Rio Tinto partners to explore low carbon aluminium project in Finland

In a significant step towards sustainable aluminium production, Rio Tinto has formed a partnership with Vargas, Mitsubishi Corporation, and local industry partners to explore a low carbon aluminium opportunity in Finland. This agreement, focused on a greenfield project, marks a strategic move to implement the innovative AP60 technology outside of its original deployment area in Quebec, Canada. Located in Kokkola, Finland, this potential project is noteworthy as it would become the first primary aluminium development in continental Europe in over three decades. Arctial, the partnership's entity, will kick off the venture with a feasibility study and an environmental impact assessment. This project seeks alternative sourcing of competitive low-carbon energy, collaborating with Fortum, a leader in carbon-free energy in the Nordics. The collaboration with both local partners such as the Finnish Industry Investment (TESI) and international technology leaders aims to strengthen Europe's industrial base amid a global transition towards greener manufacturing processes. By leveraging Rio Tinto’s AP60 technology, which boasts high efficiency in aluminium smelting, the initiative aims to set a precedent for sustainable practices in the aluminium sector in Europe. Jérôme Pécresse, CEO of Rio Tinto Aluminium, emphasized the company’s commitment to being a major investor in this partnership. He indicated that the successful implementation of the AP60 technology combined with non-fossil fuel-based electricity could fulfill the growing demand for low carbon aluminium. This endeavor not only aims to boost the manufacturing capabilities necessary for energy transition but also positions Rio Tinto as a leader in the evolving global low carbon market.