Alcoa inks deal to build smelter.Alcoa has signed an agreement in principle with the government of the Republic of Trinidad and Tobago Trinidad and Tobago (trĭn`ĭdăd, təbā`gō), officially Republic of Trinidad and Tobago, republic (2005 est. pop. 1,088,000), 1,980 sq mi (5,129 sq km), West Indies. The capital is Port of Spain. to build a 341,000 metric-tons-per-year aluminum smelter in Southwestern Trinidad. The agreement follows the signing of a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. in May 2004 that states that Alcoa would participate in the development of an aluminum industry in Trinidad and Tobago. It is anticipated that Alcoa would build the aluminum smelter, an associated anode anode (ăn`ōd), electrode through which current enters an electric device. In electrolysis, it is the positive electrode in the electrolytic cell. anode Terminal or electrode from which electrons leave a system. plant and cast house. Project plans call for the production of 240,000 million tons per year of billet and forging stock and also includes possible downstream From the provider to the customer. Downloading files and Web pages from the Internet is the downstream side. The upstream is from the customer to the provider (requesting a Web page, sending e-mail, etc.). facilities. The facilities would be powered by a self-contained power plant fueled by natural gas. The new smelter and related facilities are projected to cost approximately $1.5 billion. |
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