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Rio Tinto Aluminum and Alcoa Corporation announced a joint venture called Elysis to commercialize a patented aluminum production method that eliminates direct greenhouse gas emissions, backed by Apple. The process is expected to reach commercial scale by 2024.
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.