Aluminerie Alouette Plans $1B Investment in Sept-Îles
- Aluminerie Alouette plans a $1 billion investment in modernization and decarbonization.
- The current electricity contract with Hydro-Québec ends in 2029.
- Aluminerie Alouette's aluminum production relies on low-carbon hydroelectricity.
- The company sources from 700 suppliers, with $100 million in annual local purchases.
Investment and Modernization
Aluminerie Alouette is set to invest $1 billion in its Sept-Îles facilities for modernization and decarbonization. This initiative comes nearly 35 years after the company's operations began.
Electricity Supply Agreement
A long-term electricity supply agreement is crucial for these investments, as the current contract with Hydro-Québec expires in 2029. The company is negotiating a new agreement to ensure stability and competitiveness.
Economic and Environmental Impact
Aluminerie Alouette's aluminum production, powered by Québec's hydroelectricity, boasts one of the lowest carbon footprints globally. The company generates over $440 million in economic benefits for Quebec, with $340 million in the Sept-Rivières RCM.
Local Sourcing and Employment
The company works with 700 suppliers, including 250 in the region, and makes approximately $100 million in annual local purchases. Aluminerie Alouette is a significant employer, contributing to the local economy and community.
Source: alouette.com