Alcoa To Supply Nexans With Aluminum From ELYSIS Tech
Portfolio Pulse from Benzinga Newsdesk
Alcoa has entered into an agreement to supply Nexans with low-carbon aluminum rod, incorporating metal from the ELYSIS technology. This technology, a partnership initiative, aims to eliminate direct greenhouse gas emissions from the traditional aluminum smelting process, replacing them with oxygen as a byproduct. The use of ELYSIS technology ensures that the aluminum rod produced will have significantly lower CO2 emissions.
February 01, 2024 | 1:49 pm
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Alcoa's agreement to supply Nexans with low-carbon aluminum rod using ELYSIS technology highlights its commitment to sustainability and innovation in reducing greenhouse gas emissions.
The agreement with Nexans positions Alcoa as a leader in sustainable aluminum production, leveraging the ELYSIS technology. This move is likely to be viewed positively by investors who are increasingly focusing on environmental, social, and governance (ESG) criteria. The innovative approach to reducing CO2 emissions in the smelting process could enhance Alcoa's market reputation and potentially lead to increased demand for its low-carbon aluminum products.
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