Rio Tinto and AMG Explore Carbon-Neutral Aluminum Production in India
Rio Tinto, a prominent player in the global mining industry, and AMG Metals & Materials (AMG M&M), a recognized provider of energy transition solutions, are collaborating to explore an integrated low-emission aluminum production initiative in India. This comes through the recent signing of a Memorandum of Understanding (MOU) aimed at evaluating the feasibility of a groundbreaking aluminum venture powered by renewable energy sources. The potential project envisions an aluminum smelter with an output capacity of up to one million tonnes annually (Mtpa) and alumina production of two Mtpa, all fueled by solar and wind energy along with pumped hydro storage. The initial phase of the study will focus on a primary aluminum smelter capable of generating 500,000 tonnes annually at a strategically advantageous location in India.
Jérôme Pécresse, CEO of Rio Tinto Aluminium, expressed that this study marks a significant step toward expanding their global low-carbon aluminum footprint. He emphasized the importance of exploring innovative pathways for project execution in emerging markets, highlighting India's strategic position and its robust economic growth as attractive factors for this potential venture. The collaboration with AMG M&M provides an opportunity to develop a sustainable aluminum production approach that prioritizes renewable energy, aligning perfectly with Rio Tinto's long-term vision for a diversified and resilient aluminum business globally.
As part of the joint study, AMG M&M will examine a renewable energy solution in collaboration with Greenko while Rio Tinto will look into commercial alumina solutions. The study will ascertain the technology options for the smelting process to determine the most cost-effective solution for the project. Mahesh Kolli, President of AMG Metals & Materials and Greenko, stated that they have made substantial progress in offering decarbonization solutions that encompass electricity, molecules, chemicals, and fuels. He expressed enthusiasm for extending these sustainable practices into the materials sector. This memorandum has the potential to deliver much-needed low-carbon metal on a large scale, significantly advancing decarbonization efforts across global supply chains in multiple sectors, including automotive, construction, and consumer packaging.
AMG Metals & Materials was founded by Anil Chalamalasetty and Mahesh Kolli, who are also the founders of Greenko Group, one of India's top energy transition solution providers. Greenko is currently operational with a short-term capacity of ten gigawatts in renewable energy, including solar, wind, and hydro, and is actively constructing 100 GWh of single-cycle storage capacity across India. Furthermore, AM Green is working on low-emission ammonia projects at various locations in India, targeting a green ammonia production capacity of five Mtpa by 2030. Their first facility currently under construction in Kakinada aims to be one of the world's largest green ammonia plants, meeting the Renewable Fuel Standard Non-Biomass (RFNBO) criteria, thereby supporting net-zero emission goals both in India and in OECD markets. AM Green is also developing production capabilities for other zero-emission molecules and chemicals, such as green caustic soda, e-methanol, olefins, and biofuels to aid decarbonization in hard-to-abate industries. For further details, please visit www.amgreen.com.
Jérôme Pécresse, CEO of Rio Tinto Aluminium, expressed that this study marks a significant step toward expanding their global low-carbon aluminum footprint. He emphasized the importance of exploring innovative pathways for project execution in emerging markets, highlighting India's strategic position and its robust economic growth as attractive factors for this potential venture. The collaboration with AMG M&M provides an opportunity to develop a sustainable aluminum production approach that prioritizes renewable energy, aligning perfectly with Rio Tinto's long-term vision for a diversified and resilient aluminum business globally.
As part of the joint study, AMG M&M will examine a renewable energy solution in collaboration with Greenko while Rio Tinto will look into commercial alumina solutions. The study will ascertain the technology options for the smelting process to determine the most cost-effective solution for the project. Mahesh Kolli, President of AMG Metals & Materials and Greenko, stated that they have made substantial progress in offering decarbonization solutions that encompass electricity, molecules, chemicals, and fuels. He expressed enthusiasm for extending these sustainable practices into the materials sector. This memorandum has the potential to deliver much-needed low-carbon metal on a large scale, significantly advancing decarbonization efforts across global supply chains in multiple sectors, including automotive, construction, and consumer packaging.
AMG Metals & Materials was founded by Anil Chalamalasetty and Mahesh Kolli, who are also the founders of Greenko Group, one of India's top energy transition solution providers. Greenko is currently operational with a short-term capacity of ten gigawatts in renewable energy, including solar, wind, and hydro, and is actively constructing 100 GWh of single-cycle storage capacity across India. Furthermore, AM Green is working on low-emission ammonia projects at various locations in India, targeting a green ammonia production capacity of five Mtpa by 2030. Their first facility currently under construction in Kakinada aims to be one of the world's largest green ammonia plants, meeting the Renewable Fuel Standard Non-Biomass (RFNBO) criteria, thereby supporting net-zero emission goals both in India and in OECD markets. AM Green is also developing production capabilities for other zero-emission molecules and chemicals, such as green caustic soda, e-methanol, olefins, and biofuels to aid decarbonization in hard-to-abate industries. For further details, please visit www.amgreen.com.
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