Apple, Alcoa-Rio to develop green aluminum process
Apple Inc. is backing a joint venture between metal producers Alcoa Corp. and Rio Tinto Group to develop a new aluminum-making process that eliminates greenhouse gases.
The Alcoa-Rio joint venture, which will get initial funding of $188 million ($US147 million), will be based in Montreal and have a research facility in Quebec’s Saguenay region, the aluminum companies said in a statement.
The announcement was made with Prime Minister Justin Trudeau on hand along with executives from the three companies. 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.
Aluminum is used in everything from automobiles to airplanes to window frames, and is key to Apple’s own devices. For years, the company has used aluminum in iPhones, iPads, Macs, and Apple Watches.
“We are proud to be part of this ambitious new project, and look forward to one day being able to use aluminum produced without direct greenhouse gas emissions in the manufacturing of our products,” Apple chief executive Tim Cook said in the statement.
Apple has pushed for using more environmentally friendly materials in its products. The company is investing $13 million into the joint venture.
Rio and Alcoa will be investing $55 million, while the Canadian and Quebec governments will each invest $60 million.
The move combines the efforts of competitors Alcoa, the largest U.S. aluminum producer, and London-based Rio, the world’s No. 2 miner. They appointed Rio executive Vincent Christ to head the venture, to be named Elysis.
For Apple, the public investment is a rare move. While Apple typically invests millions of dollars in the development of new manufacturing processes and key technologies, it often doesn’t discuss them publicly.
Recently, however, the company started a $5 billion fund in the U.S., resulting in investments in companies such as Corning Inc. and Finisar Corp., which make glass for iPhone screens and Face ID sensors, respectively.