Apple backs Alcoa,Rio Tinto to developing carbon-free metal

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  • 10 May 2018 12:00 AM
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Apple Backs Alcoa, Rio Tinto to Develop Carbon-Free Metal Making

Apple is backing a joint venture between metal producers Alcoa and Rio Tinto to develop a new aluminium-making process that eliminates greenhouse gases. The Alcoa-Rio joint venture, which will get initial funding of C$188 million (US $147 million), will be based in Montreal. While Alcoa and Rio are developing the technology, which they plan to put on sale beginning in 2024, Apple said “it helped facilitate” the collaboration and will provide technical support as well as investing C$13 million in the joint venture. “We are proud to be part of this ambitious new project, and look forward to one day being able to use aluminium produced without direct greenhouse gas emissions in the manufacturing of our products,” Apple Chief Executive Officer Tim Cook said in a statement. Rio and Alcoa are to invest C$55 million, while the Canadian and Quebec governments will each invest C$60 million.

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