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The renewable energy solutions provider, Hydro Rein and Macquarie Asset Management’s Green Investment Group (GIG), a specialist green investor, agreed to form a joint venture named Feijão, which will operate after constructing a combined wind and solar power project, with a 586-megawatt capacity, in northeast Brazil. This action will replace coal as the main power source in the Alunorte alumina refinery. While in the Middle, Ma’aden’s agreement with GlassPoint reveals that the development of the world’s largest solar-powered steam plant at Ma’aden’s alumina refinery following its accomplishment will generate a 1500 MW solar steam facility to support the refinery diminishing carbon emissions by over 600,000 tonnes per annum.
Hydro Rein, a renewable energy solutions provider, and Macquarie Asset Management’s Green Investment Group (GIG), a specialist green investor, have signed an agreement to form a joint venture company Feijão. The company will build and operate a combined wind and solar power project, with a capacity of 586 megawatts, in northeast Brazil. As per the announcement by Hydro, Feijão will supply 100 per cent of the electricity required by Hydro’s bauxite mine Paragominas and replace the usage of coal at Hydro’s Alunorte alumina refinery by 2030 to further reduce carbon emissions.
The Saudi Arabia state-owned mining company headquartered in Riyadh, Ma'aden has signed a Memorandum of Understanding (MoU) with GlassPoint, the leading manufacturer of industrial solar steam generators using solar thermal technology to generate steam for industrial processes.
RUSAL, the Russian aluminium giant, under the "2022 RUSAL Scholarship" initiative, wishes to educationally aid highly qualified Guinean practitioners, cardiologists, surgeons, nursing specialists and laboratory assistants. The programme will guide 50 Guineans through higher medical education for free in the Krasnoyarsk State Medical University (KrasGMU) and Pharmaceutical College.
To know more: https://www.alcircle.com/news/rusal-allots-50-scholarships-to-eligible-guinean-students-for-free-medical-education-80568
The average alumina spot price in China has dived down by RMB 6 per tonne to rest at RMB 2,989 per tonne, and particularly in Shanxi, it has fallen by RMB 15 per tonne to halt at RMB 2,905 per tonne.
China's average alumina spot price has continued to fall for the second day in a row, although at a slower rate than the previous day. According to the Shanghai Metals Market data, the price has dipped by RMB 2 per tonne to stand at RMB 2,987 per tonne on Tuesday, May 31.
World alumina production in April 2022 came in at 11.063 million tonnes, registering a downfall of 2.73 per cent from 11.373 million tonnes in March, found the International Aluminium Institute. However, the output in March registered a month-on-month hike of 12.43 per cent from 10.116 million tonnes.
To know more: https://www.alcircle.com/news/world-daily-alumina-output-improves-in-april22-despite-a-3-monthly-fall-to-11-373-mt-iai-80567
Alumina production in Africa & Asia (ex-China) stood at 1.179 million tonnes in April 2022, registering a continued increase of 8.36 per cent month-on-month, according to the International Aluminium Institute (IAI) data. In March, the output stood at 1.088 million tonnes, up by 1.21 per cent from 1.075 million tonnes in February.
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