MANAMA (ALBH): Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, and Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, have recently inked a Technology Services Agreement for Alba’s Reduction Line 6.

The Agreement was signed between Alba’s CEO Ali Al Baqali and EGA’s CEO Abdulnasser Bin Kalban in the presence of top officials from both companies.

This Agreement encompasses both onsite and remote assistance wherein EGA will provide Alba’s Reduction Line 6 with technical support services, monitoring services as well as operational consultation. The agreement also covers operational and process audits, technical training workshops, as well as hands-on operation support among others.

Commenting on this occasion, Alba’s CEO Ali Al Baqali stated:

“Alba’s Reduction Line 6 is a success story built upon the foundation of our exceptional local talent and bolstered by EGA’s DX+ Ultra technology playing a role in it.

We are excited to build on our partnership with EGA through this technical services agreement as it will enable our human talent to continuously benefit from EGA’s DX+ Ultra advancements and achieve our sustainability objectives.”

Commenting on this occasion, Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, stated: “EGA’s longstanding partnership with Alba reflects the vision of our wise leadership to deepen the dynamic relations between our two countries. We are pleased to extend our technology and know-how provision to Aluminium Bahrain and further build on the success of Reduction Line 6 built with EGA technology. Our partnership is grounded in shared values and commitment to advancing sustainable development. At EGA, we have been developing our own technology for more than 30 years. EGA’s bold aspiration is to innovate the future of aluminium production and cement our position as the technology partner of choice for our industry.”

Commissioned on 13 December 2018 and gradually ramped up over the course of 2019, Alba’s Reduction Line 6 has brought the Company’s nameplate production capacity to more than 1.6 million metric tonnes per annum.

About Aluminium Bahrain B.S.C. (Alba)

[Ticker: ALBH]

At plus-1.62 million metric tonnes per annum (mtpa) (2023), Alba is one of the largest smelters in the world with more than 50 years of excellence in Operations, Safety, Environment and Socio-Economic Development.

A blue-chip asset of the Kingdom of Bahrain, Alba produces high-quality Aluminium products in the form of Standard and Value-Added Products (VAP)s, which are exported to more than 240 global customers through its sales offices in Europe (Zurich), Asia (Singapore) and subsidiary office in the U.S. Alba is dual listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), SABIC Industrial Investments Company (SIIC) (20.62%) and General Public (10%). Alba holds globally-recognised certifications such as ISO 9001, ISO 14001, ISO 27001, ISO 45001, IATF 16949:2016, ISO 22301:2012 Business Continuity Management System (BCMS) and ASI Performance Standard Certification and Ecovadis Certification.

As the first aluminium smelter in the Middle East, Alba sits at the heart of a thriving aluminium downstream sector in Bahrain, which accounts for approximately 12% of the Kingdom's GDP. As one of the biggest national companies, it has ensured not only the employment of Bahrain nationals (85% in 2022) but also the enhancement of their capabilities through education, training, and development initiatives at every stage of their career.

Alba is recognised as one of the top industrial companies in the world with high standards in Environment practices, Social contribution and Corporate Governance. Launched in February 2022, the Company’s ESG Roadmap outlines 6 priority areas - (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba’s first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant, the upcoming 5-7 MW Solar Farm Project and the Power Station 5 Block 4 Project are tangible efforts to meet the goals of the Net Zero Carbon targets by 2060 led by HRH the Crown Prince and Prime Minister of Bahrain. Alba will also play a crucial role in the upcoming Aluminium Downstream Park, which will increase the contribution of non-oil sectors to the GDP of Bahrain.

Alba’s motto ‘Safety First, Safety Always’ has ensured that the Safety and well-being of its employees and contractors’ workforce remain a top priority. The Company broke all previous records in Safety and topped 30 million Safe working-hours without Lost Time Injury (LTI) on 01 September 2022 for the first-time in its history. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA Gold Medal Award (9 years in a row) and International Safety Award with Merit from British Safety Council, as well as six major National Safety Council (NSC) USA awards for 2021. Alba has also been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom.

About EGA

Since 1975, when it was founded as Dubai Aluminium by His Highness Sheikh Rashid bin Saeed Al Maktoum, Emirates Global Aluminium has been innovating aluminium to make modern life possible.

Today EGA is the world’s biggest ‘premium aluminium’ producer and the largest industrial company in the United Arab Emirates outside the oil and gas industry.

EGA is equally-owned by Mubadala Investment Company of Abu Dhabi and the Investment Corporation of Dubai. It is the largest company jointly owned by the two Emirates.

EGA is an integrated aluminium producer, with operations from bauxite mining to the production of cast primary aluminium. EGA operates aluminium smelters in Jebel Ali and Al Taweelah, an alumina refinery in Al Taweelah and a bauxite mine and associated export facilities in the Republic of Guinea.

