19.01.2021

RUSAL and Mingtai Aluminium form partnership to produce low carbon products

Moscow, January 19, 2020 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce a partnership with Henan Mingtai Aluminum Co., Ltd, a large-scale modern aluminium processing enterprise, to deliver low-carbon aluminium products in response to the growing market demand.

This partnership will build on both companies’ expertise, underpinning the drive and commitment towards a low-carbon future. RUSAL’s strategic supply of low-carbon primary aluminium under the ALLOW brand will be delivered to Mingtai’s plants, including the new Gwangyang rolling mill in South Korea. The Gwangyang complex will commence its operations in Q3 2021, delivering products with a reduced carbon footprint.

RUSAL is the world’s largest producer of low-carbon aluminium through its ALLOW brand, crafted using renewable hydropower. ALLOW will enable Mingtai Aluminium to offer products with a carbon footprint several times lower than the industry average. ALLOW’s average carbon footprint is 2.4 tonnes of CO2 equivalent per tonne of aluminium produced (Scope 1&2, at smelter). This is in line with the evolving market requirement for low-carbon aluminium of no more than 4 tonnes of CO2 equivalent per tonne of aluminium produced, which is several times lower than the global average of around 12 tonnes.

In addition to this, Mingtai and RUSAL will work together as part of a collaborative undertaking on their research and development activities to produce innovative alloys and develop new mould dimensions.

Roman Andryushin, Sales and Marketing Director at RUSAL, commented: “This partnership is once again further proof of our focus on reaching a sustainable, low carbon world. Together with Mingtai, we look forward to providing our customers with our ALLOW aluminium which has a low carbon footprint, assisting with their climate change strategy and making a positive impact for the future of society“.
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