Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, February 03 2021 - 13:00
AsiaNet
En+ Group's Metals segment and Hodaka agree low carbon aluminium partnership
MOSCOW, Feb. 3, 2021 /PRNewswire-AsiaNet/ --

RUSAL, the metal business of En+ Group, the world's largest producer of low 
carbon aluminium and independent hydropower, is pleased to announce that it has 
concluded partnership agreement with Hodaka, an innovative producer of 
high-quality aluminium alloys, to deliver aluminium products with low carbon 
footprint.

The partnership between RUSAL and Hodaka brings together the technological 
excellence of both companies to create a new generation of products using 
low-carbon aluminium under RUSAL's ALLOW brand. In their operations, both 
companies prioritize sustainable development, compliance with international 
standards, and adherence to the best available production practices.

Founded in 2002 in Taiwan, Hodaka is dedicated to the production of 
high-quality billets and precision extrusions and supplies top-quality 
aluminium alloys for sporting goods, consumer electronics, automotive industry, 
and motorcycle parts. Using RUSAL's low-carbon aluminium, Hodaka's custom-made 
products will enable end users to evaluate and trace the carbon footprint and 
energy source of the source metal. This is key to meet the growing end user 
demand for transparency and eco-friendliness, across automotive, electronics, 
consumer, and sporting goods market segments.

RUSAL's ALLOW brand comes with an average carbon footprint of 2.4 tonnes of CO2 
equivalent per tonne of aluminium produced (direct and indirect energy 
emissions from aluminium smelters are taken into account). 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. The global average is 
around 12.5 tonnes. Every shipment of ALLOW comes with independently verified 
carbon footprint statements from its smelter of origin, providing full 
traceability to source for customers.

Lord Barker, Executive Chairman of the Board of Directors of En+ Group, said: 

"I am delighted that RUSAL is continuing to partner with innovative companies 
such as Hodaka. We are working to decarbonise the aluminium industry from the 
front and recently announced our commitment to reduce emissions by at least 35% 
by 2030, reaching net zero by 2050. This will involve the whole value chain, 
from initial bauxite mining through to alumina melting leading to minimal, 
ultimately zero, emissions in the final products reaching consumers."

About En+ Group

En+ Group is the world's leading international vertically integrated aluminium 
and power producer. The Company combines power plants with a total installed 
capacity of 19.6 GW (including 15.1 GW of hydro power assets), and 3.9 mt of 
annual aluminium production capacity (through a controlling stake in RUSAL, the 
world's largest aluminium producer ex-China in 2018) which is the major 
consumer of En+ Group's hydroelectricity.

This announcement may include statements that are, or may be deemed to be, 
"forward-looking statements." These forward-looking statements may be 
identified by the use of forward-looking terminology, including the terms 
"believes," "estimates," "plans," "projects," "anticipates," "expects," 
"intends," "may," "will," or "should" or, in each case, their negative or other 
variations or comparable terminology, or by discussions of strategy, plans, 
objectives, goals, future events or intentions. Forward-looking statements may 
and often do differ materially from actual results. Any forward-looking 
statements reflect the Company's current view with respect to future events and 
are subject to risks relating to future events and other risks, uncertainties 
and assumptions relating to the Group's business, results of operations, 
financial position, liquidity, prospects, growth or strategies. Forward-looking 
statements speak only as of the date they are made.

Source: En+ Group
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