# Alcoa and Rio Tinto launch carbon-free aluminum smelting JV Elysis

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.

- Type: Partnership
- Announced: 2018-05-10
- Where: Montreal, Quebec; Saguenay–Lac-Saint-Jean, Quebec, Canada
- Value: $146.0M (188.0M CAD)
- Status: announced
- Products: carbon-free aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Elysis](https://endata.com/companies/31815.md)
- [Apple](https://endata.com/companies/2967.md) (investor)
- [Rio Tinto](https://endata.com/companies/4215.md) (partner)
- [Alcoa Corporation](https://endata.com/companies/7297.md) (partner)

## Sources

- [investors.alcoa.com](https://investors.alcoa.com/press-releases/press-release-details/2018/Alcoa-and-Rio-Tinto-Announce-Worlds-First-Carbon-Free-Aluminum-Smelting-Process/default.aspx), 2018-05-10: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.