In this list
Electric Power | Metals

Chinalco targets reaching carbon emission peak before 2025

Energy | Electric Power | Energy Transition

Europe’s solar revival dream overshadowed by harsh new realities

Electric Power | Electricity | Energy | Energy Transition

European Long-Term Power Forecast

Energy | Oil | Energy Transition

APPEC 2023

Energy | Oil | Electric Power | Energy Transition | Natural Gas | Crude Oil | Nuclear | Renewables | Electricity

US POWER TRACKER: NYISO summer forward power prices 53% to 64% lower on year

Energy | Energy Transition | Petrochemicals | Oil | Coal | Natural Gas | Agriculture | Electric Power | Hydrogen | Emissions | Carbon | Polymers | LPG | Refined Products | Aromatics | Fuel Oil | Jet Fuel | Gasoline | Crude Oil | Biofuels | Renewables | Electricity

Insight Conversation: Saif Humaid al Falasi, ENOC Group

For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.

Subscribe Now

Chinalco targets reaching carbon emission peak before 2025


Focus on wind power, photovoltaic projects

Aluminum unit issued first green bond recently

  • Author
  • Analyst Lucy Tang
  • Editor
  • Shashwat Pradhan
  • Commodity
  • Electric Power Metals

China Aluminum Corporation of China — one of the largest aluminum producers in China — is aiming to achieve peak carbon emissions before 2025 and reduce emissions by 40% by 2035, a move seen as a response to the country's ambitious carbon-reduction goals, according to the company's action plan released June 8.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The company, also known as Chinalco, will actively develop new energy projects like wind power and photovoltaic to adjust its energy consumption structure, the action plan focusing on decarbonization showed.

The group's green energy primary aluminum production accounted for 49.98% of its total output at the end of 2020, a report released by state-run Xinhua News showed.

Chinalco's Shanghai-listed unit Aluminum Corporation of China Ltd., or Chalco, launched industry-first green, or carbon-neutral, financing bonds with a total value of Yuan 400 million ($63 million) on June 1. The capital raised by the carbon neutrality bills will pay for the debt from wind power projects owned by the company's subsidiaries.

China's carbon emission of primary aluminum industry is expected to reach a peak of 460 million mt by 2025, compared to 420 million mt in 2020, Yang Yunbo, the vice secretary general of China Nonferrous Metals Industry Association, said earlier.

The weighted average carbon dioxide emitted through power consumption when producing 1 mt of primary aluminum reached 10.3 mt in 2020. China's total primary aluminum production capacity was 42.5 million mt/year by the end of 2020, and only 12.7 million mt/year of this output contributed to emissions lower than the average.

China's primary aluminum industry is one of the key sectors where appropriate controls can help the country reach peak carbon emissions before 2030.

A report by state-run China Nonferrous Metals Industry Association released in April showed the country's nonferrous metals industry aims to reach peak carbon emissions by 2025 and reduce its carbon emissions by 40% by 2040.

Chalco achieved primary aluminum output of 3.69 million mt in 2020, accounting for about 10% of the nation's total production.