Teck enters rail agreement with CPKC

Teck Resources said Canadian Pacific Kansas City (CPKC) and Teck Coal have entered into a long-term rail agreement for the transportation of steelmaking coal from Teck’s four operations in southeastern British Columbia. 

The agreement builds on existing services in place and runs until the end of 2026.

Additionally, the companies intend to collaboratively develop a unique pilot program that integrates the use of CPKC’s hydrogen locomotives into Teck’s steelmaking coal supply chain. It is anticipated that this effort will reduce greenhouse gas emissions, with testing commencing in early 2024.

“This collaboration with CPKC to pioneer hydrogen locomotive technology supports our climate action strategy and our objective of achieving net zero by 2050,” said Teck CEO Jonathan Price. 

“The agreement complements our Neptune Terminals investment and other secured West Coast port capacity to support the efficient movement of our high-quality Canadian steelmaking coal to our global customers.”

Source: Teck Resources

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