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Premium News Article
Anglesey Aluminium Studies 300-Megawatt Biomass-Fired Power Plant in Wales
TAUNTON, UNITED KINGDOM--September 23, 2009--Researched by Protel Associates Limited in alliance with Industrial Info Europe (Galway, Ireland)--Anglesey Aluminium Metals Limited (AAM) (Holyhead, Wales), jointly owned by London-based Rio Tinto plc (NYSE:RTP) (51%) and Kaiser Aluminum & Chemical Corporation (NASDAQ:KALU) (Foothill Ranch, California) (49%) has submitted an application for Section 36 approval for construction of a £350 million ($567 million) biomass-fired power station, which will be located near the company's Penrhos Works aluminum smelter in Holyhead, Wales, in the United Kingdom. Anglesey Aluminium currently relies on electricity from the Wylfa nuclear power station for its energy intensive electrolytic process. However, Wylfa is set to close by 2010, and the company has been forced to consider alternative supply options in order to avoid buying electricity at wholesale prices.
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