Emirates Global Aluminium (EGA), which is the largest industrial company in UAE outside oil and gas, has signed an agreement with Colombia-based aluminium supplier NEO Aluminio Colombia. The agreement could lead to the export of EGA’s technology for the development of the first aluminium production facility in the South American country.
NEO Aluminio Colombia is currently assessing the feasibility of building a low carbon aluminium production facility, the Green Aluminium Transformation Complex for Colombia (GALTCO).
The project, powered with hydroelectricity is intended to reach a capacity of 540,000 tonnes of aluminium per year.
The agreement enables EGA licensing its UAE-developed aluminium smelting technology to NEO Aluminio Colombia, and providing an array of technical services to the Colombian company during the construction and ramp-up of the project.
The agreement was signed by EGA’s chief executive officer, Abdulnasser Bin Kalban, and NEO Alumninio Colombia’s chief executive officer, Carlos Santiago.
Commenting on the partnership, Kalban, said: “Technology innovation has been an important foundation of EGA’s development and success. One of our strategic priorities is to make EGA the technology partner of choice for new smelter projects, building on our success in Bahrain and strengthening technology sales as a revenue stream for our company. We look forward to growing this project with NEO Aluminio Colombia and ultimately to the successful application of EGA’s UAE-developed industrial technology in their project.”
Speaking about the partnership with EGA, Santiago, said: “Finding the right technology partner is an important milestone in the development of our proposed new aluminium transformation complex. After a global search, we have selected EGA based on the performance of their technology, the depth of their technological expertise, and their track record in some of the world’s most significant recent greenfield and brownfield production developments.”
