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Adnoc, EGA sign $500 million deal to secure local aluminium input
Gulf Today
|May 21, 2025
Adnoc and Emirates Global Aluminium (EGA) announced on Tuesday a five-year supply agreement for up to 1.5 million tonnes of calcined petroleum coke (petcoke), a key raw material used in aluminium production.
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The agreement, valued at $500 million (Dhs1.84 billion), was signed during the “Make it in the Emirates” event currently taking place in Abu Dhabi, underscoring Adnoc's commitment to supporting the UAE's industrial growth and enhancing local supply chains.
Through the agreement, Adnoc Refining will supply at least 30 per cent of EGA’s calcined petcoke requirements from the Ruwais Refinery over the next five years, strengthening the UAE's role as a global aluminium supplier by reducing its reliance on imports and fostering local industrial capabilities.
The agreement with EGA - the largest industrial company in the UAE outside the energy sector - supports Adnoc’s successful In-Country Value (ICV) Programme by promoting economic diversification in the UAE and supplying critical manufacturing materials to advanced industries.
Dit verhaal komt uit de May 21, 2025-editie van Gulf Today.
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