Distributed Energy Resources, GHG Emissions, Industrial - July 25, 2022
Ford Signs MOU for Battery and Low Carbon Materials Supply
Ford Motor Company and Rio Tinto signed a non-binding global memorandum of understanding (MOU) to jointly develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles.
The partnership will support the transition toward a net-zero future by supplying Ford, with materials including lithium, low-carbon aluminum, and copper.
It will allow Rio Tinto, a global mining and metals company, to progress its commitment to work with customers to decarbonize value chains.
Under the agreement, Ford will explore becoming the foundation customer for Rio Tinto’s Rincon lithium project in Argentina. Rio Tinto is currently progressing detailed planning to bring Rincon into production and will work with Ford toward a significant lithium off-take agreement to support its production of electric vehicles.
The companies will work together to strengthen the supply of low-carbon aluminum for use in Ford vehicles, including metal produced using the zero carbon ELYSIS™ smelting technology and from Rio Tinto’s hydro-powered operations in Canada.
“This is a powerful example of how Ford’s proven scale and industrial expertise can be leveraged to accelerate the shift to EVs,” Ford Chief Industrial Platform officer Hau Thai-Tang said in a statement. “We’re applying years of shared knowledge and a strong relationship to support production of models customers already know and love – and potentially to help create a new generation of EVs for millions of customers.”