Rio Tinto launches biofuel crop farming trial for renewable diesel production in Australia
Rio Tinto Plc (RIO)
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riotinto.com/investors-87.aspx
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Source: Business Wire
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto will develop Pongamia seed farms in Australia as part of a new biofuels pilot. The project will explore the potential of Pongamia seed oil as a feedstock for renewable diesel, a cleaner alternative to traditional fossil fuels.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917551538/en/Rio Tinto Chief Decarbonisation Officer Jonathon McCarthy flanked by Pongamia trees. The Pongamia pilot will explore the potential of Pongamia seed oil as a feedstock for renewable diesel, a cleaner alternative to traditional fossil fuels.The pilot aims to determine if Pongamia seed oil can contribute to Rio Tinto's renewable diesel needs while potentially contributing to the growth of a new biofuel sector in Australia. Rio Tinto is in the final stages of acquiring approximately 3,000 hectares of cleared land near Townsville in north Queensland to establish farms to study growth condition
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