Partnership on sustainable supply of materials for the energy transition
(Posted on 31/10/23)
Rio Tinto and cable solution provider Prysmian are partnering to build a more sustainable North American supply chain for materials needed to expand power grids for the energy transition.
Power generation from renewables in the U.S. is expected to increase from 21% in 2021 to 44% in 20501, requiring significant investments in power grids and boosting demand for innovative materials used in electrification projects.
To help satisfy this increased demand, Rio Tinto and Prysmian have signed a five-year supply agreement for low-carbon aluminium made with renewable hydropower from Rio Tinto’s Canadian operations. This agreement will support Prysmian’s decarbonization drive towards achieving its objective to be carbon neutral by 2050.
The companies have also signed a joint development agreement to leverage their technologies, research and development capabilities, and technical expertise to develop multi-material solutions in support of North America’s growing electrification demand.
Rio Tinto Vice President of Aluminium Sales Amy Abraham said: “We are proud to work together with Prysmian to strengthen their North American supply chain for aluminium produced to the highest sustainability standards and develop the materials needed to produce more advanced power cables. These types of products are critical for the power grid expansion that is needed for the transition to renewable energy sources and a low carbon future.”
Prysmian Group North America’s Chief Executive Officer Andrea Pirondini said: “It is an exciting time to work with Rio Tinto and source this green aluminium that will guide us towards a more sustainable value chain for cable production. At Prysmian, we prioritize collaboration with our customers and suppliers as we steer North America towards a greener future, leading in the sustainable energy transition. With strategic partners such as Rio Tinto, Prysmian is committed to achieving net-zero emissions across our entire value chain by 2050.”
Latest News
Rio Tinto reaches four billion tonnes of iron ore shipped to China
(Posted on 22/07/24)Rio Tinto has celebrates the shipment of four billion tonnes of iron ore from the Pilbara in Western... Read more
Africa’s opportunity to build sustainable logistics networks across mining sector
(Posted on 18/07/24)Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) has said that Africa’s mining sector... Read more
Conditions on Simandou iron ore investment now satisfied
(Posted on 16/07/24)All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high... Read more
ADM offers segregated, traceable soybean meal to European customers
(Posted on 12/07/24)ADM, a global leader in innovative solutions from nature, has announced that it is offering fully verified... Read more
Rio Tinto to install carbon free aluminium smelting cells
(Posted on 04/07/24)Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec,... Read more
Moonbound appoints ASL for long-term South African lithium logistics project
(Posted on 28/06/24)Moonbound Mining Ltd. has appointed Adhira Shipping and Logistics (ASL) as its logistics contractor... Read more
ADM and Bayer collaboration help farmers achieve lower carbon emissions
(Posted on 19/06/24)ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more
US House appropriations bill includes reinstatement of NASS reports
(Posted on 14/06/24)A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more
Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter
(Posted on 14/06/24)Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more
Richards Bay Minerals’ renewable energy agreement
(Posted on 07/06/24)Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more
