Rio Tinto considers Indian renewable energy aluminium smelter
Rio Tinto is considering constructing an aluminium smelter in India powered by wind and solar energy.
The global aluminium manufacturer will assess the feasibility of an integrated 1 million tonnes/year low-carbon aluminium project.
It has signed a memorandum of understanding with AMG Metals & Materials to jointly assess the plan.
The proposed site will also produce 2 million tonnes/year of alumina.
Both the smelter and the alumina production will be powered by wind and solar energy, firmed by pumped hydro storage.
The development will comprise a study to evaluate a potential first phase 500,000 tonnes/year aluminium smelter in a favourable location.
Rio Tinto Aluminium Chief Executive Jérôme Pécresse said: “This study is an important step in our ambition to grow our global, low-carbon aluminium footprint while exploring new project delivery approaches and opportunities in emerging markets.
“Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost responsible aluminium production powered by renewable energy.
“With its rapid economic growth and strategic position, India is a compelling location for this potential project and aligns with our long-term vision for a globally more diverse and resilient aluminium business.”
AMG Metals & Materials is promoted by the two founders of Greenko and AM Green.
As part of the study, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto will explore a commercial alumina solution.
The study will also assess smelting technology options to determine the most cost-effective solution for the project.
Group President of AMG Metals & Materials and Greenko, Mahesh Kolli, said: “Over the last few years, we have been able to deliver a multitude of decarbonisation solutions comprising electricity, molecules, chemicals and fuels. We are excited to expand that further to the materials space.
“This MOU could deliver much needed low-carbon metal at scale to propel decarbonisation initiatives in global supply chains across auto, construction, consumer packaging and many more segments.”
Source: www.aluminiumtoday.com