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Alcoa And EGA Seal Historic Alumina Supply Pact | |
| Sumita Pawar |
Alcoa and Emirates Global Aluminium (EGA) have signed an eight-year agreement for Alcoa to supply EGA with smelter-grade alumina, making Alcoa EGA’s largest third-party supplier of alumina.
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The agreement, which commences in 2024, includes volume options that could allow EGA to procure as much as 15.6 million metric tonnes of alumina from Western Australia, representing a significant portion of Alcoa's annual third-party alumina sales.
The contract includes options for EGA to choose Alcoa’s low-carbon EcoSource alumina, which is produced with no more than 0.6 metric tonnes of carbon dioxide equivalents (CO2e) per tonne of alumina, half of the industry’s average of 1.2 metric tonnes of CO2e.
EGA’s Al Taweelah alumina refinery in Abu Dhabi met 47% of EGA’s total alumina needs in 2022. Alcoa President and CEO Roy Harvey said the agreement is the largest alumina supply contract ever signed between Alcoa and EGA and will strengthen the long-term supply relationship between the two companies.
Abdulnasser Bin Kalban, EGA’s Chief Executive Officer, said the agreement will further strengthen EGA’s platform for future growth.
EGA is the largest industrial company in the UAE outside of oil and gas, operating smelters in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi, and a bauxite mine in the Republic of Guinea.