A pple this week announced its $ 10 milli investment in a Canadian company that aims to become the world's first carb-free and greenhouse gas-free commercial aluminum producti process – although, for his mey, Cupertino -Giant does not actually hold a direct interest in the company behind him.
Nicknamed "Elysis", the project is a joint venture led by giants Alcoa and Rio Tinto aluminum manufacturing. The joint venture, which is headquartered in Mtreal, Canada, is funded almost entirely by the governments of Canada and Quebec, which would have invested $ 47 milli each to get the project off the ground.
According to Apple's announcement, the project's goal is to "commercialize a patented technology that eliminates direct greenhouse gas emissis from the traditial process of fusi, a key step in the producti of aluminum ". Carb-free and greenhouse-free aluminum can be used to make csumer goods.
While Apple, in additi to its 13 milli CAD ($ 10 milli) cash, will provide technical support to the company for the durati of the project. The Quebec government will hold 4%. 100 from the company, with Alcoa and the Quebec government. Rio Tinto (which will also invest an additial $ 43 milli over the next three years) csistently …