Alcoa Completes Energy Infrastructure Project at Its Deschambault Smelter in Canada to Boost Aluminum Production, Improve Stability
March 09 2022 - 7:30AM
Business Wire
Alcoa Corporation (NYSE: AA) today officially marked the
completion of a capital project that is expected to improve
stability, increase efficiency, and boost production at its
Deschambault aluminum smelter in Quebec, Canada.
The smelter has finished the installation of upgraded electrical
infrastructure, the result of a $47 million capital project to help
the site continue to improve operations. The work included the
addition of a third electrical transformer to provide more amperage
to the smelting pots and enable increased metal production. In
addition, upgraded environmental equipment will allow the plant to
maintain environmental compliance as it works to increase aluminum
production in the coming years.
In 2019, the Canadian government, through its Strategic
Innovation Fund, announced a CA$10 million contribution toward the
project at Deschambault.
“Through continuous improvement, we have been able to
economically increase the capabilities of many of our assets, and
this capital project at Deschambault should help us meet the strong
demand we’re seeing for sustainably produced aluminum,” said John
Slaven, Alcoa’s Executive Vice President and Chief Operations
Officer. “We appreciate the dedication of our employees and the
strong support from our stakeholders, including the investment from
the Government of Canada.”
The three smelters that Alcoa operates in Canada (Deschambault,
Baie Comeau and Bécancour) are certified to standards set by the
Aluminium Stewardship Initiative, the industry’s most
comprehensive, third-party system to verify responsible
production.
In total, Alcoa Corporation has a consolidated nameplate
capacity of 946,000 metric tons per year (mtpy), across its three
Canadian smelters, all powered by renewable hydroelectricity. In
2021, all three sites set annual production records. Deschambault’s
nameplate capacity is 287,000 mtpy and is the home to Alcoa’s
Aluminum Center of Excellence, where manufacturing best practices
are developed and standardized for global deployment across Alcoa’s
system.
About Alcoa Corporation
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina
and aluminum products with a vision to reinvent the aluminum
industry for a sustainable future. With a values-based approach
that encompasses integrity, operating excellence, care for people
and courageous leadership, our purpose is to Turn Raw Potential
into Real Progress. Since developing the process that made aluminum
an affordable and vital part of modern life, our talented Alcoans
have developed breakthrough innovations and best practices that
have led to greater efficiency, safety, sustainability and stronger
communities wherever we operate.
Dissemination of Company Information
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www.alcoa.com, as well as through press releases, filings with the
Securities and Exchange Commission, conference calls and
webcasts.
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events and expectations, and as such constitute forward-looking
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Reform Act of 1995. Forward-looking statements include those
containing such words as “ambition,” “anticipates,” “believes,”
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“potential,” “projects,” “reach,” “seeks,” “sees,” “should,”
“targets,” “will,” “working,” “would,” or other words of similar
meaning. All statements by Alcoa Corporation that reflect
expectations, assumptions or projections about the future, other
than statements of historical fact, are forward-looking statements.
Forward-looking statements are not guarantees of future performance
and are subject to known and unknown risks, uncertainties, and
changes in circumstances that are difficult to predict. Although
Alcoa Corporation believes that the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it
can give no assurance that these expectations will be attained, and
it is possible that actual results may differ materially from those
indicated by these forward-looking statements due to a variety of
risks and uncertainties. Additional information concerning factors
that could cause actual results to differ materially from those
projected in the forward-looking statements is contained in Alcoa
Corporation’s filings with the Securities and Exchange Commission.
Alcoa Corporation disclaims any obligation to update publicly any
forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable
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Investor Contact: James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact: Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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