Alcoa Signed Agreement to Supply Low-Carbon Aluminum

SEATTLE (Scrap Monster): Alcoa Corporation announced that it has reached an agreement with Hellenic Cables S.A.-one of Europe’s leading cable producers towards supply of low-carbon EcoLum brand aluminum. Incidentally, the EcoLum brand is part of Alcoa’s Sustana family of low carbon products, which it claims to have a carbon footprint that is around 3.5 times better than the industry average.

EcoLum aluminum is produced at hydroelectric-powered aluminum smelters and has less than 4.0 metric tons of CO2e emissions for every ton of metal produced, including both direct and indirect emissions across the entire production chain.

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Kelly Thomas, Executive Vice President and Chief Commercial Officer at Alcoa said that the company is proud to partner with Hellenic Cables and assist them in their stated mission to develop a sustainable energy future. Aluminum is a key material for a more sustainable future, he noted.

Meantime, Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables, said Hellenic finds strong alignment with Alcoa’s strategic priority to advance sustainably.

Alcoa has reported more than a three-fold annual increase for its Sustana aluminum products in its 2022 order book. The Sustana brand also includes EcoDura that comprises at least 50% recycled content and EcoSource- the world’s only low-carbon, smelter grade alumina brand.