SAGUENAY, Que. — The federal and Quebec governments are teaming up with a trio of corporate giants from the metals and tech industries to commercialize the world’s first carbon-free aluminum smelting process.<\/p>\n
Ottawa, Quebec and Apple Inc. are investing in a joint venture between Alcoa Inc. and Rio Tinto Group called Elysis, which will commercialize a process that eliminates greenhouse gas emissions from traditional smelting by instead producing oxygen.<\/p>\n
Elysis, which expects large-scale deployment of the technology by 2024, will be given a total of $188 million from Alcoa, Rio Tinto, Ottawa, the Quebec government and Apple to develop and license the technology so it can be used to retrofit smelters or build new facilities.<\/p>\n
The federal and Quebec governments are contributing $60 million each, with the Quebec government getting a 3.5 per cent stake in the venture and Alcoa and Rio Tinto splitting the remaining ownership equally.<\/p>\n
Alcoa and Rio Tinto will invest $55 million in the project.<\/p>\n
Apple, which put forth $13 million, helped facilitate the collaboration between Alcoa and Rio Tinto and has vowed to provide technical support as the project progresses.<\/p>\n
Elysis will have a headquarters in Montreal and a research facility in the Saguenay-Lac-Saint-Jean, Que. region.<\/p>\n","protected":false},"excerpt":{"rendered":"
The companies and governments want to commercialize a process that eliminates greenhouse gas emissions from traditional smelting by instead producing oxygen<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8921"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8921"}],"version-history":[{"count":2,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8921\/revisions"}],"predecessor-version":[{"id":8946,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8921\/revisions\/8946"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}