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Alcoa and Rio Tinto announced a joint venture, Elysis, to develop and commercialize a carbon-free aluminum smelting process. The JV will be headquartered in Montreal with a research facility in Saguenay–Lac-Saint-Jean, Quebec. Governments of Canada and Quebec and Apple invested CAD 188 million. Technology package planned for sale from 2024.
“Alcoa and Rio Tinto today announced a revolutionary process to make aluminum that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process.”investors.alcoa.com
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