Liberty House and SIMEC buy UK's last aluminium smelter under green metals plan

Madeleine Cuff
clock
The deal includes acqusition of two nearby hydroelectric dams | Credit: Rio Tinto
Image:

The deal includes acqusition of two nearby hydroelectric dams | Credit: Rio Tinto

Deal includes purchase of two hydro plants, which will power the smelting operations and production of aluminium wheels for the car industry

Plans to develop a green aluminium industry in the Highlands of Scotland took a major step forward today with the news that Liberty House Group (LHG) and SIMEC - both owned by members of the Gupta family...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports, exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Credit: iStock

Study: Oil majors' global decarbonisation scenarios are incompatible with Paris Agreement goals

Climate Analytics study warns global decarbonisation pathways published by BP, Royal Dutch Shell and Equinor are not in line with Paris Agreement

clock 16 August 2022 • 4 min read
Britain's next Prime Minister is set to be announced on 5 September | Credit: iStock

Can green Tories push the next PM to offer more support for insulation and heat pumps?

Conservative Environment Network calls for expansion of schemes for energy efficiency and heat pumps, alongside longer-term clarity to encourage green investment

Michael Holder
clock 16 August 2022 • 7 min read
Keir Starmer has unveiled Labour's £29bn plan to curb the impact of soaring energy bills

Energy crisis: Labour unveils £6bn home insulation plan, as pressure mounts on government for action

Liz Truss, Rishi Sunak and Downing Street face mounting pressure to ramp up support for energy efficiency and billpayers as autumn draws nearer

Michael Holder
clock 15 August 2022 • 7 min read