alliance between "source" And" Emirates Global Aluminium" To support the growth of the low carbon aluminum sector
ABU DHABI, 17 APRIL / WAM / Abu Dhabi Future Energy Company “Masdar”, one of the world’s leading companies in the field of renewable energy, announced that it has signed a cooperation agreement with Emirates Global Aluminium, the largest producer of high-quality aluminum in the world, with the aim of unifying efforts and harnessing the available capabilities to reduce… Emissions in the aluminum sector and developing the low-carbon aluminum sector based on renewable energy.
The agreement signing ceremony was witnessed by His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of the Board of Directors of Masdar.
Masdar and EGA will explore opportunities to develop joint renewable energy projects, with the possibility of expanding cooperation to include the areas of energy storage batteries and green hydrogen production and storage, which will contribute to supporting EGA’s efforts to decarbonize all of its current and future operations in the region. Country.
The two companies will cooperate to explore more opportunities globally through which Masdar will support Emirates Global Aluminum Company in supplying new aluminum production facilities with renewable energy sources.
Masdar is a global leader in the field of renewable energy, developing and operating prominent renewable energy projects at the utility level around the world. The aluminum production process requires energy-intensive consumption, and emissions resulting from electricity generation operations represent 60% of the total emissions resulting from the aluminum industry in the world.
Mohammed Jameel Al Ramahi, CEO of Masdar, said on this occasion: “Masdar is proud to cooperate with Emirates Global Aluminum and support its endeavors to reduce carbon emissions associated with aluminum production. There is no doubt that such important and effective partnerships contribute to accelerating global efforts to reach… Climate neutrality.
He added: “The combined efforts of various companies and institutions, and harnessing their knowledge and resources to help remove carbon within vital sectors, would bring tangible benefits in terms of economic development and protection of the planet. We look forward to continuing to introduce highly efficient solutions and projects in global markets and benefiting from the economic advantages that it entails.” “It has to use renewable energy.”
For his part, Abdul Nasser bin Kalban, CEO of Emirates Global Aluminum, said: “It is expected that the global demand for aluminum will witness significant growth of up to 80% by 2050 thanks to its essential role in the process of decarbonization within various economic sectors, and achieving this growth depends on On enhancing sustainability in aluminum manufacturing.”
He added: “Our alliance with Masdar, the world’s leading Emirati company in the field of renewable energy, will open new horizons and opportunities in the field of decarbonizing our existing operations and expanding the scope of our production of celestial aluminum using solar energy. It will also contribute to supporting the achievement of low-carbon growth, and we look forward to cooperation.” With a source in projects at the local and global levels.”
Emirates Global Aluminum Company produces one ton out of every 25 tons of global aluminum production. The aluminum manufactured by the company is considered the country’s largest export after oil and gas and is shipped to more than 50 countries.
In 2021, Emirates Global Aluminum became the first company in the world to produce aluminum commercially using solar energy, as it produced approximately 39 thousand tons in that year, and in 2023 it produced about 66 thousand tons of “Celestial” aluminum using solar energy.
Masdar, which was established in 2006, is considered a global leader in the field of clean energy. It is active in more than 40 countries and invests in a portfolio of renewable energy projects with a total production capacity exceeding 20 gigawatts. It aims to produce at least 100 gigawatts of renewable energy and more. Up to 1 million tons of green hydrogen by 2030.
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