American aluminium pioneer Alcoa Corporation announced this week its intention to reach net-zero greenhouse gas emissions along the entirety of its operations by 2050.
The firm said that the push to neutralize both direct and indirect GHG emissions dovetails with its overall goal of operating in a more sustainable manner. Alcoa also notes that the initiative is in line with its goal of reducing GHG emissions from alumina refining and aluminium smelting operations from 2015 baselines by 30 percent by 2025 and half by 2030.
Alcoa’s president and CEO Roy Harvey said in a press release that his firm is currently developing methods for reaching their ambitious goal.
“We’re proud of our commitment to responsible environmental, social, and governance practices, and this new endeavor is an extension of our ongoing efforts to reach a decarbonization pathway. We have been recognized for our environmental practices, and we are developing new technologies that will help us progress toward our net-zero ambition by 2050.”
Among the solutions the firm seeks to pursue is increasing its portfolio of low-carbon products and utilizing more renewable energy at its operations. It also plans to continue development of its proprietary zero-carbon smelting process ELYSIS and the inert anode technology that is the foundation of said process.
Alcoa will continue development of its renewable energy process MVR, which it is testing at present via its Australian division. Alcoa of Australia is developing the process with partial funding from the Australian Renewable Energy Agency (ARENA), and it hopes that the process will greatly reduce the carbon emissions released during alumina refining.