Rio Tinto has partnered with AMG Metals & Materials (AMG M&M), an energy transition solutions company supported by the founders of Greenko and AM Green, to evaluate the viability of creating an integrated low-carbon aluminium facility in India, powered entirely by renewable energy. The two companies have signed a Memorandum of Understanding (MOU).
This partnership is expected to consider the potential development of up to 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa of alumina refining capacity, both fully powered by wind and solar energy backed by pumped hydro storage.
“Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost, responsible aluminium 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 aluminium business,” said Jérôme Pécresse, Chief Executive at Rio Tinto Aluminium.
They will also conduct a study to evaluate a potential first phase 500,000 tonnes per annum primary aluminium smelter in a strategic location in India.
Jérôme Pécresse explained that, “this study is an important step in our ambition to grow our global, low-carbon aluminium footprint while exploring new project delivery approaches and opportunities in emerging markets.”
The partnership brings forth AMG M&M’s firm renewable energy solution with Greenko, while Rio Tinto is to explore a commercial alumina solution. The study will also evaluate different smelting technologies to identify the most cost-efficient option for the project, according to the report.
Group President of AMG Metals & Materials and Greenko Mahesh Kolli said, “Over the last few years, we have been able to deliver a multitude of decarbonization solutions comprising electricity, molecules, chemicals and fuels. 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,” he added.