NORDEN and Teck Announce Emission Discount Freight Contract, The Canadian Enterprise Journal

VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) — NORDEN and Teck Sources Restricted (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) at present introduced an settlement to cut back CO_² emissions in Teck’s steelmaking coal provide chain.

The settlement is predicted to cut back annual emissions from Teck shipments dealt with by NORDEN by 25%, or as much as 6,700 tonnes of CO_², equal to eradicating over 1,400 passenger automobiles from the highway.

NORDEN will obtain emission reductions by utilising a spread of options, together with the usage of fuel-efficient ships and various fuels resembling biofuel together with an clever use of superior information analytics to optimise vessel pace and routing.

“This progressive partnership with NORDEN is predicted to cut back Scope 3 emissions related to transportation of Teck’s steelmaking coal, decreasing our carbon footprint and advancing progress creating inexperienced transportation corridors,” stated Jonathan Worth, CEO, Teck. “Working with transportation suppliers like NORDEN to cut back emissions downstream of our enterprise furthers our progress in direction of attaining our web zero by 2050 purpose.”

“With this initiative, we are actually capable of design customer-tailored freight emission contracts the place we leverage our mixed experience to develop distinctive options that help our prospects’ ambitions to decrease their provide chain emissions,” stated NORDEN CEO Jan Rindbo. “NORDEN’s technique of serving to our prospects decarbonise their provide chains implies that we along with committing to carbon neutrality in 2050, have quick to medium-term commitments, the place our purpose is to make carbon emission reductions in direction of 2030.”

The emission discount freight contract is certainly one of a number of of NORDEN’s local weather options for purchasers. Be taught extra about NORDEN’S local weather options right here.

As a part of Teck’s Sustainability Technique, Teck has targets to cut back carbon depth throughout operations by 33% by 2030 and be a carbon-neutral operator by 2050. Click on right here to be taught extra about Teck’s strategy to taking motion on local weather change.

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Ahead-Trying Statements
This press launch incorporates sure forward-looking statements inside the that means of the US Non-public Securities Litigation Reform Act of 1995 and forward-looking data as outlined within the Securities Act (Ontario). The forward-looking statements relate to expectations with respect to the realized quantity of CO₂emissions discount and our long-term sustainability technique, together with however not restricted to our 2030 and 2050 targets. These statements contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. The forward-looking statements on this press launch are based mostly on assumptions concerning commodity costs, common financial situations and the efficiency of our enterprise, achievement of emissions discount in keeping with expectations, in addition to our skill to realize our local weather targets and the long run impacts of these targets on our enterprise, amongst different issues. The foregoing checklist of assumptions shouldn’t be exhaustive. Components that will trigger precise outcomes to range embrace, however should not restricted to, modifications in commodity costs or common financial situations, precise climate-change penalties, ample expertise not being obtainable on acceptable phrases, and modifications in legal guidelines and governmental laws or enforcement thereof that impression our operations or technique. We assume no obligation to replace forward-looking statements besides as required underneath securities legal guidelines.

Additional data regarding dangers and uncertainties related to these forward-looking statements could be present in our annual data type for the yr ended December 31, 2022, filed underneath our profile on SEDAR (www.sedarplus.ca) and on EDGAR (www.sec.gov) underneath cowl of Type 40-F, in addition to subsequent filings underneath our profile.

About Teck
As certainly one of Canada’s main mining firms, Teck is dedicated to accountable mining and mineral improvement with main enterprise models targeted on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Inventory Change underneath the symbols TECK.A and TECK.B and the New York Inventory Change underneath the image TECK. Be taught extra about Teck at www.teck.com or comply with @TeckResources.

About NORDEN
NORDEN presents dry cargo and product tankers companies globally, from our 14 places of work throughout 6 continents. We’re an built-in a part of the worldwide commodity commerce – delivering dependable, protected and compliant transport options to our prospects everywhere in the world. Listed on Copenhagen’s OMX Nordic Massive Cap index, we’ve for the previous 152 years supplied our prospects and shareholders industry-leading operator actions and cyclical publicity to the worldwide markets, carried out by a extremely expert organisation.

Teck Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations & Strategic Evaluation
604.699.4621
[email protected]

Teck Media Contact:
Chris Stannell
Public Relations Supervisor
604.699.4368
[email protected]

NORDEN Contact:
Anne-Louise Dam-Rasmussen, Head of Communications
[email protected]
(+45) 21 56 15 64

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