Caterpillar’s Zero-Emission Trucks to Be Deployed at Teck Resources Sites -Breaking
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© Reuters. Sam Boughedda
Investing.com — Teck Resources (NYSE:) and Caterpillar Inc (NYSE:) are working towards deploying 30 of Caterpillar’s zero-emissions large haul trucks at Teck mining operations, the companies announced Wednesday.
Teck shares are up 1.4% Wednesday, while Caterpillar’s stock price has risen 1.1%.
The companies are planning the deployment in phases, including early development, piloting,And deploying the 30 zero-emission vehicles, such as Cat 794 ultra-class trucks, beginning in 2027.
Teck will first deploy the trucks to its Elk Valley, British Columbia steelmaking coal operation, Canada. It is already powered by an 95% clean electricity grid.
Don Lindsay, President and CEO at Teck, stated that Teck was already one of the lowest-carbon producers of steelmaking coal and zinc in the world. He added, “We are now taking additional action to develop the technology required to reduce our carbon footprint and support global efforts against climate change.”
“Decarbonizing the haul truck fleet is an important step on our path to carbon neutrality, and Caterpillar is pleased to cooperate with us to move this project forward.”
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