Vedanta Aluminium launches ‘Restora’, India’s first low carbon ‘green’ aluminium
24th February 2022
- Unveils two products — Restora and Restora Ultra
- Restora is the first Indian primary aluminium to be made using renewable energy
- Restora Ultra is the first Indian aluminium with an ultra-low carbon footprint in collaboration with Runaya Refining
New Delhi, 24 February 2022: Vedanta Aluminium Business, India’s largest producer of aluminium and value-added products, launched ‘Restora’, its low carbon, ‘green’ aluminium brand, today. The company unveiled two product lines – Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium) under the brand. Vedanta Aluminium is the first major non-ferrous Indian metals producer to manufacture low carbon products (primary aluminium) for customers worldwide, exhibiting a strong step towards its commitment of achieving Net Zero Carbon by 2050. Both products have been verified as low-carbon aluminium post assessment by an independent, global verification assurance firm.
With Restora, Vedanta Aluminium will address the fast-growing global demand for low carbon aluminium, driven by greater climate consciousness. Vedanta’s Restora is being manufactured at the company’s world-class aluminium smelter using renewable energy. Restora has a GHG emission intensity that is well below 4 tonnes of CO2 equivalent (tCO2e) per tonne of aluminium manufactured – the global threshold for aluminium to be considered as low carbon aluminium, and Restora Ultra has an even lower carbon footprint that is amongst the lowest in the world.
Restora Ultra, is made from recovered aluminium through Vedanta’s partnership with Runaya Refining, one of India’s fast-growing manufacturing start-ups focussed on creating innovative solutions for the resources sector and leverages patented technology licensed from TAHA International S.A. for processing aluminium dross at Vedanta’s plants. Under the Restora Ultra product line, the company will offer aluminium recovered from dross (a by-product of the aluminium smelting process). Restora Ultra is also a testament to Vedanta’s sharp focus on ‘zero-waste’ through enhancement of its operational efficiencies.
Vedanta Aluminium has the capability to tailor-make Restora and Restora Ultra as Billets, Primary Foundry Alloy (PFA), Wire Rods, Slabs, P1020 Ingots, and more, customized to the needs of the end-use industries. Vedanta Aluminium already has interest from discerning, environmentally conscious customers for the first production volume of 100 kilo tonnes of Restora and Restora Ultra aluminium.
Launching the Restora brand, Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd., said, “The launch of Restora, marks a proud moment in our commitment to decarbonize our operations as well as provide our customers an unmatched competitive advantage with sustainable aluminium products. Our holistic solutions are market-responsive and tailored to support evolving needs of customers. Restora has a GHG emission intensity which is almost half of the global threshold for low carbon aluminium. With consumers becoming increasingly conscious of the provenance of the products they use, Vedanta’s Restora will provide them the assurance that the aluminium they purchase has amongst the lowest carbon footprints in the world.”
Speaking about co-creating Restora Ultra, Annanya Agarwal, co-founder, Runaya, added, “We are delighted to collaborate with Vedanta to create this innovative new product. With near-zero carbon footprint, Restora Ultra is a shining example of the value-creation that happens when we bring together innovation and leading-edge technologies for true business sustainability. Runaya has been working towards disrupting the linear economy model by building in principles of circularity and sustainability into the design of the resources industry.”
It is a strategic imperative for the company to reduce carbon emissions across every process stage. As a result of this unwavering focus, Vedanta Aluminium has reduced its GHG emissions intensity by 21% in FY21 while almost tripling its production, over FY12 baseline. The company is also a member of the prestigious Dow Jones Sustainability Index (DJSI) family, is ranked 4th amongst global aluminium producers in 2021.
Vedanta Aluminium currently produces one of the largest ranges of aluminium and its value-added product offerings. The company is India’s largest producer and exporter of aluminium billets, and the world’s largest producer of wire rods, excluding China. It offers manufacturing excellence in aluminium, global technology partnerships, deep R&D and innovation capabilities, and an evolved technical services cell for customers.
Aluminium is the ‘metal of the future’, with potential for greater applications in a climate-conscious world. The metal is pivotal to the world’s transition to all potential clean energy technologies for a low-carbon future. Towards this end, the company has brought together technical, operations and marketing expertise in a Centre of Excellence to develop new products and product applications for sunrise sectors such as electric mobility, solar/renewable energy, green buildings, aerospace and more.
Vedanta Aluminium Business, a division of Vedanta Limited, is India’s largest manufacturer of aluminium, producing half of India’s aluminium at 1.97 million tonnes per annum (MTPA) in FY21. It is a leader in value-added aluminium products that find critical applications in core industries. With its world-class Aluminium Smelters, Alumina Refinery and Power Plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
About Vedanta Limited:
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Business:
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
For more information, please log on to www.vedantaaluminium.com
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This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
