SHAKESPEARE: CANADA’S FIRST CARBON NEUTRAL NICKEL MINE
Our goal is to be the first mine in Canada to meet the growing demand for carbon neutral nickel. To achieve our carbon neutral goal, we are designing the Shakespeare project with the intention of minimizing GHG emissions. Once we have avoided as many emissions as possible, we will invest in verified carbon offset projects to reach carbon neutrality.
An emissions model of the Shakespeare project developed by Synergy Enterprises revealed that the two largest emission sources would be consumption of diesel in vehicles and equipment and purchased electricity from the Ontario grid. To reduce these emission sources, Magna will be sourcing a B50 biodiesel blend for all diesel-power equipment and building a dedicated hydro line in partnership with HydroOne, providing clean, renewable power directly to site.
These efforts will allow Magna to reduce emissions by 50% compared to business as usual.
As a result of these initiatives, Shakespeare’s emissions intensity will be below industry averages published by the Nickel Institute, representing 52% of the global production of Class 1 nickel, and it is well below industry averages for all other types of nickel, particularly ferronickel and nickel pig iron.
“Life Cycle Assessment of Nickel Products” (Mistry et al., 2016)
“Life Cycle Data” (Nickel Institute, 2020)
“Energy Consumption and Greenhouse Gas Emissions of Nickel Products” (Wei et al., 2020)