Abu Dhabi Future Energy Company (Masdar), one of the world’s largest clean energy companies, and Emirates Global Aluminium (EGA), the largest ‘premium aluminum’ producer in the world, have entered into an alliance to work together on aluminum decarbonization and low-carbon aluminum growth opportunities.
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.
Mohamed Jameel Al Ramahi CEO – Masdar
“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.”
The two companies will also work together internationally to find opportunities through which Masdar will support EGA to power new aluminum production facilities with renewable energy sources.
Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said that, “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 aluminum, and secure 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,” the EGA CEO further added.
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