EX-99.11 12 ex11_d26carbfixpartner.htm EX-99.11
EXHIBIT 99.11
Media release
Rio Tinto and Carbfix partner for carbon capture and storage
26 October 2021
REYKJAVIK, Iceland--(BUSINESS WIRE)-- Rio Tinto and Carbfix are partnering to implement a technology for capturing carbon and permanently storing it underground at the ISAL aluminium smelter in Iceland.
Under a Memorandum of Understanding (MoU) for a strategic partnership, Carbfix will use Rio Tinto’s land surrounding the ISAL smelter for onshore CO 2 injection in the world’s first carbon mineral storage hub, the Coda Terminal. Liquified CO 2 will be imported by ship from industrial sites across North Europe for storage.
With safe and economic carbon storage at its doorstep, Rio Tinto views ISAL as an ideal site to become the first smelter where carbon capture and storage is implemented in the aluminium industry. The companies will work together to advance carbon capture solutions that are already being tested in production cells at ISAL, with the aim of using the Carbfix technology to further decarbonise the plant.
Carbfix CEO Edda Sif Aradottir said: “The world’s climate goals will not be met without large scale deployment of carbon capture and storage. Partnering with Rio Tinto will allow Carbfix to take a significant step forward in developing the world’s first carbon mineral storage hub, so our technology can make a sizeable contribution to global climate efforts.”
Rio Tinto Aluminium Chief Executive Ivan Vella said: “The innovative technology developed by Carbfix provides a pathway towards further decarbonisation of aluminium production at our ISAL smelter, which already produces low carbon aluminium using renewable energy. We will be working together to tackle the technical challenges to progress the carbon capture solution that we have begun trialling at ISAL. Beyond this, we will look for opportunities to apply Carbfix's technology for decarbonisation across Rio Tinto's operations, complementing other innovations such as our ELYSIS partnership for zero carbon aluminium smelting."
All the IPCC pathways to 1.5°C require deep reductions in emissions and include carbon dioxide removals technologies. So while Rio Tinto is prioritising emissions reductions at mines and smelters, it is also exploring the potential role of carbon capture and mineralisation.
Carbfix plans to drill the first injection wells for the Coda Terminal in 2022, with shipments of CO 2 starting in 2025.

The Carbfix technology rapidly transforms CO 2 injected into geological formations to solid carbonate minerals by accelerating natural processes. The only feedstock used is water, electricity and favourable bedrock such as the basalts surrounding the ISAL site in Iceland.
Since 2014, Carbfix has captured more than 70,000 metric tonnes of carbon from a power plant in Iceland and permanently stored it. Recently, Carbfix commissioned the world’s largest direct air capture and CO 2 storage system together with its partner Climeworks.
Read more about Carbfix and the Coda terminal: www.carbfix.com/codaterminal

Contacts | Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, UK Illtud Harri M +44 7920 503 600 David Outhwaite M +44 7787 597 493 Media Relations, Americas Matthew Klar T +1 514 608 4429 Investor Relations, UK Menno Sanderse M: +44 7825 195 178 David Ovington M +44 7920 010 978 Clare Peever M +44 7788 967 877 | Media Relations, Australia Jonathan Rose M +61 447 028 913 Matt Chambers M +61 433 525 739 Jesse Riseborough M +61 436 653 412 Investor Relations, Australia Natalie Worley M +61 409 210 462 Amar Jambaa M +61 472 865 948
Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 | Rio Tinto Limited Level 7, 360 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404
Carbfix Silja Yraola Eyþórsdóttir Communications and marketing M +354 6973465 E Siljaye@carbfix.com Kristinn Ingi Lárusson Head of Business Development E Kristinn.Ingi.Larusson@carbfix.com | Edda Sif Aradóttir Chief Executive Officer E Edda.Sif.Pind.Aradottir@carbfix.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026005499/en/