Alcoa Joins First Suppliers Hub - Connecting Leading Companies with Low-Carbon Aluminum Technologies
Alcoa (NYSE: AA) has joined the World Economic Forum's First Suppliers Hub, a global repository connecting companies with low-carbon aluminum technologies. This platform supports the First Movers Coalition's goal of industrial decarbonization by 2050, where members commit to procuring at least 10% of their annual primary aluminum at below 3 tonnes CO2e per ton. Alcoa offers ELYSIS®, a carbon-free smelting process, alongside their Sustana® product line including EcoLum®, EcoSource®, and EcoDura® aluminum products. The company's global smelting portfolio is currently 87% powered by renewable energy.
Alcoa (NYSE: AA) ha aderito al First Suppliers Hub del World Economic Forum, un repository globale che connette le aziende con tecnologie per l'alluminio a basse emissioni di carbonio. Questa piattaforma supporta l'obiettivo della First Movers Coalition di decarbonizzazione industriale entro il 2050, dove i membri si impegnano ad acquisire almeno il 10% del loro alluminio primario annuale con meno di 3 tonnellate di CO2e per tonnellata. Alcoa offre ELYSIS®, un processo di fusione senza carbonio, insieme alla sua linea di prodotti Sustana®, che include prodotti in alluminio EcoLum®, EcoSource® e EcoDura®. Il portafoglio globale di fusione dell'azienda è attualmente alimentato per l'87% da energia rinnovabile.
Alcoa (NYSE: AA) se ha unido al First Suppliers Hub del Foro Económico Mundial, un repositorio global que conecta a las empresas con tecnologías de aluminio de bajas emisiones de carbono. Esta plataforma apoya el objetivo de descarbonización industrial de la First Movers Coalition para 2050, donde los miembros se comprometen a adquirir al menos el 10% de su aluminio primario anual con menos de 3 toneladas de CO2e por tonelada. Alcoa ofrece ELYSIS®, un proceso de fusión sin carbono, junto con su línea de productos Sustana®, que incluye productos de aluminio EcoLum®, EcoSource® y EcoDura®. El portafolio global de fusión de la compañía está actualmente alimentado en un 87% por energía renovable.
알코아 (NYSE: AA)는 세계 경제 포럼의 First Suppliers Hub에 가입했습니다. 이는 저탄소 알루미늄 기술을 보유한 기업들을 연결하는 글로벌 레포지토리입니다. 이 플랫폼은 2050년까지 산업 탈탄소화를 목표로 하는 First Movers Coalition의 목표를 지원합니다. 회원들은 연간 주요 알루미늄의 최소 10%를 톤당 3톤 미만의 CO2e로 조달하는 것을 약속합니다. 알코아는 ELYSIS®라는 탄소 없는 주조 공정을 제공하며, Sustana® 제품 라인에는 EcoLum®, EcoSource®, EcoDura® 알루미늄 제품이 포함되어 있습니다. 회사의 글로벌 주조 포트폴리오는 현재 87%가 재생 에너지로 구동되고 있습니다.
Alcoa (NYSE: AA) a rejoint le First Suppliers Hub du Forum économique mondial, un répertoire mondial connectant les entreprises aux technologies de l'aluminium à faibles émissions de carbone. Cette plateforme soutient l'objectif de décarbonisation industrielle de la First Movers Coalition d'ici 2050, où les membres s'engagent à acquérir au moins 10% de leur aluminium primaire annuel à moins de 3 tonnes de CO2e par tonne. Alcoa propose ELYSIS®, un processus de fusion sans carbone, ainsi que sa gamme de produits Sustana® comprenant des produits en aluminium EcoLum®, EcoSource® et EcoDura®. Le portefeuille mondial de fusion de l'entreprise est actuellement alimenté à 87% par de l'énergie renouvelable.
