# Alcoa and IGNIS EQT form joint venture for San Ciprián smelter

Alcoa Corporation and IGNIS Equity Holdings formed a joint venture to support the San Ciprián complex in Spain. Alcoa owns 75% and IGNIS EQT 25%, with contributions of $81 million and $27 million respectively. The joint venture enables the planned restart of the smelter in 2025.

- Type: Partnership
- Announced: 2025-04-01
- Where: San Ciprián, Spain, Spain
- Value: $108.0M
- Status: announced
- Products: aluminum smelter products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Alcoa Corporation](https://endata.com/companies/7297.md) (partner)
- [IGNIS Equity Holdings](https://endata.com/companies/83852.md) (partner)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20250331110715/en/Alcoa-and-IGNIS-EQT-Form-Joint-Venture-to-Support-Future-of-Alcoa-San-Ciprin-Operations), 2025-04-01: "Under the joint venture agreement, effective March 31, 2025, Alcoa will own a 75 percent interest and continue as the managing operator and IGNIS EQT will own a 25 percent interest."

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