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11 MAY 2018 AL CIRCLE

Rio and Alcoa form JV for world’s first carbon-free aluminium smelting process

EDITED BY : HEENA IQBAL 2MINS READ

Alcoa Corporation and Rio Tinto, supported by technology giant Apple, will develop and commercialise a new aluminium smelting process that eliminates all direct greenhouse gas emissions from the traditional smelting process. Alcoa and Rio Tinto are forming Elysis, Montreal-based joint venture company, to further develop the new process with a technology package planned for sale beginning in 2024.

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Alcoa and Rio Tinto will invest $55 million (CAD) cash over the next three years and contribute specific intellectual property and patents.

Rio Tinto chief executive J-S Jacques said: “This is a revolutionary smelting process that can deliver a significant reduction in carbon emissions. It builds on the key role aluminium has to play in driving human progress, by making products infinitely recyclable, stronger, lighter and more fuel efficient.”

"Today, our history of innovation continues as we take aluminium’s sustainable advantage to a new level with the potential to improve the carbon footprint of a range of products from cars to consumer electronics,” Alcoa President and CEO Roy Harvey said.

Apple will invest $13 million (CAD) in the new technology. The company helped facilitate the collaboration between Alcoa and Rio Tinto on the carbon-free smelting process, and will provide technical support to the JV partners.

Canada and Quebec will also invest $60 million (CAD) in Elysis. The Quebec government will have a 3.5 percent equity stake in the JV with the remaining ownership to be split between Alcoa and Rio Tinto.

“With the establishment of this new facility, Québec will continue to lead the world in the development of advanced aluminium smelting technologies. Our investment will play a key role in the large scale development of this carbon-free aluminium smelting technology, so it can be deployed and deliver significant environmental benefits with well paid, highly skilled jobs here in Québec,” Premier of Québec Philippe Couillard said

The JV intends to invest up to $40 million (CAD) in the United States to support the supply chain for the proprietary anode and cathode materials.

The patent-protected technology, developed by Alcoa, is currently producing metal at the Alcoa Technical Center, near Pittsburgh in the United States. It has been operating at different scales since 2009.


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EDITED BY : HEENA IQBAL 2MINS READ

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