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EGA plans to set up aluminium production plant in US on track

Gulf Today

|

May 18, 2025

Emirates Global Aluminium, the largest 'premium aluminium' producer in the world, announced the progression of plans to develop the first new primary aluminium production plant in the United States of America since 1980.

EGA plans to set up aluminium production plant in US on track

The plant is expected to have a production capacity of 600 thousand tonnes of primary aluminium per year, nearly doubling the United States' production of an essential material for modern life and for national security. Some 85 per cent of the aluminium needs of American industries, from automotive to aviation and construction, are currently met by imports.

Construction of EGA's American primary aluminium plant is expected to begin after a feasibility study and by the end of 2026, with first hot metal by the end of the decade. EGA is expecting to invest around $4 billion to develop the project.

The primary aluminium production plant will be located in Oklahoma, subject to the finalisation of a competitive long-term power supply for the plant and State and local investment incentives and tax credit arrangements.

EGA is in advanced negotiations with Public Service Company of Oklahoma (PSO) and the Oklahoma government.

EGA has already signed an exclusive land option agreement for a site in the industrial park at Tulsa Port of Inola, located in Inola, Oklahoma. Near Tulsa, Oklahoma, the Tulsa Port of Inola is located on the McClellan-Kerr Arkansas River Navigation System (M-KARNS), which is connected to the Mississippi River system and provides for efficient bulk freight movement.

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Budget challenge for Reeves gets even bigger as borrowing surges

Britain's borrowing has shot past the official forecasts that underpin the government's tax and spending plans, compounding the already big challenge facing finance minister Rachel Reeves in her November budget.

time to read

3 mins

September 22, 2025

Gulf Today

1,000 govt, private sector leaders to grace Dubai event

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Mohammed Bin Rashid Leaders Forum will open on Wednesday at the Dubai World Trade Centre (DWTC).

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Group launches manufacturing hub to build over 150 industries

India's Rana Group has launched Erisha Smart Manufacturing Hub that will see the development of 150 large industries at Al Ghail Indudtrial Area in Ras Al Khaimah in the next five years.

time to read

2 mins

September 22, 2025

Gulf Today

UAE seeks to increase number of startups to over 2 million

Abdullah Bin Touq Al Marri, Minister of Economy and Tourism, affirmed that startups and entrepreneurs constitute a fundamental pillar in the UAE's economic growth journey, noting that the country aims to increase the number of companies to more than two million by 2031.

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Amorim calls for Man.United to keep up their sense of urgency

Manchester United manager Ruben Amorim said his side must match the level of urgency they showed against Chelsea on Saturday if they are to keep on winning.

time to read

1 mins

September 22, 2025

Gulf Today

Peace with Lebanon and Syria 'possible'

Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel's war with Lebanese group Hizbollah had created the possibility for peace with neighbouring Lebanon and Syria.

time to read

1 min

September 22, 2025

Gulf Today

Council calls for unified global efforts to end wars

The Muslim Council of Elders called for unified international efforts to halt all conflicts and wars that have claimed tens of thousands of lives around the world.

time to read

1 mins

September 22, 2025

Gulf Today

Switzerland's Reusser powers to world time trial title

Marlen Reusser made a golden breakthrough on Sunday as she claimed the women’s time trial at the cycling World Championships in Kigali.

time to read

2 mins

September 22, 2025

Gulf Today

Gulf Today

ADTD wraps up roadshow in India

The Ajman Department of Tourism Development (ADTD) has concluded a five-day roadshow in India as part of its efforts to expand the emirate’s presence in international markets, particularly India, a key emerging tourism market.

time to read

1 min

September 22, 2025

Gulf Today

Gulf Today

Dubai Integrated Economic Zones Authority trade up 19% at Dhs336b

The Dubai Integrated Economic Zones Authority (DIEZ) achieved record growth in its total trade across the three economic zones in 2024, reaching a value of Dhs336 billion, a 19% increase compared to 2023. DIEZ also achieved a 13.7% share of Dubai's non-oil trade, its highest-ever contribution to date, sustaining growth for the fourth straight year.

time to read

3 mins

September 22, 2025

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