AA Alcoa Corporation

Alcoa to supply Nexans with low-carbon aluminum, including metal from ELYSIS™ technology

Alcoa (NYSE:AA) announced today that it will supply global cable producer Nexans with aluminum produced from a revolutionary process that eliminates all direct greenhouse gas emissions from the traditional smelting process.

Nexans will be the world’s first cable manufacturer to use metal from the breakthrough ELYSIS™ process, which replaces all greenhouse gas emissions with oxygen. The technology uses proprietary materials, including inert anodes, first developed at the Alcoa Technical Center near Pittsburgh. That research and development work became the technological basis for ™, a technology partnership that is working to ramp up the process to commercial scale.

Several Nexans facilities in Western Europe and Scandinavia will use aluminum produced from the ELYSIS™ process to start qualifications for the metal’s use in various types of cables, from low, medium to high voltage. Aluminum rod produced with this breakthrough ELYSIS™ technology could eliminate a significant portion of carbon dioxide emissions in the future.

This latest announcement further builds on the two companies’ historic long-term relationship. Alcoa already supplies Nexans with EcoLum™, a primary aluminum with a carbon footprint that is nearly three times lower than the industry average.1

Since the launch of ELYSIS™ in 2018, the technology company has produced R&D quantities of the metal. Alcoa is marketing and selling its share of the ELYSIS metal, which has also been used for the , the automaker’s first electric sports car. Apple is also an investor in the technology and .

ELYSIS is a key component in Alcoa’s technology roadmap of research and development projects that also includes projects such as the ASTRAEA™ metal purification process and the Refinery of the Future.

This agreement fully highlights Nexans’ position at the forefront of the sustainable electrification of the world and regarding crucial issues such as low-carbon emissions.

Renato Bacchi – Executive Vice President and Chief Commercial Officer at Alcoa:

“Alcoa is well positioned to supply low carbon aluminum for the world’s transition to renewable energy, as we know that the true impact of decarbonization will also include the choice of materials used to build the infrastructure for generation, transmission and distribution networks. While we are developing ELYSIS for the future, we are also supplying low-carbon aluminum today with our EcoLum metal, which can help customers meet their own sustainability goals and lower their carbon footprints.”

Vincent Dessale – Nexans Chief Operating Officer Senior Executive VP:

“In the fight against climate change, solutions that support the world’s energy transition make a real difference. By increasing our use of low-carbon aluminum, we want to lead the way toward a sustainable electrification of the world: the rod produced with this breakthrough technology could eliminate a significant portion of carbon dioxide emissions in the future. We are proud to be the world’s first cable manufacturer to use metal from the breakthrough technology ELYSIS.”

1: Alcoa’s EcoLum™ primary aluminum is produced with less than 4.0 metric tons of CO2e for every ton of metal, including both direct and indirect (Scope 1 and Scope 2) emissions from mining, refining, smelting and casting. EcoLum's emissions intensity vs. the global average per ton of per ton of CO2e/ton of aluminum is approximately three times better than the global average of 13.3, based on CRU emissions intensity data, 2022

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. For more information, visit

About Nexans

For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,000 people in 42 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2022, Nexans generated 6.7 billion euros in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: Power Generation & Transmission, Distribution, Usage and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrify the future. Nexans is listed on Euronext Paris, compartment A. For more information, please visit

About ELYSIS

ELYSIS is a technology partnership created thanks to a ground-breaking partnership between two global industry leaders – Alcoa and Rio Tinto. ELYSIS’ goal is to revolutionize the way aluminum is produced across the globe, with technology that enables the production of metal without direct carbon dioxide emissions during the aluminum smelting process, instead emitting oxygen. The company uses inert anodes that replace the carbon anodes traditionally used during electrolysis, which is the process used to make primary aluminum. ELYSIS is currently working to scale up its zero-carbon smelting process so it can be licensed for either retrofits of existing smelters or the construction of new ones. It operates an Industrial Research & Development Center in Québec, Canada with support from Alcoa’s Technical Center outside Pittsburgh.

Learn more at

EN
01/02/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Alcoa Corporation

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

 PRESS RELEASE

Alcoa Schedules First Quarter 2025 Earnings Release and Conference Cal...

PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA; ASX: AAI) plans to announce its first quarter 2025 financial results on Wednesday, April 16, 2025, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the first quarter 2025 financial results on April 16, 2025, at 5:00 p.m. EDT (April 17, 2025, at 7:00 a.m. AEST). The call will be webcast live via Alcoa's website, . The first quarter 2025 earnings press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa’s website, . A lin...

 PRESS RELEASE

Alcoa Corporation Announces Closing of Debt Offering

PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE:AA; ASX: AAI) (“Alcoa”) announced today that Alumina Pty Ltd (ABN 85 004 820 419) (the “Issuer”), a wholly-owned subsidiary of Alcoa, closed its offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6.375% senior notes due 2032 (the “notes”). The notes are guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries. The Issuer intends to deploy the funds within the Alcoa group, including funding contributions to Alcoa Nederland Holding B.V. (“A...

 PRESS RELEASE

Alcoa Corporation Announces Expiration and Expiration Date Results of ...

PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (“Alcoa”) (NYSE:AA; ASX:AAI) announces (i) the expiration and expiration date results of its previously announced offer to purchase for cash any and all outstanding 5.500% senior unsecured notes due 2027 (the “Any and All Notes”) issued by Alcoa Nederland Holding B.V. (“ANHBV”), fully guaranteed on an unsecured basis by Alcoa and certain of its subsidiaries (the “Any and All Offer”), and (ii) the early results of its previously announced offer to purchase for cash outstanding 6.125% senior unsecured notes due 2028 (the “Capped Notes” and, togethe...

 PRESS RELEASE

Announcement by Alcoa Corporation of Consideration for Cash Tender Off...

PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (“Alcoa”) (NYSE:AA; ASX:AAI) announces the consideration to purchase for cash any and all of the outstanding 5.500% senior unsecured notes due 2027 (the “Any and All Notes”) issued by Alcoa Nederland Holding B.V. (“ANHBV”), a wholly-owned subsidiary of Alcoa, fully guaranteed by Alcoa (the “Any and All Offer”). The Any and All Offer is being made pursuant to the terms and subject to the conditions set forth in the offer to purchase dated March 3, 2025 (the “Offer to Purchase”) relating to the Any and All Notes. The following table sets forth ce...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch