Kwinana

Alcoa Corporation Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 17, 2024
Machine Tools, Metalworking & Metallurgy, Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Account, AWC, Sale, Climate change, EDT, Projection, Interest, Kwinana, Security (finance), Inventory, ASX, DWC, Research, Transport, API, Carbon, Public expenditure, Acquisition, Inflation, Adjustment, Renewable energy, GAAP, Aluminium

Net loss attributable to Alcoa Corporation was $252 million, or $1.41 per share.

Key Points: 
  • Net loss attributable to Alcoa Corporation was $252 million, or $1.41 per share.
  • San Ciprián complex: During the first quarter of 2024, Alcoa completed the restart of approximately 6 percent of pots at the smelter in compliance with the February 2023 updated viability agreement.
  • Kwinana refinery: On January 8, 2024, the Company announced the decision to curtail the Kwinana refinery in Australia to be completed in the second quarter of 2024.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Daylight Time (EDT) on Wednesday, April 17, 2024, to present first quarter 2024 financial results and discuss the business, developments, and market conditions.

Alcoa Corporation Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, January 17, 2024
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Inventory, Credit, Government, EPA, Collection, Adjustment, Partnership, Education minister, Account, IRA, Public expenditure, Sale, Kwinana, GAAP, Carbon, Department of the Treasury, DWC, SAN, Consolidated, Transport, EST, Security (finance), Line of credit, MMP, Aluminium

Additionally, the results include a $152 million charge to tax expense to record a valuation allowance on Alcoa World Alumina Brasil Ltda.

Key Points: 
  • Additionally, the results include a $152 million charge to tax expense to record a valuation allowance on Alcoa World Alumina Brasil Ltda.
  • The unfavorable sequential impact is $24 million, which includes amounts previously accrued through September 30, 2023 and the absence of related accruals for the fourth quarter 2023.
  • Restructuring charges related to the closure totaled $1 million in the fourth quarter 2023 to establish reserves related to demolition obligations.
  • Other income for the fourth quarter of 2023 included favorable impacts of $51 million related to foreign currency gains that may not recur.

Alcoa announces curtailment of Kwinana Alumina Refinery in Western Australia

Retrieved on: 
Tuesday, January 9, 2024
Natural Resources, Manufacturing, Steel, Mining, Minerals, Machine Tools, Metalworking & Metallurgy, Economic development, Workforce, Corporation, Employment, AA, Retirement, Pinjarra, Western Australia, Kwinana, Oil

Alcoa Corporation (NYSE: AA) today announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter.

Key Points: 
  • Alcoa Corporation (NYSE: AA) today announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter.
  • The Kwinana refinery has an annual nameplate production capacity of 2.2 million metric tons.
  • Alcoa’s port facilities located alongside the refinery will continue to operate to import raw materials and export alumina produced at the Company’s Pinjarra Alumina Refinery.
  • In the first quarter of 2024, Alcoa will record restructuring charges between $180 million and $200 million, related to the curtailment of the refinery.

Alcoa Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 18, 2023
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Adjustment, Security (finance), Biodiversity, Inventory, MMP, Kwinana, WA, EDT, AGL Energy, Environmental protection, Public expenditure, AGL, EBITDA, Carbon, GAAP, Maintenance, International Council, ICMM, Rehabilitation, Portland aluminium smelter, Drinking water, Matrix metalloproteinase, DWC, Account, Willowdale, International Council on Mining and Metals, State government, Pharmaceutical industry, Aluminium, Fine chemical, Cryptocurrency, Rare-earth element, Aluminium oxide, Metal

Net loss attributable to Alcoa Corporation was $168 million, or $0.94 per share.

Key Points: 
  • Net loss attributable to Alcoa Corporation was $168 million, or $0.94 per share.
  • Additionally, the third quarter results include the benefit of a $58 million valuation allowance reversal on the deferred tax assets of the Company’s subsidiaries in Iceland.
  • Alcoa disclosed before an August 2023 deadline its progress for applicable facilities, in accordance with the ICMM Conformance Protocol.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Daylight Time (EDT) on Wednesday, October 18, 2023, to present third quarter 2023 financial results and discuss the business, developments, and market conditions.

Technip Energies Awarded a Significant Contract for Hydrogen Production Unit at bp’s Kwinana Biorefinery

Retrieved on: 
Tuesday, August 29, 2023
Environment, Other Energy, Chemicals, Plastics, Oil, Gas, Alternative Energy, Manufacturing, Green Technology, Energy, Agriculture, Natural Resources, Hydrogen, BP, Engineering, SAF, Aviation, EPF, Biofuel, Natural gas, SMR, Kwinana, Renewable energy

Technip Energies (PARIS: TE) has been awarded a significant(1) contract by bp for a hydrogen production unit at its Kwinana biorefinery in Western Australia, in support of the planned project to produce sustainable aviation fuel (SAF) and biodiesel from bio feedstocks.

Key Points: 
  • Technip Energies (PARIS: TE) has been awarded a significant(1) contract by bp for a hydrogen production unit at its Kwinana biorefinery in Western Australia, in support of the planned project to produce sustainable aviation fuel (SAF) and biodiesel from bio feedstocks.
  • The contract covers Engineering, Procurement and Fabrication (EPF) of a modularized hydrogen production unit with a capacity of 33,000 normal m3/hour, using Technip Energies’ SMR proprietary technology.
  • The unit will be capable of producing hydrogen from either natural gas or biogas produced by the Kwinana biorefinery.
  • It is planned to integrate with the site’s existing import terminal operations and plans for green hydrogen production, which are currently being assessed.

