On April 20, 2021, Investissement Québec announced additional financing through a venture loan and a subscription to the Elysis Limited Partnership, a company founded by Alcoa and Rio Tinto with the participation of the Quebec government, for the construction of pots powered by 450 kiloampere technology to develop green aluminum at the Alma aluminum smelter.
According to Investissement Québec, the development of this technology represents an attractive path because of the major environmental benefits that will result from transforming factories and replacing carbon anodes with ceramic anodes, thereby reducing the production of greenhouse gases.
A Fasken team made up of Carl Tremblay, Anne-Marie Naud and Samuel Gosselin-Simard advised Investissement Québec in connection with this financing.Jurisdiction
- Québec
