

(Posted on 04/12/24)
Rio Tinto has entered into a partnership agreement with the Swedish investment company Vargas, Mitsubishi Corporation and other international and local industry partners to study a low carbon aluminium greenfield opportunity in Finland.
As the strategic industrial partner, Rio Tinto will provide the Arctial partnership with access to its proven industry-leading AP60 technology and assist in what would be the first AP60 deployment in an aluminium smelter outside Quebec, Canada. Developed by Rio Tinto, AP60 is amongst the most efficient aluminium smelting technologies currently available at commercial scale.
As a first step, Arctial will conduct a feasibility study and environmental impact assessment for a potential greenfield aluminium project in Kokkola, Finland.
The project, if successful, would be the first primary aluminium development in continental Europe for over 30 years. Together with Fortum, the leading carbon-free energy provider in the Nordics, the project will assess sourcing competitive low-carbon energy from existing and new production assets. Other local and industry partners include the Finnish Industry Investment (TESI) and international technology leaders.
Rio Tinto Aluminium chief executive Jérôme Pécresse said: “We aim at being a significant investor and off-taker in this partnership, which is aligned with our strategy to strengthen our global leadership in low-carbon aluminium.
“Combining our AP60 technology with electricity not based on fossil fuels presents an attractive opportunity to provide low carbon aluminium, which will boost Europe’s industrial base and support the manufacturing capabilities required for the energy transition.”
As of April 25, 2025, farmers in all regions of Ukraine have sown 2M hectares (ha) of spring grain and... Read more
GrainCorp’s rail site at Condobolin, in the heart of central west New South Wales, Australia,... Read more
Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have... Read more
BHP has released its Operational Review for the nine months ended 31 March 2025.BHP Chief Executive... Read more
The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions... Read more
In a strategic move to empower UAE exporters and advance the nation’s economic diversification... Read more
Anglo American plc has noted the recent statement issued by Peabody Energy in relation to the definitive... Read more
Rio Tinto’s first locally made iron ore rail car has been built in Western Australia, as it steps... Read more
ADM and Mitsubishi Corporation have signed a non-binding memorandum of understanding to form a strategic... Read more
ESL Shipping and global steel manufacturer SSAB have agreed on a multi-year extension of the agreement... Read more