{"id":21581,"date":"2025-04-17T13:53:16","date_gmt":"2025-04-17T06:53:16","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=21581"},"modified":"2025-04-17T13:53:16","modified_gmt":"2025-04-17T06:53:16","slug":"rio-tinto-and-amg-metals-materials-to-assess-low-carbon-aluminium-project-in-india","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=21581","title":{"rendered":"Rio Tinto and AMG Metals & Materials to assess low-carbon aluminium project in India"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

LONDON<\/span><\/span>, April 17, 2025<\/span><\/span> \/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<\/span>. AMG M&M is promoted by the two founders of Greenko and AM Green.<\/p>\n

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\u00a0firmed\u00a0by\u00a0pumped\u00a0hydro\u00a0storage. The\u00a0development\u00a0will\u00a0comprise a\u00a0study\u00a0to\u00a0evaluate\u00a0a\u00a0potential\u00a0first phase 500,000 tonnes per annum primary aluminium smelter in a favourable location in India<\/span>.<\/p>\n

Rio Tinto Aluminium Chief Executive J\u00e9r\u00f4me P\u00e9cresse 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\u00a0growth\u00a0and\u00a0strategic\u00a0position,\u00a0India\u00a0is\u00a0a\u00a0compelling\u00a0location for\u00a0this\u00a0potential\u00a0project\u00a0and\u00a0aligns with our long-term vision for a globally more diverse and resilient aluminium business.”<\/p>\n

As part of the study, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto\u00a0will\u00a0explore\u00a0a\u00a0commercial\u00a0alumina solution.\u00a0The\u00a0study\u00a0will\u00a0also\u00a0assess smelting\u00a0technology\u00a0options to determine the most cost-effective solution for the project.<\/p>\n

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\u00a0needed low-carbon\u00a0metal\u00a0at\u00a0scale\u00a0to\u00a0propel\u00a0decarbonization initiatives in\u00a0global supply\u00a0chains\u00a0across auto, construction, consumer packaging and many more segments.”<\/p>\n

About AMG Metals\u00a0&\u00a0Materials<\/b><\/p>\n

AMG\u00a0Metals\u00a0&\u00a0Materials\u00a0is incorporated\u00a0by Anil\u00a0Chalamalasetty\u00a0and\u00a0Mahesh Kolli,\u00a0the\u00a0founders of\u00a0Greenko Group,\u00a0one\u00a0of\u00a0India’s\u00a0leading energy\u00a0transition\u00a0solutions providers,\u00a0and\u00a0AM\u00a0Green,\u00a0a\u00a0global\u00a0decarbonization 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<\/span>. AM Green is developing low-carbon ammonia projects across multiple locations in India<\/span> 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<\/span> and OECD markets. AM Green is also developing\u00a0production\u00a0capabilities\u00a0for\u00a0other net zero\u00a0molecules\u00a0and\u00a0chemicals\u00a0including green\u00a0caustic\u00a0soda, e-methanol, olefins & biofuels for decarbonization in hard to abate industries. Further information at www.amgreen.com<\/a><\/p>\n

Contacts<\/b><\/p>\n

AMG\u00a0Metals &\u00a0Materials<\/b><\/p>\n

Suheil\u00a0Imtiaz
<\/b>Public Affairs & Strategic Communication
suheil.m@amgreen.com<\/a><\/p>\n

Rio\u00a0Tinto
<\/b>media.enquiries@riotinto.com<\/a><\/u><\/b><\/p>\n

\u00a0<\/p>\n

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Investor\u00a0Relations,<\/b><\/span><\/p>\n<\/td>\n

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Rio Tinto\u00a0plc<\/b><\/span><\/p>\n<\/td>\n

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Rio Tinto\u00a0Limited<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
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6\u00a0St\u00a0James’s Square<\/span><\/p>\n<\/td>\n

\n

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\n

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No.\u00a0719885<\/span><\/p>\n<\/td>\n

\n

ABN\u00a096\u00a0004 458\u00a0404<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

riotinto.com
<\/b>Category:\u00a0General<\/p>\n

\u00a0<\/p>\n

\"Rio<\/a>
Rio Tinto<\/span> <\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

LONDON<\/span><\/span>, April 17, 2025<\/span><\/span> \/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<\/span>. AMG M&M is promoted by the two founders of Greenko and AM Green.<\/p>\n

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\u00a0firmed\u00a0by\u00a0pumped\u00a0hydro\u00a0storage. The\u00a0development\u00a0will\u00a0comprise a\u00a0study\u00a0to\u00a0evaluate\u00a0a\u00a0potential\u00a0first phase 500,000 tonnes per annum primary aluminium smelter in a favourable location in India<\/span>.<\/p>\n

Rio Tinto Aluminium Chief Executive J\u00e9r\u00f4me P\u00e9cresse 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\u00a0growth\u00a0and\u00a0strategic\u00a0position,\u00a0India\u00a0is\u00a0a\u00a0compelling\u00a0location for\u00a0this\u00a0potential\u00a0project\u00a0and\u00a0aligns with our long-term vision for a globally more diverse and resilient aluminium business.”<\/p>\n

As part of the study, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto\u00a0will\u00a0explore\u00a0a\u00a0commercial\u00a0alumina solution.\u00a0The\u00a0study\u00a0will\u00a0also\u00a0assess smelting\u00a0technology\u00a0options to determine the most cost-effective solution for the project.<\/p>\n

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\u00a0needed low-carbon\u00a0metal\u00a0at\u00a0scale\u00a0to\u00a0propel\u00a0decarbonization initiatives in\u00a0global supply\u00a0chains\u00a0across auto, construction, consumer packaging and many more segments.”<\/p>\n

About AMG Metals\u00a0&\u00a0Materials<\/b><\/p>\n

AMG\u00a0Metals\u00a0&\u00a0Materials\u00a0is incorporated\u00a0by Anil\u00a0Chalamalasetty\u00a0and\u00a0Mahesh Kolli,\u00a0the\u00a0founders of\u00a0Greenko Group,\u00a0one\u00a0of\u00a0India’s\u00a0leading energy\u00a0transition\u00a0solutions providers,\u00a0and\u00a0AM\u00a0Green,\u00a0a\u00a0global\u00a0decarbonization 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<\/span>. AM Green is developing low-carbon ammonia projects across multiple locations in India<\/span> 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<\/span> and OECD markets. AM Green is also developing\u00a0production\u00a0capabilities\u00a0for\u00a0other net zero\u00a0molecules\u00a0and\u00a0chemicals\u00a0including green\u00a0caustic\u00a0soda, e-methanol, olefins & biofuels for decarbonization in hard to abate industries. Further information at www.amgreen.com<\/a><\/p>\n

Contacts<\/b><\/p>\n

AMG\u00a0Metals &\u00a0Materials<\/b><\/p>\n

Suheil\u00a0Imtiaz
<\/b>Public Affairs & Strategic Communication
suheil.m@amgreen.com<\/a><\/p>\n

Rio\u00a0Tinto
<\/b>media.enquiries@riotinto.com<\/a><\/u><\/b><\/p>\n

\u00a0<\/p>\n

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Media Relations,<\/b><\/span><\/p>\n<\/td>\n

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Media\u00a0Relations,<\/b><\/span><\/p>\n<\/td>\n

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Canada<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

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No.\u00a0719885<\/span><\/p>\n<\/td>\n

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ABN\u00a096\u00a0004 458\u00a0404<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

riotinto.com
<\/b>Category:\u00a0General<\/p>\n

\u00a0<\/p>\n

\"Rio<\/a>
Rio Tinto<\/span> <\/div>\n

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