Alcoa Joins First Suppliers Hub - Connecting Leading Companies with Low-Carbon Aluminum Technologies

SEATTLE (Scrap Monster):  Alcoa Corporation (NYSE: AA, ASX: AAI) today announced that it has joined the World Economic Forum’s First Suppliers Hub, a global repository of innovative suppliers providing materials needed to support the ambition of industrial decarbonization in the world by 2050.

First Suppliers Hub is a database of global final product and value chain suppliers created by the First Movers Coalition; both the First Movers Coalition (FMC) and First Suppliers Hub are within the World Economic Forum. Members of FMC set a target that at least 10 percent of their annual primary aluminum procurement volumes meet or exceed the Coalition’s definition for low-carbon primary aluminum. FMC defines low-carbon as below 3 tonnes CO2e per ton of primary aluminum on a cradle-to-gate basis. First Suppliers Hub simplifies First Movers Coalition members’ aim to leverage their purchasing power by sharing emerging decarbonization technologies that meet or exceed FMC’s low-carbon levels.

“Alcoa’s breakthrough technologies support our customers’ decarbonization efforts now and into the future,” said Renato Bacchi, Executive Vice President and Chief Commercial Officer at Alcoa. “By joining the First Suppliers Hub, we are further simplifying options for end-users at some of the world’s leading companies to reduce emissions within their supply chains.

“With ELYSIS®, we are capable of producing aluminum using an innovative carbon-free smelting process. Alcoa is working to bring our customers – and the world – closer to a lower carbon future.”

ELYSIS uses proprietary inert anode technology to eliminate all direct greenhouse gas emissions from the aluminum smelting process, making it possible to produce aluminum meeting the FMC definition when paired with renewable power to the smelter and low-carbon alumina. Alcoa and its ELYSIS technology partnership recently announced the next step in developing this technology with an industrial-scale demonstration project that will provide Alcoa with an offtake of ELYSIS material to help meet customer needs for more sustainable solutions.

While ELYSIS offers an exciting future, Alcoa has a portfolio of products available today to help customers reduce their carbon footprint.

 Courtesy: www.businesswire.com