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EGA and Masdar collaborate for sustainable aluminum manufacturing
The alliance will ensure the development of renewable energy projects such as battery storage and green hydrogen storage.
Aluminum production is known for its substantial energy requirements, often fueled by fossil fuel electricity. This reliance on non-renewable sources contributes significantly, accounting for nearly 60% of greenhouse gas emissions within the aluminum industry worldwide.
In response to these challenges, Emirates Global Aluminium (EGA), the UAE’s leading non-oil industrial firm responsible for producing one in every 25 tonnes of aluminum globally, has partnered with Abu Dhabi’s Masdar, a renewable energy company. Together, they aim to strategize and implement decarbonization initiatives.
In their collaborative endeavor, EGA and Masdar are focusing on advancing renewable energy projects, encompassing initiatives like battery storage and the production and storage of green hydrogen. Additionally, they aim to explore opportunities for Masdar to assist EGA in providing renewable energy for new aluminum production facilities globally.
“Strong partnerships such as this are exactly what the world needs to accelerate our path to net zero,” said Mohamed Al Ramahi, CEO of Masdar. “We look forward to developing further compelling propositions for international markets to maximize the economic benefits of using renewable energy.”
Abdulnasser Bin Kalban, CEO of EGA, highlighted the potential for an 80% surge in aluminum demand by 2050. However, he highlighted that achieving this ambitious target hinges on ensuring the sustainability of aluminum production processes.