Rio Tinto (RIO) Invests $179M in Carbon-Free Aluminum JV
RIORio Tinto(RIO) ZACKS·2024-07-02 17:11

Rio Tinto (RIO) is set to install carbon-free aluminum smelting cells at its Arvida smelter in Québec, Canada, thus utilizing the first technology license issued by the ELYSIS joint venture. The groundbreaking ELYSIS technology aims to eliminate all direct greenhouse gases (GHGs) from the conventional aluminum smelting process, by producing oxygen as a byproduct while improving efficiency by producing more aluminum at lower costs. This pilot operation is expected to be a pivotal step in the large-scale indu ...