Rio Tinto, a leading global mining and metals company, and Schneider Electric signed a memorandum of understanding (MoU) for a collaboration to develop a circular and sustainable market ecosystem for both companies and their customers.
This multi-product partnership will see Schneider Electric use responsibly sourced materials produced by Rio Tinto. These include low-carbon aluminum and copper produced with renewable power, iron ore, and borates. Rio Tinto will utilize 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 drive further decarbonization.
The partnership will draw on Schneider Electric’s Energy-as-a-Service expertise to evaluate the use of innovative 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, the first sustainability label for aluminum using blockchain technology, will be deployed with Schneider Electric. The companies will work to expand this transparency, offering START in combination with Schneider Electric’s EcoStruxure platform, an IoT system architecture that connects everything in an enterprise, from the shop floor to the top floor, to deliver enhanced safety, reliability, efficiency, and sustainability.
The companies will also partner to evaluate emerging innovation opportunities, such as the efficient production of critical materials for renewable technologies and advances in low-carbon, green steel manufacturing, both of which will play a significant long-term role in industrial decarbonization.