Freeport-McMoRan Decarbonizes Power, Electrifies Equipment - Smart Energy Decisions

Distributed Energy Resources, Energy Efficiency, Energy Storage, GHG Emissions, Industrial  -  September 18, 2023

Freeport-McMoRan Decarbonizes Power, Electrifies Equipment

Freeport-McMoRan (FCX) continues to advance several opportunities aimed at positively contributing to its climate strategy across its four decarbonization levers: decarbonizing electricity supply, equipment electrification, energy and asset efficiency and process innovation.

FCX, a copper mining company, currently has four 2030 GHG emissions reduction targets that collectively cover nearly 100% of its Scope 1 and 2 GHG emissions. FCX is committed to validating its 2030 GHG emissions reduction targets through the Science Based Target initiative (SBTi) and is actively participating in an effort with industry peers aimed at developing science-based targets for the copper sector based on SBTi’s Sectoral Decarbonization Approach.

The company is using renewable power at scale with a focus on wind and solar, adopted microgrid integration including
battery storage, and is using lower carbon power sources such as LNG.

FCX is also using autonomous electric trains and mobile equipment, hybrid or electric support equipment, light-duty trucks and diesel-electric haul trucks.

Details were included in the company's updated Climate Report, which reflects the company’s continued progress to align with the recommendations of the Task Force on Climate-related Financial Disclosures and includes third-party verified Scope 1, 2 and 3 GHG emissions data in accordance with ISO 14064 Specifications 1 and 3.

“Copper’s essential role in current and emerging clean energy technologies is critical to global decarbonization,” Richard C. Adkerson, Chairman of the Board and CEO, said in a statement. “FCX is making a positive impact on the global energy transition by executing on our own climate strategy and delivering the responsibly produced copper necessary to support a net zero future.”

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