An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Rio Tinto invests to increase low-carbon AP60 aluminium production in Canada
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Rio Tinto is investing US$87 million to enhance low-carbon aluminium production at its AP60 smelter in Quebec, Canada. This investment will increase production by 45%, adding 26,500 metric tonnes annually, bringing total capacity to 86,500 metric tonnes. The project will secure jobs for approximately 100 employees and aligns with projected global aluminium market growth of 3.3% per year. The AP60 technology, known for its energy efficiency, reduces greenhouse gas emissions significantly.
Positive
Investment of US$87 million to enhance production capacity by 45%.
Addition of 26,500 metric tonnes to annual output, totaling 86,500 metric tonnes.
Secures employment for approximately 100 staff.
Aligns with global aluminium market growth projection of 3.3% per annum.
Negative
None.
MONTREAL--(BUSINESS WIRE)--
Rio Tinto is investing US$87 million to increase its low-carbon aluminium production in Canada with 16 new smelting cells at its AP60 smelter, in the Saguenay-Lac-Saint-Jean region of Quebec.
The investment will increase production at the smelter by around 45 per cent, or 26,500 metric tonnes of primary aluminium per year, to a capacity of 86,500 metric tonnes and provide a secure future for approximately 100 employees who work at the facility.
Rio Tinto projects that the global aluminium market will grow at an average rate of 3.3% per annum over the next decade with strong demand driven by the energy transition and decarbonisation.
Rio Tinto Aluminium chief executive Ivan Vella said: "Rio Tinto is committed to strengthening its position as a leader in low-carbon, hydro-powered aluminium production to meet the clear demand from our customers in North America and Europe. Our AP60 technology is one of the most energy efficient, environmentally friendly and cost effective systems in commercial production today. It produces some of the world’s lowest carbon aluminium with renewable hydropower here in Quebec. We are assessing options for further investments, as we progress development of the ELYSIS™ zero carbon smelting technology with our partners."
The new pots will be built in the existing building of the Complexe Jonquière’s AP60 technology centre, which currently has 38 pots. Work will begin in the spring of 2022 and is expected to be completed by the end of 2023. At the same time, Rio Tinto will study the potential to add more AP60 cells at the site.
The AP60 technology was developed by Rio Tinto's research and development teams, including the Arvida Research and Development Centre, and generates seven times less greenhouse gases than the industry average. Since their commissioning in Saguenay in 2013, the initial AP60 technology pots have produced more than 465,000 tonnes of low-carbon aluminium.
