Rio Tinto and AMG Metals & Materials, an energy transition solutions provider, signed an memorandum of understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminum project powered by renewable energy in India.
Together, the parties will consider the potential development of a primary aluminum smelter with a capacity of up to a 1 million tpy and alumina production of up to 2 million tpy, both powered by renewable wind and solar energy, supported by pumped hydro storage. The development will comprise a study to evaluate a potential first phase 500,000 tpy primary aluminum smelter at a favorable location in India.
“This study is an important step in our ambition to grow our global, low-carbon aluminum footprint while exploring new project delivery approaches and opportunities in emerging markets,” said Jérôme Pécresse, chief executive of Rio Tinto Aluminium. “Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost responsible aluminum production powered by renewable energy. With its rapid economic growth and strategic position, India is a compelling location for this potential project and aligns with our long-term vision for a globally more diverse and resilient aluminum business.”
As part of the study, AMG will examine a firmed renewable energy solution with Greenko, while Rio Tinto will explore a commercial alumina solution. The study will also assess smelting technology options to determine the most cost-effective solution for the project.
“Over the last few years, we have been able to deliver a multitude of decarbonization solutions comprising electricity, molecules, chemicals and fuels,” said Mahesh Kolli, group president of AMG Metals & Materials and Greenko. “We are excited to expand that further to the materials space. This MOU could deliver much needed low-carbon metal at scale to propel decarbonization initiatives in global supply chains across auto, construction, consumer packaging and many more segments.”