Our products
Investors
Sustainability
Career
Press-center
Innovations
- Main
- Press-center
- Press-releases
- RUSAL and Mingtai Aluminium form partnership to produce low carbon products
Press-releases
- Main
- Press-center
- Press-releases
- RUSAL and Mingtai Aluminium form partnership to produce low carbon products
19.01.2021
RUSAL and Mingtai Aluminium form partnership to produce low carbon products
Moscow, January 19, 2020 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce a partnership with Henan Mingtai Aluminum Co., Ltd, a large-scale modern aluminium processing enterprise, to deliver low-carbon aluminium products in response to the growing market demand.
This partnership will build on both companies’ expertise, underpinning the drive and commitment towards a low-carbon future. RUSAL’s strategic supply of low-carbon primary aluminium under the ALLOW brand will be delivered to Mingtai’s plants, including the new Gwangyang rolling mill in South Korea. The Gwangyang complex will commence its operations in Q3 2021, delivering products with a reduced carbon footprint.
RUSAL is the world’s largest producer of low-carbon aluminium through its ALLOW brand, crafted using renewable hydropower. ALLOW will enable Mingtai Aluminium to offer products with a carbon footprint several times lower than the industry average. ALLOW’s average carbon footprint is 2.4 tonnes of CO2 equivalent per tonne of aluminium produced (Scope 1&2, at smelter). This is in line with the evolving market requirement for low-carbon aluminium of no more than 4 tonnes of CO2 equivalent per tonne of aluminium produced, which is several times lower than the global average of around 12 tonnes.
In addition to this, Mingtai and RUSAL will work together as part of a collaborative undertaking on their research and development activities to produce innovative alloys and develop new mould dimensions.
Roman Andryushin, Sales and Marketing Director at RUSAL, commented: “This partnership is once again further proof of our focus on reaching a sustainable, low carbon world. Together with Mingtai, we look forward to providing our customers with our ALLOW aluminium which has a low carbon footprint, assisting with their climate change strategy and making a positive impact for the future of society“.
This partnership will build on both companies’ expertise, underpinning the drive and commitment towards a low-carbon future. RUSAL’s strategic supply of low-carbon primary aluminium under the ALLOW brand will be delivered to Mingtai’s plants, including the new Gwangyang rolling mill in South Korea. The Gwangyang complex will commence its operations in Q3 2021, delivering products with a reduced carbon footprint.
RUSAL is the world’s largest producer of low-carbon aluminium through its ALLOW brand, crafted using renewable hydropower. ALLOW will enable Mingtai Aluminium to offer products with a carbon footprint several times lower than the industry average. ALLOW’s average carbon footprint is 2.4 tonnes of CO2 equivalent per tonne of aluminium produced (Scope 1&2, at smelter). This is in line with the evolving market requirement for low-carbon aluminium of no more than 4 tonnes of CO2 equivalent per tonne of aluminium produced, which is several times lower than the global average of around 12 tonnes.
In addition to this, Mingtai and RUSAL will work together as part of a collaborative undertaking on their research and development activities to produce innovative alloys and develop new mould dimensions.
Roman Andryushin, Sales and Marketing Director at RUSAL, commented: “This partnership is once again further proof of our focus on reaching a sustainable, low carbon world. Together with Mingtai, we look forward to providing our customers with our ALLOW aluminium which has a low carbon footprint, assisting with their climate change strategy and making a positive impact for the future of society“.
Latest news
01.03.21
RUSAL attracts RUB 45 bln loans for TaAZ construction
Moscow, 1 March 2021 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, announces that it has signed and started the drawdown of a syndicated loan agreement for 45 billion rubles with VTB and Gazprombank. The funds raised will be used to finance capital expenditure for the completion of the first start-up complex of the Taishet aluminium smelter (TaAZ).
25.02.21
RUSAL to invest RUB 4.5 bn in the modernization of the Sayanogorsk and Khakas Aluminium smelters in 2021
Moscow, 25 February 2021 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, will invest RUB 4.5 bn this year in modernizing the Sayanogorsk and Khakas Aluminium smelters.
19.02.21
RUSAL raised USD200m under new sustainability-linked pre-export financing
Moscow, February 19, 2021 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, announces the signing of its second sustainability-linked pre-export finance facility for up to USD200m.
19.02.21
RUSAL becomes preferred global supplier to Kosei
Moscow, 19 February 2021 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce that it has been named the preferred global supplier of high-quality primary foundry alloys for Kosei, the global wheel and auto components manufacturer.
11.02.21
RUSAL strengthens premium automotive offering with acquisition of aluminium producer in Germany
Moscow, 11 February, 2021 – RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, announces that it has agreed to acquire the business and assets of the Aluminium Rheinfelden GmbH out of insolvency.