Masdar and Emirates Global Aluminium Sign Cooperation Agreement to Reduce Carbon Emissions in Aluminum Sector
Masdar and Emirates Global Aluminium signed agreement with the aim at reducing carbon emissions in the aluminum sector and promote the production of low-carbon aluminum using renewable energy.
Collaboration for a Sustainable Future of Aluminum Industry:
The agreement outlines key areas of collaboration between the two companies, including:
- Exploring opportunities to develop joint renewable energy projects:
These projects aim to provide clean and sustainable power for EGA’s operations.
Significantly reducing their carbon footprint. - Expanding cooperation in battery energy storage, green hydrogen production, and storage:
This collaboration will support EGA’s efforts to achieve its long-term climate goals. - Supporting EGA in establishing new aluminum production facilities powered by renewable energy sources:
This initiative aims to solidify the UAE’s position as a leading hub for sustainable aluminum production.
Significance of the Agreement:
- This agreement represents a significant step towards reducing carbon emissions in the aluminum sector, one of the most energy-intensive industries globally.
- The agreement supports the UAE’s climate objectives, including its target of achieving net-zero emissions by 2050.
- It demonstrates the commitment of both Masdar and EGA to innovation and sustainability.
About the Companies:
Masdar:
Established in 2006, Masdar is a UAE-based global leader in clean energy.
The company operates in over 40 countries and invests in a renewable energy portfolio exceeding 20 gigawatts.
Masdar aims to generate at least 100 gigawatts of renewable energy and up to one million tons of green hydrogen by 2030.
Today, G42, the holding company in the field of artificial intelligence technology in the UAE, and Microsoft announced a strategic investment of $1.5 billion (5.5 billion dirhams) from Microsoft in G42. pic.twitter.com/dwOdbyOUmw
— UAE Voice (@uae_voiceeng) April 16, 2024
Emirates Global Aluminium (EGA):
The world’s largest producer of high-quality aluminium.
EGA produces one tonne out of every 25 tonnes of global aluminium output.
The company’s aluminium is the UAE’s largest export after oil and gas, shipped to over 50 countries.
In 2021, EGA became the first company globally to commercially produce aluminium using solar power.
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