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Low-carbon to promote the sustainable development of the global aluminum industry transformation

2024-06-05
The global aluminum industry is transitioning toward low-carbon sustainable development. Recently, Deng Gang, president of Rusal China Marketing and general manager of Shanghai RusAL Xibo Economic and Trade Co., LTD., was invited by Shanghai Nonferrous Network to attend the "2023SMM Metal Industry Annual Meeting" and shared his progress on reducing carbon emissions in the global aluminum industry and Rusal's vision for the future of the aluminum industry. More than 75 percent of countries are currently committed to net-zero targets, including major economies such as China, the United States and the European Uniongkm
More than 75 percent of countries are currently committed to net-zero targets, including major economies such as China, the United States and the European Union. A growing number of countries, cities, businesses and organizations have committed to reducing their carbon emissions and have set ambitious targets to achieve net zero emissions. This joint commitment covers 88% of global greenhouse gas emissions and underscores the world's determination to tackle the climate crisis.
However, according to the Global Energy Transition Outlook report, only three of the more than 50 components of the global energy system meet the net-zero scenario for 2050, including photovoltaics, electric vehicles and lighting. Despite the rapid progress in clean energy, many of the components are not yet fully on track at the global level.
In the pursuit of a sustainable future, people are increasingly focusing on two transformative industries: solar energy and electric vehicles. According to the forecast, the two markets will add 14 million tons of aluminum demand in the next decade. He also mentioned that global aluminum demand is expected to grow by 28 million tons between 2022 and 2032. Solar and electric vehicles will contribute more than 50% of the incremental demand.
The continued progress towards full supply chain decarbonization is most evident in the automotive industry, where more than 20% of the global automotive industry has committed to achieving supply chain carbon neutrality by 2040. In practice, this commitment means that more than 25 million vehicles will be equipped with products that significantly reduce greenhouse gas emissions." Similarly, within the construction industry, companies are aggressively pursuing the consolidation of green building standards, with several of the largest real estate players stating that they aim to reduce their range's emissions by at least 50 percent by 2030 and become carbon neutral by 2040, with aluminum playing a key role in these innovative technological solutions. In addition, in the consumer goods sector, aluminum is increasingly favored as the material of choice for environmental protection due to its recyclability and sustainability advantages "- Deng Gang, President of Marketing of Rusal China and General manager of Shanghai RusAL Economic and Trade Co., LTD.
More than 75 percent of countries are currently committed to net-zero targets, including major economies such as China, the United States and the European Union87u
The packaging, consumer goods and automotive industries, which are at the forefront of the sustainability agenda, are also leading aluminum consumption. It is expected that the demand for low-carbon aluminum will surge in the next 5-10 years. The low-carbon aluminum market will continue to develop. In order to achieve the goal of net zero emissions, downstream customers are actively examining the carbon emissions of the entire supply chain and proposing supply chain decarbonization requirements. At present, the most convenient way to reduce the carbon of products is to increase the proportion of recycling in raw materials, and at the same time, the subversive innovation of aluminum smelting technology is also imminent.
Deng Gang concluded: "Rusal is committed to achieving net zero emissions by 2050 and has set out a clear path. The most core is the development and application of inert anode technology, and they have been delivering primary aluminum produced by inert anode to customers since 2021. Through these efforts, they hope to provide their customers with even lower carbon products and help them achieve their decarbonization goals."
As the largest primary aluminum producer outside of China and the world's leading low-carbon aluminum producer, Rusal produces about 4 million tons of primary aluminum per year, of which more than 98% is produced by hydroelectric power. Since 2017, Rusal has offered its low carbon aluminum brand ALLOW to customers worldwide, which has a carbon footprint of less than 8.0 tonnes of CO2 from cradle to gate (where range I and Range II carbon emissions are within 4). According to analyst estimates, Rusal accounted for 21% of global low-carbon aluminum production this year.