11:04 AM EDT, 06/28/2024 (MT Newswires) -- Alcoa ( AA ) said Friday that Rio Tinto plans to launch the first industrial-scale demonstration of Elysis technology, which eliminates all greenhouse gas emissions from traditional smelting process and produces oxygen.

Elysis was formed as a partnership between Alcoa ( AA ) and Rio Tinto in 2018, according to Alcoa ( AA ).

Rio Tinto's demonstration will include 10 Elysis smelting pots operating at 100 kiloamperes and Alcoa ( AA ) holds the right to purchase 40% of the metal produced.

Alcoa ( AA ) said the first production is expected by 2027.

Price: 39.18, Change: +0.36, Percent Change: +0.93