AM Green & Mitsui Partner for Global Green Aluminum Project in India

• AM Green and Japan's Mitsui & Co signed a non-binding agreement to explore investment and offtake for AM Green's green aluminum business.
• AM Green, backed by Greenko Group founders, is developing a 1 MTPA aluminum smelter and a 2 MTPA alumina refinery.
• The facilities will be powered by solar, wind, and hydropower, aiming to produce "green aluminum."
• The partnership explores an equity investment by Mitsui and an offtake agreement for low-carbon aluminum.
• The smelter, located in Andhra Pradesh, India, is touted as the world's first integrated green aluminum facility, addressing aluminum's polluting production methods.

Why It Matters: AM Green and Mitsui are collaborating to establish a pioneering green aluminum facility in India.