Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s largest clean energy companies, and Emirates Global Aluminium (EGA), the largest ‘premium aluminium’ producer in the world, agreed on an alliance to work together on aluminium decarbonization and low-carbon aluminum growth opportunities.
Industry sources added that this signing was witnessed by His Excellency Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Chairman of Masdar.
Industry sources added further that Masdar and EGA will explore the joint development of renewable energy projects, with potential battery storage and green hydrogen production and storage, to support the decarbonization of EGA’s existing operations in the UAE, and any future operations in the country.
The two firms will also operate together globally to find opportunities through which Masdar will support EGA to power new aluminium production facilities with renewable energy sources.
Mohamed Al Ramahi, Chief Executive Officer of Masdar, stated: “Masdar is proud to be collaborating with EGA to help decarbonize the aluminum production process. Strong partnerships such as this are exactly what the world needs to accelerate our path to Net Zero. When organizations combine their knowledge and resources to help decarbonize vital industries, we not only protect the environment but we also boost the economy. This is core to our mission at Masdar. We look forward to developing further compelling propositions for international markets to maximize the economic benefits of using renewable energy.”
Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, stated: “Aluminium plays an essential role in decarbonization economy-wide, which is why demand for this metal has the potential to grow by as much as 80 percent by 2050. Fulfilling this potential depends on how sustainably aluminum is made. EGA’s alliance with Masdar, another UAE industrial champion and a global leader in clean energy, should unlock opportunities to decarbonize our existing operations including further expanding our production of CelestiAL solar aluminium and securing low-carbon growth. We are already exploring opportunities together, and I look forward to working with Masdar both in the UAE and around the world.”
EGA produces one-in-every 25 tonnes of aluminium made worldwide. The company’s metal is the biggest made-in-the-UAE export after oil and gas and is shipped to more than 50 countries.
In 2021, EGA became the first company in the world to make aluminium commercially using solar power, producing almost 39 thousand tonnes that year. In 2023, EGA produced some 66 thousand tonnes of CelestiAL solar aluminium.
