When we created Nature Alu, our goal was to become part of the energy transition through high-purity aluminum. High-purity aluminum is found in lithium ion batteries, aluminum-air batteries and electrolytic capacitors, which are widely used in electric cars. This is one of the market segments we wanted to break into.
High-purity aluminum produced at Nature Alu has the lowest carbon footprint in the world. Our competition comes mainly from China, where aluminum smelters operate using coal-fired electricity. Purification processes used in China are energy intensive compared to ours. As a result, the carbon footprint of Nature Alu's aluminum is 20 times smaller than the carbon footprint of the same product made in China using energy from coal. That's an advantage we have.
The supply chain also matters. We've talked to people who would like to choose suppliers that don't necessarily come from China or Russia. Today, the majority of high-purity aluminum comes from those countries. People are looking to diversify their supply chain and Nature Alu is an option for them, provided we can offer a competitive price.