Alcoa Announces Agreement on Industrial-Scale Demonstration of ELYSIS™ Carbon-Free Smelting Technology
28 Junho 2024 - 11:00AM
Business Wire
Alcoa Corporation (NYSE: AA) today announced further progress on
ELYSIS technology with Rio Tinto’s plans to launch the first
industrial-scale demonstration of the breakthrough technology,
which eliminates all greenhouse gas (GHG) emissions from the
traditional smelting process and produces oxygen as a
byproduct.
Established in 2018, ELYSIS is a technology partnership between
Alcoa and Rio Tinto to advance technology first developed at the
Alcoa Technical Center (ATC) outside of Pittsburgh. Rio Tinto’s
demonstration project will occur at Arvida in Quebec, Canada, and
includes 10 ELYSIS smelting pots operating at 100 kiloamperes (kA),
a size similar to those operating at smaller-scale commercial
smelters.
Alcoa has the right to purchase up to 40 percent of the metal
produced from the demonstration at Arvida, allowing for Alcoa
customers to benefit from ELYSIS’s carbon-free electrolytic process
early in the technology development cycle. The target for first
production is by 2027.
“Since inventing the aluminum smelting process in 1886, which is
still in use today, Alcoa has continued to create transformational
technologies to improve our industry,” said William F. (Bill)
Oplinger, President and Chief Executive Officer of Alcoa
Corporation. “We are proud to progress the technology initially
developed at our technical center to its next phase within the
ELYSIS partnership. Aluminum plays a critical role in the world’s
energy transition and decarbonization efforts; with the ELYSIS
technology, the smelting of this important metal can also be done
without direct carbon emissions.”
To support the industrial demonstration, Alcoa will manufacture
the proprietary ELYSIS anodes and cathodes at ATC, which will
include installing and operating new equipment. Alcoa anticipates
benefitting from the learnings of this phase of the demonstration
and expects to apply them to future phases in ELYSIS’s development.
Metal produced through the ELYSIS process will further improve upon
Alcoa's lower carbon products already on the market, such as the
Sustana™ product line.
As the technology provider, ELYSIS retains full ownership of the
intellectual property of its proprietary technology.
About Alcoa Corporation
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina
and aluminum products with a vision to reinvent the aluminum
industry for a sustainable future. With a values-based approach
that encompasses integrity, operating excellence, care for people
and courageous leadership, our purpose is to Turn Raw Potential
into Real Progress. Since developing the process that made aluminum
an affordable and vital part of modern life, our talented Alcoans
have developed breakthrough innovations and best practices that
have led to greater efficiency, safety, sustainability and stronger
communities wherever we operate.
Forward-Looking Statements
This press release contains statements that relate to future
events and expectations and as such constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include those
containing such words as “aim,” “ambition,” “anticipates,”
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“plans,” “potential,” “projects,” “reach,” “seeks,” “sees,”
“should,” “targets,” “will,” “working,” “would,” or other words of
similar meaning. All statements by Alcoa Corporation that reflect
expectations, assumptions or projections about the future, other
than statements of historical fact, are forward-looking statements.
Forward-looking statements are not guarantees of future performance
and are subject to known and unknown risks, uncertainties, and
changes in circumstances that are difficult to predict. Although
Alcoa Corporation believes that the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it
can give no assurance that these expectations will be attained, and
it is possible that actual results may differ materially from those
indicated by these forward-looking statements due to a variety of
risks and uncertainties. Additional information concerning factors
that could cause actual results to differ materially from those
projected in the forward-looking statements is contained in Alcoa
Corporation’s filings with the Securities and Exchange Commission.
Alcoa Corporation disclaims any obligation to update publicly any
forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240627543998/en/
Investor Contact: James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact: Courtney Boone 412-527-9792
Courtney.Boone@Alcoa.com
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