Sumitomo Corporation and Switzerland's ABB Agree to Promote Decarbonization of Mining Equipment- First MoU for ABB in the mining equipment service provider business segment -

In response to the global trend toward decarbonization, the mining industry is facing an urgent need to address machinery and equipment that emit large amounts of greenhouse gases. Efforts to electrify entire sites and advance energy management are accelerating to achieve both operational efficiency and sustainability. This collaboration was realized based on the shared view that the alliance between Sumitomo Corporation and ABB will enable the two companies to complement each other's resources for decarbonization and electrification of mining equipment, and to respond more flexibly and effectively to the decarbonization initiatives promoted by mining companies. ABB has been contributing to decarbonization mainly through technological collaboration with other companies, but this collaboration is positioned as a new initiative to create a value through joint implementation at sites with Sumitomo Corporation as a comprehensive solution provider.

ABB supplies process plants and substation facilities at mining sites around the world, and is promoting full electrification of mining operations. Sumitomo Corporation's construction equipment business is engaged in the sale and servicing of large mining equipment globally, and has core strengths in service and support for the machines it supplies, including installation.

In their roles, ABB will be responsible for the development and supply of existing products and new electrification solutions, while Sumitomo Corporation will provide support for installation and after-sales service leveraging the strong relationships cultivated with customers to date. In the past, mining companies have introduced solutions by coordinating with multiple suppliers on a case-by-case basis, but this alliance will enable comprehensive proposals and support to promote smoother, more effective electrification and decarbonization in the mining sector.

For the time being, the alliance will focus on the trolley assist system that supplies power to mining haul trucks from overhead wires, alongside efforts to decarbonize the existing fleet. In the future, comprehensive solutions including energy management and infrastructure development for entire mining sites will also be introduced. Sumitomo Corporation and ABB will contribute to the decarbonization of the mining sector by leveraging their respective strengths to pursue economical solutions for mining customers.

Kenichi Hyuga, General Manager, Construction & Mining Systems SBU at Sumitomo Corporation, says, "We are looking forward to a high level of interaction and engagement on the topics of electrification and decarbonization, with the ambition to realize impactful solutions."

Joachim Braun, Division President, ABB Process Industries, also details, “Together with Sumitomo Corporation, we’re prepared to make further inroads in the challenge of decarbonizing heavy machinery in the mining industry. As a technology leader, we do not take this responsibility lightly and will investigate all options to drive effective change for leaner and cleaner operations. No organization can do this alone, and we share strong values and ideas with our new partner.”

Next steps include a complete feasibility assessment and review. ABB and Sumitomo Corporation will also collaborate closely to develop business models and methods of working to suit mining customers, including further connections with potential partners and go-to-market strategies.

About ABB

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they can outperform. At ABB, this is coined "Engineered to Outrun." The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).
http://www.abb.com/

ABB’s Process Automation business automates, electrifies and digitalizes industrial operations that address a wide range of essential needs – from supplying energy, water and materials, to producing goods and transporting them to market. With its < 20,000 employees, leading technology and service expertise, ABB Process Automation helps process, hybrid and maritime industries outrun – leaner and cleaner.
https://new.abb.com/about/our-businesses/process-automation

About Sumitomo Corporation

Sumitomo Corporation (TYO: 8053) is an integrated trading company with a strong global network comprising 125 offices in 63 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of “Enriching lives and the world,” based on Sumitomo’s business philosophy passed down for over 400 years.
Sumitomo Corporation

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