Rio Tinto and AMG Metals & Materials to assess low-carbon aluminium project in India

Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green.  Together, the parties

Aluminium sector requires $29 bn investment for netzero emissions

According to a recent independent study by the Council on Energy, Environment, and Water (CEEW), the Indian aluminium industry would necessitate an additional capital expenditure (CAPEX) of nearly Rs 2.2 lakh crore (approximately Rs 29 billion) to attain netzero carbon emissions. Additionally, renewable energy (RE) power sources could mitigate 49% of the total emissions generated

Aluminum exports from India may get impacted by CBAM

According to statistics, India has an annual production capacity of primary aluminum of 4.1 million tons, accounting for 6% of total global production, of which 56% is for export

Aluminium will speedup journey to net zero

According to a 2017 World Bank report, ‘The Growing Role of Minerals and Metals for a Low Carbon Future’, aluminium is one among a select group of metals that will lead the global transition to a low-carbon future.