EGA’s aluminium is the second largest made-in-the UAE export after oil and gas. In 2023, EGA sold 2.75 million tonnes of cast metal. EGA is the only UAE producer and makes the UAE the fifth largest aluminium producing nation in the world.

EGA has more than 400 customers in over 50 countries. In 2023, value-added products accounted for 76 per cent of EGA’s cast metal sales.

EGA’s aluminium is primarily used in the construction, automotive, packaging, aerospace and electronics industries.

Around 10 per cent of EGA’s aluminium production is sold in the UAE to around 26 downstream aluminium companies that make products with EGA’s aluminium. The growing broader aluminium sector in the UAE supports almost 48,000 jobs. EGA itself employs around 6,800 of these people including more than 1,200 UAE Nationals.

EGA has focused on technology development for over 30 years. EGA has used its own technology for every smelter expansion since the 1990s and has retrofitted all its older production lines. In 2016 EGA became the first UAE industrial company to licence its core industrial process technology internationally.

As a corporate citizen of the UAE, EGA aspires in all its operations to be measured amongst the world’s leading metals and mining companies in meeting its environmental and social responsibilities. In 2017, EGA became the first Middle East headquartered company to join the Aluminium Stewardship Initiative, a global programme to foster greater sustainability and transparency in the aluminium industry. In 2019, EGA’s Al Taweelah site became the first in the Middle East to receive certification from ASI for its sustainability practices and performance. EGA’s Jebel Ali site was certified in 2021. EGA’s bauxite mining subsidiary, Guinea Alumina Corporation, achieved the first ASI certification in Guinea in 2023. Al Taweelah alumina refinery was certified later in 2023, with the result that EGA now has all of its global operations certified to the aluminium industry’s internationally recognised standard for environmental and social performance and governance.

In 2021, EGA began production of CelestiAL solar aluminium, produced with solar power from the Mohammed Bin Rashid Al Maktoum Solar Park on the outskirts of Dubai. EGA is the first company in the world to make aluminium commercially using the power of the sun. 

EGA was formed in 2014 through the merger of Dubai Aluminium and Emirates Aluminium.

EGA’s Jebel Ali aluminium smelter began production as DUBAL in 1979. At almost five square kilometres, this site is five times bigger than Dubai Mall.

EMAL started production in 2009 and its Al Taweelah aluminium smelter was the largest single-site aluminium smelter in the world when completed. EGA’s Al Taweelah site is five times bigger than Al Maryah Island at six square kilometres.

EGA has its own power stations at both sites, producing electricity to meet its needs. EGA’s electricity generation capacity is 6,474 megawatts, making EGA the third largest electricity generator in the UAE after the Dubai and Abu Dhabi utilities. EGA also produces water through desalination units at its power plants.

EGA began production at Al Taweelah alumina refinery in April 2019. EGA’s alumina refinery is the first in the UAE and only the second in the Middle East. The project reduces the UAE’s dependence on imported alumina and supplies over 48 per cent of EGA’s needs.

Bauxite exports from Guinea Alumina Corporation, EGA’s wholly-owned subsidiary in Guinea, began in August 2019. The GAC project was one of the largest greenfield investments in Guinea in over 40 years.

For more information on EGA please visit www.ega.ae

Alba Power Station 5 Block 4 Expansion Project

Alba Power Station 5 (PS5) Block 4 is a Combined Cycle Power Plant that is an expansion of the existing PS5.

PS5 Block 4 Project is the addition of a fourth Block of similar 1:1:1 configuration with J-class gas turbine technology and with minimum nominal ISO rating of a 680.9 MW and includes tie into the existing 220kV Substation. The efficiency of this combined cycle power plant is much higher than the combined cycle power plants of PS3 and PS4. On completion of PS5 Block 4 Expansion Project, the nameplate capacity of PS5 will increase from 1,800 MW to 2,481 MW.

Mitsubishi Power & SEPCOIII consortium will be responsible to design, engineer, procure, construct and commission Block 4. PS5 Block 4 commercial operations are expected to begin in Q4 2024.

Alba Stakeholder Engagement Plan

Alba’s ‘Stakeholder Engagement Plan’ outlines the Company’s communication with all its stakeholders including the community, the Environment and Social impacts as well as mitigation controls for its operations in addition to its external Grievance Mechanism through the Code of Conduct, for any stakeholder(s) or the public to raise any concerns or issues.

Alba’s External Grievance Mechanism

Alba Integrity Line is an independently operated confidential reporting hotline for all stakeholders, employees, contractors and commercial partners, and broader community, to report on a confidential basis, any potential breaches of Alba’s Code of Conduct, as well as Environment and Social (E&S) Impacts. Alba Integrity Line is available in multiple languages - via a toll-free phone system or via the intranet and the Company’s website www.albasmelter.com 24 hours a day.

For further details, please contact:
Eline Hilal
Director, Investor Relations, Insurance & Corporate Secretary
Investor Relations Department
E-mail:   eline.hilal@alba.com.bh
Website: www.albasmelter.com
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