ALCOA SUPPLIES ECOLUM LOW CARBON ALUMINUM TO HELLENIC CABLES

Alcoa Corporation (AA: NYSE) announced today that it is supplying EcoLum ™ low-carbon aluminum to Hellenic Cables SA, one of Europe’s largest cable producers with key markets in renewable energy transmission and distribution .

Hellenic Cables, the cable segment of Cenergy Holdings, operates five manufacturing plants in three countries and manufactures energy, telecom and submarine cables and compounds.

The EcoLum brand is part of Alcoa’s Sustana ™ family of low-carbon products, the most comprehensive in the aluminum industry, and has a carbon footprint that is approximately 3.5 times better than the industry average.

“We are very proud to partner with Hellenic Cables and assist them in their stated mission to develop a sustainable energy future,” said Kelly Thomas, executive vice president and chief commercial officer of Alcoa. “We know that aluminum is a key material for a more sustainable future, and we are the company that delivers responsible production from mine to metal, all backed by excellent quality and strong customer service.”

Produced in aluminum smelters with hydroelectric power, EcoLum aluminum has no more than 4.0 metric tons of CO 2 e emissions per ton of metal produced, including direct and indirect emissions (Scope 1 and Scope 2) throughout the production chain, including bauxite. Alumina mining and refining.

Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables, said Hellenic finds strong alignment with Alcoa’s strategic priority to move forward in a sustainable manner.

“Hellenic Cables is committed not only to reducing its own operational emissions, but also to boosting decarbonization activities in all areas of influence of the business,” Alexiou said. “Alcoa is a key enabler that contributes efficiently in this direction. We prioritize the urgency of deep and immediate mitigation actions, so EcoLum minimizes our environmental impacts and increases the value of our products.”

Aluminum is an excellent alternative to copper in terms of conductivity, mechanical properties and durability. By using low carbon EcoLum aluminum, Hellenic Cables’ customers will have the opportunity to reduce their own Scope 3 emissions by purchasing high quality cable products with a significantly lower carbon footprint.

In its 2022 order backlog, Alcoa is experiencing a more than threefold annual increase for its Sustana aluminum products. In addition to EcoLum, the Sustana line also includes EcoDura ™ aluminum, which includes at least 50 percent recycled content, and EcoSource ™ , the world’s only low-carbon, foundry-grade alumina brand.

EcoLum is produced in foundries that run predominantly on renewable energy. Today, more than 80 percent of Alcoa’s global smelting operations are powered by renewable energy. In addition to Alcoa’s low-carbon products, the company has a technology roadmap that aims to reinvent the aluminum industry for a sustainable future and support its ambition of net zero by 2050 .

About Alcoa Corporation

Alcoa (NYSE: AA) is a global leader in the bauxite, alumina and aluminum products industry with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that embraces integrity, operational excellence, people care and courageous leadership, our purpose is to turn raw potential into real progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities everywhere we operate.

About helical cables

Hellenic Cables is one of Europe’s largest cable producers, manufacturing power and telecom cables as well as submarine cables for various industries, including offshore wind and utilities, in addition to undertaking turnkey power transmission and distribution projects. Through its wholly owned subsidiary Fulgor, Hellenic Cables operates its submarine cable plant in Corinth, Greece, where the production and testing of some of the world’s longest factory unspliced submarine cables is enabled by the Company’s state-of-the-art technology. state-of-the-art facilities and equipment. Since 2012, Hellenic Cables has implemented a €230 million investment plan for the production of high and extra high voltage submarine cables at the Corinth plant. Hellenic Cables represents the cable production segment of Cenergy Holdings SA. For more information, www.hellenic-cables.com .

About Cenergy Holdings

Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and the Athens Stock Exchange, which invests in leading industrial companies and focuses on the growing global demand for energy transfer, renewable energy and data transmission. Cenergy Holdings’ portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high-growth sectors. Corinth Pipeworks is the world’s leading manufacturer of steel pipe for the oil and gas industry and a major producer of hollow steel sections for the construction industry. Hellenic Cables is one of Europe’s largest cable producers and manufactures telecom and power cables as well as submarine cables for the above-mentioned sectors. For more information, visit www.cenergyholdings.com .