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Apple Just Got Greener With Alcoa, Rio Tinto Accord

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Bloomberg News

Apple (AAPL) is getting greener in how it makes iPhones, iPads,  and iMacs.

The company says its entered into a joint venture with aluminum producers Alcoa (AA) and Rio Tinto  (RIO) to make its devices more environment-friendly. They're developing a new technology to smelt aluminum without the use of carbon.

"We are proud to be part of this ambitious new project, and look forward to one day being able to use aluminum produced without direct greenhouse gas emissions in the manufacturing of our products," Apple CEO Tim Cook  said in a statement.

Apple, Alcoa, Rio Tinto, and the governments of Canada and Quebec are investing $144 million into research and development of the technology, which was discovered by three Apple engineers. Rio Tinto plans to commercially release the process in 2024.

The accord is the latest sustainability effort from Apple. Last month, it said its global facilities, ranging from data centers to retail stores, are now powered entirely with clean energy.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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