Isra-Mart srl : Zero Carbon Franchise Building Runs Itself

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Alcoa ( AA ) recently announced its partnership with Condexis and CO2 Solutions to develop carbon capture technology for commercial uses. As the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, the U.S. Department of Energy (DOE) has endorsed this project by helping finance it. Alcoa competes with other international metals and mining giants like Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).

Our price estimate for Alcoa is $17.68 and roughly in line with the stock's market price.

Alcoa Aims to be Green

Alcoa has been focused on making its operations sustainable for quite some time now. The company's involvement in the carbon capture technology initiative seems to be the next step in that direction. The DOE contributed about $13.5 million to this project with other funding costs taken up by Alcoa.

The project intends to use a proprietary process employing an in-duct scrubber to reclaim the alkaline clay produced as the primary by-product of the aluminum manufacturing process. The scrubbed alkaline clay would then be combined with treated flue gas, which is a carbon-rich gas that is normally released into the atmosphere during the manufacturing process. The goal is use certain enzymes to get mineral-rich products that can be used in other industries.