Rio Tinto signs new partnership agreement to study low carbon aluminium project in Finland
03 Diciembre 2024 - 11:49PM
Business Wire
Rio Tinto has entered into a partnership agreement with the
Swedish investment company Vargas, Mitsubishi Corporation and other
international and local industry partners to study a low carbon
aluminium greenfield opportunity in Finland.
As the strategic industrial partner, Rio Tinto will provide the
Arctial partnership with access to its proven industry-leading AP60
technology and assist in what would be the first AP60 deployment in
an aluminium smelter outside Quebec, Canada. Developed by Rio
Tinto, AP60 is amongst the most efficient aluminium smelting
technologies currently available at commercial scale.
As a first step, Arctial will conduct a feasibility study and
environmental impact assessment for a potential greenfield
aluminium project in Kokkola, Finland.
The project, if successful, would be the first primary aluminium
development in continental Europe for over 30 years. Together with
Fortum, the leading carbon-free energy provider in the Nordics, the
project will assess sourcing competitive low-carbon energy from
existing and new production assets. Other local and industry
partners include the Finnish Industry Investment (TESI) and
international technology leaders.
Rio Tinto Aluminium chief executive Jérôme Pécresse said: “We
aim at being a significant investor and off-taker in this
partnership, which is aligned with our strategy to strengthen our
global leadership in low-carbon aluminium.
“Combining our AP60 technology with electricity not based on
fossil fuels presents an attractive opportunity to provide low
carbon aluminium, which will boost Europe’s industrial base and
support the manufacturing capabilities required for the energy
transition.”
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