Alcoa Corporation Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 19, 2023
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Inventory, Maintenance, Matrix metalloproteinase, Account, SAN, WA, Portland aluminium smelter, State government, GAAP, EDT, ASI, Certification, Public expenditure, EPA, Environmental protection, EBITDA, United Steelworkers, Risk, DWC, Sun Indalex Finance, LLC v United Steelworkers, Security (finance), EGA, Adjustment, Willowdale, Cryptocurrency, Aluminium, Pharmaceutical industry, Fine chemical, Insurance, Clothing, Property management, Aluminium oxide, Kwinana

Third-party shipments in the second quarter of 2023 include alumina purchased to offset lower production.

Key Points: 
  • Third-party shipments in the second quarter of 2023 include alumina purchased to offset lower production.
  • Western Australia Mine Plan Approvals: During the second quarter of 2023, the Company continued to work with relevant state government agencies to support the annual mine approvals process.
  • The second quarter 2023 included favorable foreign currency gains of $40 million that may not recur.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Daylight Time (EDT) on Wednesday, July 19, 2023, to present second quarter 2023 financial results and discuss the business, developments, and market conditions.

Alcoa Corporation Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, April 19, 2023
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Borrowing base, Maintenance, Portland aluminium smelter, SGA, NMA, Carbon, EDT, Public expenditure, Retirement, EBITDA, Risk, Natural gas, Security (finance), Bauxite, GEI, Renewable energy, Aluminium, Oil, Copper, Pharmaceutical industry, Rare-earth element, SAN, Aluminium oxide, Kwinana

Net loss attributable to Alcoa Corporation of $231 million, or $1.30 per share, improved sequentially.

Key Points: 
  • Net loss attributable to Alcoa Corporation of $231 million, or $1.30 per share, improved sequentially.
  • In the second quarter of 2023, Alcoa expects to record a non-cash settlement charge of approximately $18 million ($13 million after-tax, or $0.07 per share) related to this annuity transaction.
  • Alcoa recently received several recognitions during the first quarter of 2023.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Daylight Time (EDT) on Wednesday, April 19, 2023, to present first quarter 2023 financial results and discuss the business, developments, and market conditions.

Alcoa Corporation Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, January 18, 2023
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Line of credit, Security (finance), State, Public expenditure, EBITDA, DJSI, EST, Oxygen, Credit, Certification, ARO, Net, Dow Jones Sustainability Indices, ASI, Maintenance, Carbon, Warrick, Bauxite, Water, Credit management, ESG, Filtration, Sale, Willowdale, Portland aluminium smelter, Renewable energy, Aluminium, Oil, Life insurance, Airline, Gasoline, Video game, Fine chemical, Iron ore, Kwinana, SAN, Aluminium oxide

The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022.

Key Points: 
  • The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022.
  • Production began in the second quarter 2022, and it is anticipated that it will ship approximately 34,000 metric tons in the first quarter 2023 (Alcoa share).
  • The Company expects lower Alumina Segment Adjusted EBITDA of approximately $55 million per quarter in comparison to the fourth quarter 2022, after excluding $35 million of non-recurrence for the Alumar refinery ARO adjustment and certain other non-recurring expenses from the fourth quarter 2022, starting in the second quarter 2023 and continuing through the fourth quarter 2023.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Standard Time (EST) on Wednesday, January 18, 2023, to present fourth quarter and full year 2022 financial results and discuss the business, developments, and market conditions.

DGAP-News: EcoGraf Limited: Sustainability Focus Drives Value for Australian BAM Facility

Retrieved on: 
Tuesday, August 24, 2021
Industry, Company, FSE, Government, LCA, Hydrogen, Kwinana, European, OTCQX, WA, EV, Nickel, CSIRO, Carbon, Recycling, ASX, Life-cycle assessment, EGR, ESG, FMK, Water, Western Australian Government Railways, Electric battery, Sewage, Coal, Lithium

Increasing the sustainability content to complement the Company's existing strong ESG credentials has been a key focus during the pre-construction and detailed engineering design phase.

Key Points: 
  • Increasing the sustainability content to complement the Company's existing strong ESG credentials has been a key focus during the pre-construction and detailed engineering design phase.
  • A zero waste philosophy with process waste management, including developments to manage all waste streams, has been adopted.
  • The strategy includes no gaseous emissions, secondary use of the processing plant graphite bi-product fines and calcite waste products generated from wastewater treatment.
  • EcoGraf is positioning its product development program to support changes in manufacturing methods, like the move to hydrogen generated steel manufacturing.

DGAP-News: Completion of EcoGraf(TM) Processing Facility Development Report

Retrieved on: 
Thursday, November 5, 2020
Materials, Matter, Graphite, Kwinana

EcoGraf Limited (EcoGraf or the Company) (ASX: EGR) has prepared the Development Report for the financing, construction and operation of the new EcoGraf(TM) Processing Facility in the Kwinana-Rockingham Strategic Industrial Area of Western Australia.

Key Points: 
  • EcoGraf Limited (EcoGraf or the Company) (ASX: EGR) has prepared the Development Report for the financing, construction and operation of the new EcoGraf(TM) Processing Facility in the Kwinana-Rockingham Strategic Industrial Area of Western Australia.
  • The Development Report supports due diligence processes for project funding arrangements, including debt financing with Export Finance Australia and was prepared in conjunction with Australian engineering and construction group GR Engineering Services Limited.
  • World's first purified spherical graphite processing facility outside of China at a time when electric vehicle, battery and anode producers are actively seeking to diversify battery mineral supply chains.
  • Proprietary EcoGraf(TM) purification processing technology provides competitive advantages through environmental sustainability, product quality and low cost with patent pending and trademarks registered.