Rio Tinto welcomes agreement to secure long-term future of Tomago Aluminium
Rio Tinto welcomed an agreement between Tomago Aluminium and Australian governments to secure the smelter's future through to 2038 via a 10-year power purchase agreement. The agreement transitions the smelter to 100% renewable energy sources by 2033 and is supported by a A$1.1 billion investment from Tomago, including A$100 million for decarbonization.
Key figures
- Ppa duration
- 10 years
- Investment amount aud
- A$1.1 billion
- Renewable target year
- 2033
- Tomago ownership percent
- 51.55
- Emissions reduction tonnes
- 7100000
- Tomago production capacity tonnes
- 590000
AI analysis
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