Alcoa (NYSE: AA) hat sich dem First Suppliers Hub des Weltwirtschaftsforums angeschlossen, einem globalen Repository, das Unternehmen mit Technologien für kohlenstoffarmen Aluminium verbindet. Diese Plattform unterstützt das Ziel der First Movers Coalition der industriellen Dekarbonisierung bis 2050, wobei sich die Mitglieder verpflichten, mindestens 10% ihres jährlichen Primäraluminiums mit weniger als 3 Tonnen CO2e pro Tonne zu beschaffen. Alcoa bietet ELYSIS®, einen kohlenstofffreien Schmelzprozess, zusammen mit ihrer Produktlinie Sustana®, die EcoLum®, EcoSource® und EcoDura® Aluminiumprodukte umfasst. Das globale Schmelzportfolio des Unternehmens wird derzeit zu 87% mit erneuerbarer Energie betrieben.
- Joined strategic platform (First Suppliers Hub) to connect with major customers seeking low-carbon aluminum
- 87% of global smelting portfolio powered by renewable energy
- Offers innovative carbon-free smelting process (ELYSIS) technology
- Development of industrial-scale demonstration project for ELYSIS technology
- None.
Insights
The joining of First Suppliers Hub represents a strategic positioning move in the growing low-carbon aluminum market, though immediate financial impact is The ELYSIS technology demonstration project and Sustana product line showcase Alcoa's commitment to green aluminum production, but revenue generation remains in early stages.
The key competitive advantage lies in Alcoa's 87% renewable energy-powered smelting portfolio and carbon footprint that's one-third of industry average. This positions them well for future contracts as major manufacturers increasingly prioritize low-carbon materials. However, the 10% procurement volume target set by First Movers Coalition suggests a gradual rather than immediate market transformation.
First Suppliers Hub is a database of global final product and value chain suppliers created by the First Movers Coalition; both the First Movers Coalition (FMC) and First Suppliers Hub are within the World Economic Forum. Members of FMC set a target that at least 10 percent of their annual primary aluminum procurement volumes meet or exceed the Coalition’s definition for low-carbon primary aluminum. FMC defines low-carbon as below 3 tonnes CO2e per ton of primary aluminum on a cradle-to-gate basis. First Suppliers Hub simplifies First Movers Coalition members’ aim to leverage their purchasing power by sharing emerging decarbonization technologies that meet or exceed FMC’s low-carbon levels.
“Alcoa’s breakthrough technologies support our customers’ decarbonization efforts now and into the future,” said Renato Bacchi, Executive Vice President and Chief Commercial Officer at Alcoa. “By joining the First Suppliers Hub, we are further simplifying options for end-users at some of the world’s leading companies to reduce emissions within their supply chains.
“With ELYSIS®, we are capable of producing aluminum using an innovative carbon-free smelting process. Alcoa is working to bring our customers – and the world – closer to a lower carbon future.”
ELYSIS uses proprietary inert anode technology to eliminate all direct greenhouse gas emissions from the aluminum smelting process, making it possible to produce aluminum meeting the FMC definition when paired with renewable power to the smelter and low-carbon alumina. Alcoa and its ELYSIS technology partnership recently announced the next step in developing this technology with an industrial-scale demonstration project that will provide Alcoa with an offtake of ELYSIS material to help meet customer needs for more sustainable solutions.
While ELYSIS offers an exciting future, Alcoa has a portfolio of products available today to help customers reduce their carbon footprint.
Alcoa also offers its Sustana® line of products that includes:
- EcoLum® aluminum that has a carbon footprint one-third the global industry average;
- EcoSource® alumina produced from a refining portfolio that has an average emissions intensity that is less than half of the industry average; and
- EcoDura® aluminum produced with at least 50 percent recycled content.
For more information on Alcoa’s commitment to a low-carbon future, including how Alcoa’s global smelting portfolio is 87 percent powered by renewable energy, visit our Sustainability web page at https://www.alcoa.com/sustainability.
About Alcoa Corporation
Alcoa (NYSE: AA, ASX: AAI) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate.
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Investor Contact:
Yolande Doctor
412-992-5450
Yolande.B.Doctor@alcoa.com
Media Contact:
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Source: Alcoa
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