Alcoa Wants to Build Smelter in Trinidad and Tobago
Alcoa Inc. has signed an agreement in principle to build a "world-class" aluminum smelter in Trinidad and Tobago, the company announced February 16, 2006.
The pact, made with the Republic of Trinidad and Tobago, calls for the building of a 341,000 metric-tons-per-year aluminum smelter (mtpy) in the Cap-de-Ville area in southwestern Trinidad.
This agreement follows the signing of a memorandum of understanding in May 2004 enabling Alcoa to take part in developing an aluminum industry in Trinidad and Tobago.
The latest agreement calls on Alcoa to begin an environmental impact assessment (EIA) for the location in Cap-de-Villeas. The EIA is part of the company's commitment to sustainable development principles.
The company will also complete detailed feasibility studies to determine the full scope and cost of the proposed project.
Besides building the 341,000 mtpy smelter, Alcoa anticipates it will construct an associated anode plant and cast house. Once up and running, Alcoa plans to produce 240,000 mtpy of billet and forging stock, and also construct downstream facilities powered by a self-contained power plant fueled by natural gas.
Total cost of the new smelter and related facilities are projected to cost approximately $1.5 billion.
Once completed, the new smelter and facilities are likely to employ 750- to 800 people, either directly or indirectly. First metal production is expected in late 2008.
The deal is subject to completion of the EIA and final approvals by Alcoa's board of directors and the Republic of Trinidad and Tobago government.