# Alcoa and Rio Tinto form joint venture Elysis for carbon-free aluminum smelting

Alcoa and Rio Tinto formed a joint venture, Elysis, to develop and commercialize a carbon-free aluminum smelting process, with a $558 million project investment, headquartered in Quebec, creating 100 direct jobs and potential for 1,000 more by 2030.

- Type: Partnership
- Announced: 2018-05-10
- Where: Saguenay–Lac-Saint-Jean, Quebec, Canada
- Value: $558.0M
- Jobs: 100
- Status: announced
- Products: aluminum, carbon-free aluminum smelting technology
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Elysis](https://endata.com/companies/31815.md)
- [Alcoa Corporation](https://endata.com/companies/7297.md) (partner)
- [Rio Tinto Aluminum](https://endata.com/companies/31825.md) (partner)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/alcoa-and-rio-tinto-announce-worlds-first-carbon-free-aluminum-smelting-process-682307441.html), 2018-05-10: "Today's announcement will create and maintain thousands of jobs for Canadians, significantly reduce Canada's carbon footprint."

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