Alcoa Corporation (AA: NYSE) announced today that it has entered
into a supply agreement to provide low-carbon EcoLumTM aluminum to
Speira, a global aluminum rolling and recycling company.
Alcoa’s EcoLum™ brand is part of the Company’s SustanaTM family
of low-carbon products, the most comprehensive in the aluminum
industry.
“We’re proud to supply Speira with low-carbon aluminum and
assist our customer in their pursuit to continuously produce
high-quality products with the environment in mind,” said Kelly
Thomas, Alcoa’s Executive Vice President and Chief Commercial
Officer.
Alcoa is seeing increased demand for its Sustana aluminum
products, particularly in the European market. In addition to
EcoLum, the Sustana line also includes EcoDuraTM aluminum, which
includes at least 50 percent recycled content, and EcoSourceTM, the
world’s only low-carbon, smelter grade alumina brand.
“In 2022, we expect to see year-over-year sales of both EcoLum
and EcoDura increase more than three-fold,” Thomas said. “From mine
to metal, our integrated approach to sustainability across the
value chain provides an inherent advantage for Alcoa and our
customers.”
Speira is a leading producer and recycler of advanced rolled
aluminum products, serving the automotive, packaging, printing,
engineering, and building and construction industries. It operates
seven manufacturing facilities in Germany and Norway.
“In Speira, we share the passion of reducing the carbon
footprint of our products and driving the decarbonization of our
business,” said Reinhild Schmidt, Senior Vice President of
Strategic Operations at Speira. “The partnership with Alcoa and the
decision to purchase EcoLum is a natural and important step on this
path.”
EcoLum is produced at hydroelectric-powered aluminum smelters
and has no more than 4.0 metric tons of CO2e emissions for every
ton of metal produced, including both direct and indirect emissions
(scope 1 and scope 2) across the entire production chain, including
bauxite mining and alumina refining. This carbon footprint is
approximately three and a half times better than the global average
and is a key enabler to allow downstream manufacturers to reduce
their emissions profile.
Both Alcoa and Speira are members of the Aluminum Stewardship
Initiative, a robust system that validates responsible production
practices.
More than 80 percent of Alcoa’s smelting operations are powered
by renewable energy, and its alumina refining system has the
world’s lowest average carbon dioxide intensity. In addition, the
Company has a technology roadmap that has the potential to further
decarbonize its operations and support its net zero 2050
ambition.
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.
About Speira
Speira is a global aluminum rolling and recycling company and
consists of seven manufacturing facilities, as well as one R&D
center. It has locations in Germany and Norway, including its Joint
Venture Alunorf with the world´s largest aluminum rolling mill, and
Grevenbroich, the world´s largest rolled aluminum finishing mill,
as well as several international sales offices. Speira employs
around 5,000 people mainly in Germany and Norway. It is proud to
serve some of the best-known global companies in the automotive,
packaging, printing, engineering, building and construction
industry.
Dissemination of Company Information
Alcoa intends to make future announcements regarding company
developments and financial performance through its website,
www.alcoa.com, as well as through press releases, filings with the
Securities and Exchange Commission, conference calls and
webcasts.
Forward-Looking Statements
This press release contains statements that relate to future
events and expectations, and as such constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include those
containing such words as “aim,” “ambition,” “anticipates,”
“believes,” “could,” “develop,” “endeavors,” “estimates,”
“expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,”
“plans,” “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
law.
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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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