Clifford Chance

Clifford Chance advises Mitsubishi Corporation on low carbon Aluminium project in Finland

Global law firm Clifford Chance has advised Mitsubishi Corporation on its investment into and partnership with Rio Tinto, the Swedish investment company Vargas and other local industry partners in relation to a low carbon aluminium Project in Kokkola, Finland. The partners will initially undertake a feasibility study to assess the financial and technical aspects of the Project as well as its economic, social and environmental impact.

The Project is a primary aluminium manufacturing project using CO2-free electricity and is the first new project in Europe in more than 30 years. Leading aluminium producer Rio Tinto will provide state-of-the-art aluminium production technology for the Project. In addition to contributing funds for the feasibility study, Mitsubishi Corporation will contribute to the feasibility assessment based on its investment and management track record in the aluminium business and its sector knowledge gained through its global aluminium trading activities.

The Clifford Chance team was led from London by M&A Partner Nicholas Rees and senior associate Chelsea Bruk-Jackson.