“The world is changing and as we gather here in this Forum, we should take on the responsibility for finding answers to the most pressing ESG challenges of our time to foster a better future for generations to come,” stated the Chairman of Aluminium Bahrain B.S.C. (Alba)’s Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, while addressing the participants of the 26th Arab German Business Forum that was held from 05 – 07 June 2023 at The Ritz-Carlton, Berlin, Germany.
Shaikh Daij bin Salman bin Daij Al Khalifa delivered his speech during the Forum’s Gala Dinner held on 06 June 2023, and added: “a sustainable and decarbonised world is one of intersections – between the environment and societies, technology and innovation, collaboration and action. As we are facing similar challenges all around the world, I take the opportunity to call for action so we advance together to meet our national targets in order to achieve the right balance between our economic gains and social returns.”
Several ongoing initiatives which Alba has embarked on to reduce its carbon footprint and support the Kingdom’s ‘Net Zero Emissions by 2060’ objectives under the leadership of HRH Prince Salman Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of the Kingdom of Bahrain, were highlighted by Alba’s Chairman of the Board of Directors in his speech – including Power Station 5 Block 4 Project and Solar Farm Projects which will further lower Alba’s GHG intensity levels in addition to the Company’s commitment to planting 6,000 trees per year and support towards restoration of mangrove forests in Bahrain.
Alba’s delegation in the Forum comprised also Chief Executive Officer, Ali Al Baqali, who was featured in the Panel discussion on “Sustainability as a Success Factor & Global Challenge: How to maintain Sustainable Growth in Economies?” alongside other business leaders and experts, which was held on 07 June 2023.
Organised by the Arab-German Chamber of Commerce and Industry (Ghorfa), the Arab-German Business Forum is one of the leading platforms that promote business cooperation between German and Arab companies, gathering business leaders, experts, and decision-makers under one roof.
About Aluminium Bahrain B.S.C. (Alba)
At plus-1.6 million metric tonnes per annum (mtpa) (2022), Alba is the world’s largest aluminium smelter ex-China 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.
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.
For further details, please contact:
Director, Investor Relations, Insurance & Corporate Secretary
Investor Relations Department
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