Novelis Partners With Southern Company in Pursuit of Decarbonization Goals

Rhea-AI Summary

Southern Company and Novelis Inc. announce plans to partner on decarbonization efforts, with a focus on Novelis' new Bay Minette plant in Alabama. The plant aims to be carbon neutral for scope 1 and 2 greenhouse gas emissions and will receive renewable energy from Alabama Power's Renewable Subscription Program. The partnership will also explore technologies to reduce carbon emissions.

Positive

• Novelis' new Bay Minette plant aims to be carbon neutral for scope 1 and 2 greenhouse gas emissions.
• Novelis will receive renewable energy from Alabama Power's Renewable Subscription Program, reducing its scope 2 greenhouse gas emissions.
• The partnership will explore technologies such as hydrogen fuels, carbon capture, energy storage, and electrification of thermal processes to reduce carbon emissions.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / October 23, 2023 / Southern Company:

Southern Company

Novelis Inc., a leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling, and Southern Company, have announced plans to partner on decarbonization efforts. Their initial focus is on Novelis' new Bay Minette, Alabama, plant, which aims to be carbon neutral for scope 1 and 2 greenhouse gas emissions. The recycling and rolling plant is currently under construction to help meet the growing demand for more sustainable beverage packaging and will support the automotive industry in North America, including the increase in electric vehicle production.

Novelis will work with Southern Company subsidiary Alabama Power to provide the Bay Minette project with renewable energy to reduce its scope 2 greenhouse gas emissions. By participating in Alabama Power's Renewable Subscription Program, Novelis will directly support the creation of two, new 80-megawatt solar power generation plants in Alabama that will cover over half of the Bay Minette facility's renewable energy needs while avoiding 192 kilotons of CO2 emissions per year.

Novelis and Southern Company will also collaborate to advance new technologies to reduce Novelis' Scope 1 carbon emissions, including hydrogen fuels, carbon capture, energy storage and electrification of thermal processes. Through their corporate venture and R&D teams, Novelis and Southern Company are exploring projects for the Bay Minette facility, as well as other Novelis sites in North America.

"At Novelis, we believe that strong partnerships like this are critical to advancing our commitment to the environment, the economy and the communities in which we operate," said Suzanne Lindsay-Walker, Novelis' Vice President of Sustainability. "Partnering with Southern Company and Alabama Power on renewable energy solutions, such as solar power, and exploring new technologies for carbon reduction will help us as we seek to meet our goals to reduce carbon emissions by 30% by 2026 and be carbon neutral by 2050 or sooner."

"The future of clean energy depends on unlocking these types of partnerships," said Chris Cummiskey, Executive Vice President and Chief Commercial and Customer Solutions Officer for Southern Company Services. "Whether it's with new or existing companies, finding ways for Novelis and Southern Company to mutually identify and test innovative technologies will be key to advancing the availability of renewable power and reaching our respective decarbonization goals."

About Novelis

Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world's largest recycler of aluminum. Our ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage can and specialties industries throughout North America, Europe, Asia and South America. Novelis had net sales of $18.5 billion in fiscal year 2023. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com.

Forward-Looking Statements

Statements made in this news release that describe Novelis' intentions, expectations or predictions may be forward-looking statements within the meaning of securities laws. Examples of forward-looking statements in this news release include goals to reduce carbon emissions by 30% by 2026 and be carbon neutral by 2050 or sooner. Novelis cautions that, by their nature, forward-looking statements involve risk and uncertainty. We do not intend, and we disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Important risk factors which could impact outcomes are included under the caption "Risk Factors" in the company's Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended March 31, 2023.

View additional multimedia and more ESG storytelling from Southern Company on 3blmedia.com.

Contact Info:

Spokesperson: Southern Company
Website: https://www.3blmedia.com/profiles/southern-company
Email: info@3blmedia.com

SOURCE: Southern Company

View source version on accesswire.com:
https://www.accesswire.com/795556/novelis-partners-with-southern-company-in-pursuit-of-decarbonization-goals

FAQ

What are the decarbonization efforts that Southern Company and Novelis are partnering on?

Southern Company and Novelis are partnering on decarbonization efforts, with a focus on Novelis' new Bay Minette plant in Alabama.

What are the goals of Novelis in terms of carbon emissions?

Novelis aims to reduce carbon emissions by 30% by 2026 and be carbon neutral by 2050 or sooner.

How will Novelis reduce its scope 2 greenhouse gas emissions?

Novelis will receive renewable energy from Alabama Power's Renewable Subscription Program to reduce its scope 2 greenhouse gas emissions.

What technologies will be explored to reduce carbon emissions?

The partnership will explore technologies such as hydrogen fuels, carbon capture, energy storage, and electrification of thermal processes to reduce carbon emissions.