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Category: General
LONDON, April 17, 2025 /PRNewswire/ -- Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green.
Together, the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa of alumina production, both powered by renewable wind and solar energy firmed by pumped hydro storage. The development will comprise a study to evaluate a potential first phase 500,000 tonnes per annum primary aluminium smelter in a favourable location in India.
Rio Tinto Aluminium Chief Executive Jérôme Pécresse said: "This study is an important step in our ambition to grow our global, low-carbon aluminium footprint while exploring new project delivery approaches and opportunities in emerging markets. Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost responsible aluminium production powered by renewable energy. With its rapid economic growth and strategic position, India is a compelling location for this potential project and aligns with our long-term vision for a globally more diverse and resilient aluminium business."
As part of the study, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto will explore a commercial alumina solution. The study will also assess smelting technology options to determine the most cost-effective solution for the project.
Group President of AMG Metals & Materials and Greenko Mahesh Kolli said: "Over the last few years, we have been able to deliver a multitude of decarbonization solutions comprising electricity, molecules, chemicals and fuels. We are excited to expand that further to the materials space. This MOU could deliver much needed low-carbon metal at scale to propel decarbonization initiatives in global supply chains across auto, construction, consumer packaging and many more segments."
About AMG Metals & Materials
AMG Metals & Materials is incorporated by Anil Chalamalasetty and Mahesh Kolli, the founders of Greenko Group, one of India's leading energy transition solutions providers, and AM Green, a global decarbonization solution provider. Greenko has a near-term operational renewable energy capacity of 10 GW across solar, wind and hydro and is building 100 GWh of single cycle storage capacity across India. AM Green is developing low-carbon ammonia projects across multiple locations in India with a goal to reach 5 Mtpa of green ammonia capacity by 2030. Its first plant currently under construction in Kakinada with a projected capacity of 1 Mtpa of green ammonia will be one of the world's largest RFNBO compliant green ammonia facilities, supporting efforts to achieve net zero targets both in India and OECD markets. AM Green is also developing production capabilities for other net zero molecules and chemicals including green caustic soda, e-methanol, olefins & biofuels for decarbonization in hard to abate industries. Further information at www.amgreen.com
Contacts
AMG Metals & Materials
Suheil Imtiaz
Public Affairs & Strategic Communication
suheil.m@amgreen.com
Rio Tinto
media.enquiries@riotinto.com
Media Relations,
Media Relations,
Media Relations,
United Kingdom
Australia
Canada
Matthew Klar
Matt Chambers
Simon Letendre
M +44 7796 630 637
M +61 433 525 739
M +1 514 796 4973
David Outhwaite
Michelle Lee
Malika Cherry
M +44 7787 597 493
M +61 458 609 322
M +1 418 592 7293
Rachel Pupazzoni
Vanessa Damha
M +61 438 875 469
M +1 514 715 2152
Media Relations,
US
Jesse Riseborough
M +1 202 394 9480
Investor Relations,
Investor Relations,
United Kingdom
Australia
Rachel Arellano
Tom Gallop
M: +44 7584 609 644
M +61 439 353 948
David Ovington
Amar Jambaa
M +44 7920 010 978
M +61 472 865 948
Laura Brooks
M +44 7826 942 797
Weiwei Hu
M +44 7825 907 230
Rio Tinto plc
Rio Tinto Limited
6 St James's Square
Level 43, 120 Collins Street
London SW1Y 4AD
Melbourne 3000
United Kingdom
Australia
T +44 20 7781 2000
T +61 3 9283 3333
Registered in England
Registered in Australia
No. 719885
ABN 96 004 458 404
riotinto.com
Category: General
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Rio Tinto and AMG Metals & Materials to assess low-carbon aluminium project in India
