Alcoa - Elysis
On May 10, 2018, Alcoa announced a joint venture with Rio Tinto called Elysis to scale up and commercialize a revolutionary smelting technology innovation by Alcoa that emits oxygen and eliminates greenhouse gases. Apple and the governments of Canada and Quebec are investors. Quebec also holds a small equity in the venture. It is the most significant innovation in the aluminum industry in more than a century.
- The name Elysis refers to the process at the center of aluminum smelting, the electrolysis of alumina.
- Elysis will employ 100 people, including research and development, management and sales.
- At a facility in Québec, employees will work on the commercialization of the world's first zero-carbon aluminum smelting technology.
- The technology could eliminate 6.5 million metric tons of annual greenhouse gas emissions, if fully implemented at existing aluminum smelters in Canada, an amount equal to taking nearly 1.8 million light-duty vehicles off the road.