Aluminium leader goes for greener production
Published: 11 June, 2008, 11:17
Russia’s largest aluminum producer, Rusal, has begun testing new smelting technology that should cut greenhouse gas emissions by a third.
The company has invested $US 25 million installing the technology at its plant in Krasnoyarsk.
Rusal has announced plans to introduce the cleaner smelters to other plants across the country from 2010 to 2015.
Rusal is a global leader in aluminium production. It supplies 12% of the world’s aluminium and 15% of its alumina.
Rusal is a part of the Basic Element holding company, owned by Russian tycoon Oleg Deripaska.
The company controls Norilsk Nickel, the leading producer of nickel and palladium. It recently became its majority shareholder with 25% plus one stake.
11.06.2008, 11:07
Tycoon pulls his money out of RussiaRussian tycoon Suleiman Kerimov has reportedly sold his holdings of domestic assets, including stakes in Gazprom and Sberbank. The world’s 36th weathiest man (according to the Forbes rich list) is believed to have bought substantial stock in overseas fin |
11.06.2008, 12:54
Gazprom wants piece of TNK-BPRussia’s gas monopoly Gazprom has said it’s interested in buying a stake in the TNK-BP oil company, but only after the present dispute has been resolved. The Russo-British joint venture is split by a dispute among the shareholders. |
