En+ Group's Metals segment and Hodaka agree low carbon aluminium partnership

En+ Group's Metals segment and Hodaka agree low carbon aluminium partnership

PR Newswire

MOSCOW, Feb. 3, 2021

MOSCOW, Feb. 3, 2021 /PRNewswire/ -- 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.

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