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A recent study by Chile's Santa María Technical University, the National Pilot Center and consultancy Phibrand showed that mining companies operating in Chile are in high demand for solutions that will allow them to participate in
the clean energy transition.
According to the report, such demand
can be met as long as local companies increase their production and production capacity of green fuels.
The study, which conducted a series of interviews with suppliers, industry experts and representatives of major mining companies operating in the country, revealed that the retrofitting of small and medium-sized equipment and machinery is a potential business opportunity and an effective way
to drive the country towards a greener future.
Gonzalo Ramírez, an electric mobility expert at Chilean copper industry Codelco, said mining companies, especially Codelco, must accelerate their decarbonization efforts and address challenges such as renewing power contracts, achieving 100% underground power mining, reducing mine emissions by at least 10%, and promoting a green hydrogen market
for mining applications.
"We see these changes as disruptive innovations
in the energy supply chain in which we operate," Ramírez said.
The study also identified barriers
that hinder the development of the opportunities the sector needs for the energy transition.
These barriers include a lack of space to experiment and validate new technologies; low level of technology adoption; There is a gap between targets to promote emissions reductions and the investments needed to do so; The mining sector lacks incentive to invest in manufacturing or retrofitting equipment and requires training and new expertise
.
"Purchasing power, willingness and interest are there
.
But these technologies must be implemented today, in the early stages of the energy transition," Cristian Mansilla, managing director of Phibrand, said
during the panel discussion.
"The key is to quickly switch to electric and synthetic fuels, which includes the production and distribution
of these solutions.
If businesses don't take this step now, they won't be able to compete
in the future market.
”
A recent study by Chile's Santa María Technical University, the National Pilot Center and consultancy Phibrand showed that mining companies operating in Chile are in high demand for solutions that will allow them to participate in
the clean energy transition.
According to the report, such demand
can be met as long as local companies increase their production and production capacity of green fuels.
The study, which conducted a series of interviews with suppliers, industry experts and representatives of major mining companies operating in the country, revealed that the retrofitting of small and medium-sized equipment and machinery is a potential business opportunity and an effective way
to drive the country towards a greener future.
Gonzalo Ramírez, an electric mobility expert at Chilean copper industry Codelco, said mining companies, especially Codelco, must accelerate their decarbonization efforts and address challenges such as renewing power contracts, achieving 100% underground power mining, reducing mine emissions by at least 10%, and promoting a green hydrogen market
for mining applications.
"We see these changes as disruptive innovations
in the energy supply chain in which we operate," Ramírez said.
The study also identified barriers
that hinder the development of the opportunities the sector needs for the energy transition.
These barriers include a lack of space to experiment and validate new technologies; low level of technology adoption; There is a gap between targets to promote emissions reductions and the investments needed to do so; The mining sector lacks incentive to invest in manufacturing or retrofitting equipment and requires training and new expertise
.
"Purchasing power, willingness and interest are there
.
But these technologies must be implemented today, in the early stages of the energy transition," Cristian Mansilla, managing director of Phibrand, said
during the panel discussion.
"The key is to quickly switch to electric and synthetic fuels, which includes the production and distribution
of these solutions.
If businesses don't take this step now, they won't be able to compete
in the future market.
”
