Vale’s CEO, Eduardo Bartolomeo, said this Thursday, 5th, that he does not believe in natural gas as an energy matrix for Mega Hubs in Brazil, which have more potential with green hydrogen.
Bartolomeo, who participated this Thursday morning in an event on mining promoted by the Financial Times, also indicated two more regions with the potential to produce competitive energy, in addition to Brazil: Mexico and the Middle East.
Vale’s executive vice-president of Finance and Investor Relations, Gustavo Pimenta, stated that the company is investing between R$20 billion and R$30 billion in decarbonization, and that, in the future, sustainable metals will pay a premium for the company.
He informed that Vale has grown a lot in the area of energy transition metals – nickel and copper – and that even the iron ore, which gave rise to the company, has an iron content that favors energy savings, one of the fundamental points for provide sustainability to production.
Vale plans to triple copper production and at least double nickel production, but did not detail over what horizon this growth should occur. Vale’s focus on green hydrogen and energy transition metals has the potential to have a significant impact on the global energy landscape.
Green hydrogen is a clean and sustainable energy source that can be used to produce electricity, power vehicles, and heat buildings. It is also a key ingredient in many industrial processes. Energy transition metals, such as nickel and copper, are essential for the production of batteries, solar panels, and other clean energy technologies.
By investing in green hydrogen and energy transition metals, Vale is positioning itself to play a leading role in the global energy transition.
Vale’s focus on green hydrogen and energy transition metals is a positive development for the global energy transition. The company is well-positioned to play a leading role in the development and deployment of these clean energy technologies.