India, April 16 -- Rio Tinto (RTPPF.PK,RIO.L,RIO,RTNTF.PK) and AMG Metals & Materials, an energy transition solutions provider, said that they have signed a Memorandum of Understanding to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India.
AMG Metals & Materials is promoted by the two founders of Greenko and AM Green.
The companies 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 aluminiu...