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Swedish metals group Boliden in electrification deal with Vattenfall

  • Author
  • Henry Edwardes Evans
  • Editor
  • James Burgess
  • Commodity
  • Metals

London — Swedish metals company Boliden is to work with power utility Vattenfall to develop electrification of mines and smelters, Boliden said Tuesday.

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A four-year agreement will focus on reducing Boliden's fossil fuel consumption by using battery storage, solar panels, electric transport and the recycling of new-generation car batteries.

Base metals "are a crucial part of the solution for achieving ambitious climate targets in society," said Boliden CEO Mikael Staffas.

The companies will identify "business solutions and processes for both mining and recycling, which will make us more competitive," he said.

As a first step, solar panels are to be installed at the Bergsoe lead smelter in Landskrona, Sweden. The facility recycles lead batteries from cars.

"Industrial partnerships like this are crucial if we are to make progress on the electrification of industry and enable fossil-free living within one generation," Vattenfall CEO Magnus Hall said.

Boliden has mining and smelting operations in Sweden, Finland, Norway and Ireland. Its main sources of fossil fuel emissions include diesel vehicles, process heat and coke used as a reducing agent.

In its latest environmental report, Boliden's goal beyond 2019 is to reduce its CO2 intensity by 3% a year. Its current goal is to restrict carbon intensity to no more than 0.77 mt CO2 per mt of metal produced.

Energy costs accounted for around 13% of Boliden's total operating costs of SEK41.7 billion ($4.48 billion) in 2018.

-- Henry Edwardes-Evans, henry.edwardes-evans@spglobal.com

-- Edited by James Burgess, newsdesk@spglobal.com