Refinery expansions, franking credits back on Alumina agenda
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Expansion of two alumina refineries in Western Australia could soon be back on the agenda, after Alumina Limited predicted demand for its eponymous commodity would soon exceed supply.
The growth signals came as the company said it was studying ways to release more franking credits to shareholders.
Alumina Limited chairman Peter Day and CEO Mike Ferraro on Tuesday.
Eamon Gallagher
Alumina Limited flagged plans to spend hundreds of millions of dollars expanding its Wagerup and Pinjarra alumina refineries south of Perth two years ago, but shelved the feasibility studies in early 2020 when the coronavirus pandemic sparked an austerity campaign.
Alcoa Exploring Technology To Further Reduce Carbon Emissions In Alumina Refining
PITTSBURGH (BUSINESS WIRE)
Alcoa Corporation (NYSE: AA) today announced a development project with the potential to significantly reduce carbon emissions in the alumina refining process, which would further enhance the Company’s strong sustainability performance across the aluminum value chain.
The Australian Renewable Energy Agency (ARENA) has granted to Alcoa of Australia $8.8 million (A$11.3 million) to test the potential use of renewable energy in a process known as Mechanical Vapor Recompression (MVR). Alcoa of Australia is currently conducting technical and commercial studies to adapt MVR technology to refining. Electricity sourced from renewable energy would power compressors to turn waste vapor into steam, which would then be used to provide refinery process heat.
Alcoa Exploring Technology to Further Reduce Carbon Emissions in Alumina Refining
on May 20 2021 11:00 PM
PITTSBURGH (BUSINESS WIRE) Alcoa Corporation (NYSE: AA) today announced a development project with the potential to significantly reduce carbon emissions in the alumina refining process, which would further enhance the Company’s strong sustainability performance across the aluminum value chain.
The Australian Renewable Energy Agency (ARENA) has granted to Alcoa of Australia $8.8 million (A$11.3 million) to test the potential use of renewable energy in a process known as Mechanical Vapor Recompression (MVR). Alcoa of Australia is currently conducting technical and commercial studies to adapt MVR technology to refining. Electricity sourced from renewable energy would power compressors to turn waste vapor into steam, which would then be used to provide refinery process heat.
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