10 May '18, 6pm

Apple Backs a New Joint Venture for Zero-Carbon Aluminum Smelting

Apple Backs a New Joint Venture for Zero-Carbon Aluminum Smelting

Aluminum production companies Alcoa and Rio Tinto announced Thursday the formation of Elysis, a joint venture company created to commercialize a new aluminum smelting process with no direct greenhouse gas emissions — with backing from tech giant Apple. Standing alongside Canadian Prime Minister Justin Trudeau, the two companies announced the technology, a new headquarters in Montreal, and a research and development facility in the Saguenay-Lac-Saint-Jean region of Quebec. Canada and Quebec will each invest $60 million, with Apple providing $13 million, as well as technical support. Total investment tops out at $188 million. Rio Tinto chief executive Jean-Sébastien Jacques called the new process “revolutionary,” while Alcoa said the technology would have wide-ranging environmental benefits. “This discovery has been long sought in the aluminum industry,” said Alcoa President...

Full article: https://www.greentechmedia.com/articles/read/apple-new-jo...

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