06/01/2022 - 13:42

Fortescue buys electric locomotives

06/01/2022 - 13:42

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Fortescue Metals Group has bought two new electric locomotives in a bid to trim emissions across its mine sites.

Fortescue buys electric locomotives
Outgoing Fortescue Metals chief executive officer Elizabeth Gaines. Photo: Gabriel Oliveira

Fortescue Metals Group has bought two new electric locomotives in a bid to trim emissions across its mine sites.

The miner’s first battery-powered locomotives will have an energy capacity of 14.5 megawatt hours and will be manufactured by Progress Rail – a Caterpillar company – in Brazil.

The eight-axle vehicles will be used to transport iron ore to port.

Outgoing Fortescue chief executive officer Elizabeth Gaines said the locomotives would cut emissions and reduce fuel costs.

“The purchase of these new battery-powered locomotives marks an important milestone in the decarbonisation of Fortescue’s locomotive fleet and demonstrates our commitment to achieving carbon neutrality for scope onw and two emissions by 2030,” Ms Gaines said in a statement.

Fortescue and Rio Tinto announced plans to introduce greener locomotives in a bid to curb their environmental impact in December last year.

Fortescue is expected to take delivery of its first battery-powered locomotive in 2023.

FMG shares are down 1.05 per cent to trade at $19.75.

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