforts to generate further environmental value, to help society transition to a low-carbon future.

“We are confident that this partnership with BHP will help us to achieve our goal, as well as contribute to the sustainable future of our local and global communities.”

BHP and Mitsubishi Development are reviewing opportunities to undertake research, pilot new ideas, and develop and deploy new emissions reduction technologies.

BHP Chief Executive Officer, Andrew Mackenzie, said the MoU marked the start of an important collaboration with one of BHP’s essential long-term industry partners.

“BHP is committed to accelerating the development of emerging technologies that have the potential to achieve material reductions in greenhouse gas emissions,” Mr Mackenzie said.

“Our new collaboration with Mitsubishi Development demonstrates the important role the private sector can play in bringing these technologies to market. Both companies are committed to emissions reductions in a range of industries, including the steel industry.

“Our Japanese partners and customers are critical to the development of new technologies and approaches to emissions reductions that stand to benefit countries across the globe.”