By 2030, Norilsk Nickel plans to invest about $100 million in the development of innovative ways to use palladium, which will help reduce greenhouse gas emissions through green energy projects.
“Almost half of the world's carbon dioxide emissions come from the Asia-Pacific region. Because of this, the problem of global warming is more acute here than in other parts of the world. To protect the environment, by the end of 2030 Norilsk Nickel will invest about $100 million in the development of innovative ways to use palladium,” the company said in a message on Telegram social network.
According to company representatives, palladium is one of the critical minerals of the future. One of the areas of its application is hydrogen and solar energy projects.
“In hydrogen energy, palladium-based catalysts improve efficiency at every stage of production. In solar energy, palladium chalcogenide can be used as a highly efficient solar cell,” said Dmitry Izotov, head of the company’s Palladium Technology Center.
Also, according to him, palladium can improve the water purification system for more than 2 billion people in Asia, and its use can accelerate the transition to environmentally friendly raw materials. The Palladium Technology Center is ready to become a pilot platform for testing new technologies on an international scale, Norilsk Nickel noted.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
