LONDON,April 17,2025 -- Rio Tinto and AMG Metals & Materials (AMG M&M),an energy transition solutions provider,have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green.
Together,the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa of alumina production,both powered by renewable wind and solar energyfirmedbypumpedhydrostorage. Thedevelopmentwillcomprise astudytoevaluateapotentialfirst phase 500,000 tonnes per annum primary aluminium smelter in a favourable location in India.
Rio Tinto Aluminium Chief Executive Jérôme Pécresse said: "This study is an important step in our ambition to grow our global,low-carbon aluminium footprint while exploring new project delivery approaches and opportunities in emerging markets. Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost responsible aluminium production powered by renewable energy. With its rapid economicgrowthandstrategicposition,Indiaisacompellinglocation forthispotentialprojectandaligns with our long-term vision for a globally more diverse and resilient aluminium business."
As part of the study,AMG M&M will examine a firmed renewable energy solution with Greenko,while Rio Tintowillexploreacommercialalumina solution.Thestudywillalsoassess smeltingtechnologyoptions to determine the most cost-effective solution for the project.
Group President of AMG Metals & Materials and Greenko Mahesh Kolli said: "Over the last few years,we have been able to deliver a multitude of decarbonization solutions comprising electricity,molecules,chemicals and fuels. We are excited to expand that further to the materials space. This MOU could deliver muchneeded low-carbonmetalatscaletopropeldecarbonization initiatives inglobal supplychainsacross auto,construction,consumer packaging and many more segments."
About AMG Metals&Materials
AMGMetals&Materialsis incorporatedby AnilChalamalasettyandMahesh Kolli,thefounders ofGreenko Group,oneofIndia'sleading energytransitionsolutions providers,andAMGreen,aglobaldecarbonization solution provider. Greenko has a near-term operational renewable energy capacity of 10 GW across solar,wind and hydro and is building 100 GWh of single cycle storage capacity across India. AM Green is developing low-carbon ammonia projects across multiple locations in India with a goal to reach 5 Mtpa of green ammonia capacity by 2030. Its first plant currently under construction in Kakinada with a projected capacity of 1 Mtpa of green ammonia will be one of the world's largest RFNBO compliant green ammonia facilities,supporting efforts to achieve net zero targets both in India and OECD markets. AM Green is also developingproductioncapabilitiesforother net zeromoleculesandchemicalsincluding greencausticsoda,e-methanol,olefins & biofuels for decarbonization in hard to abate industries. Further information at www.amgreen.com
Contacts
AMGMetals &Materials
SuheilImtiaz
Public Affairs & Strategic Communication
suheil.m@amgreen.com
RioTinto
media.enquiries@riotinto.com
Media Relations,
MediaRelations,
UnitedKingdom
Australia
Canada
MatthewKlar
MattChambers
SimonLetendre
M+447796630637
M+61433525739
M+1514 7964973
DavidOuthwaite
MichelleLee
MalikaCherry
M+447787597493
M+61458609322
M+1418 5927293
RachelPupazzoni
VanessaDamha
M+61438875469
M+15147152152
MediaRelations,
US
JesseRiseborough
M+1202 3949480
InvestorRelations,
InvestorRelations,
UnitedKingdom
Australia
RachelArellano
TomGallop
M:+447584 609644
M+61439353948
DavidOvington
AmarJambaa
M+447920010978
M+61472865948
LauraBrooks
M+447826942797
WeiweiHu
M+447825907230
Rio Tintoplc
Rio TintoLimited
6StJames's Square
Level43,120 CollinsStreet
LondonSW1Y4AD
Melbourne3000
UnitedKingdom
Australia
T+442077812000
T+61392833333
RegisteredinEngland
RegisteredinAustralia
No.719885
ABN96004 458404
riotinto.com
Category:General
Rio Tinto
2025-04-17