Tag: aluminium

Alcoa Corporation has received A$10.3 million of funding from Australian governments to conduct pilot trials on a new carbon reduction technology that supports Alcoa’s Refinery of the Future initiative. Alcoa of Australia has received support to test electric calcination with A$8.6 million from The Australian Renewable Energy Agency (ARENA) and A$1.7 million from Western Australia’s Clean Energy Future Fund (CEFF). Calcination is the final stage in the alumina refining process and uses fossil fuels, primarily natural gas, to heat alumina hydrate crystals. Electric calcination, when powered with renewable energy, has the potential to significantly reduce carbon emissions. Additionally, electrification of calciners would allow significant amounts of residual energy, currently lost in the atmosphere as steam, to be captured and reused,…

A $189M new high purity alumina (HPA) plant will be established in Kwinana, WA, by FYI Resources, with about 30pc of the financing secured from a European private fund. Luxembourg’s GEM Global Yield, a US$3.4b alternative investment group, will be financing $80m or about 30pc of the cost to build the proposed Kwinana plant. First production of HPA is targeted in the second quarter of 2022, with the company aiming to produce up to 8000tpa. FYI Resources managing director Roland Hill says the company is pleased to secure significant equity funding, which will de-risk the project by providing funding access at critical development stages. “Our definitive feasibility study outcome was outstanding, with results within five pc of our pre-feasibility study…