Latest news with #CelestiAL-R
Hi Dubai
6 days ago
- Automotive
- Hi Dubai
Emirates Global Aluminium Expands Solar Aluminium Supply to Hyundai Mobis
Emirates Global Aluminium (EGA) has signed a new agreement to significantly increase its supply of CelestiAL solar aluminium to Hyundai Mobis, strengthening a long-standing partnership with the global automotive parts manufacturer. Under the expanded deal, EGA will boost its annual supply of CelestiAL from 8,000 tonnes in 2024 to as much as 15,000 tonnes by 2026. The companies also plan to explore a long-term supply agreement beyond 2026, with a focus on value-added products such as billets, primary foundry alloys, and recycled aluminium. EGA and Hyundai Mobis will collaborate on developing advanced alloys tailored for automotive use, aligning with the industry's shift toward lightweight, low-emission vehicles. Aluminium is widely used in vehicle manufacturing for its strength, durability, and corrosion resistance. 'This agreement deepens our relationship with Hyundai Mobis and highlights the increasing demand for sustainably produced aluminium,' said Abdulnasser Bin Kalban, CEO of EGA. 'We remain committed to innovation and sustainability in our operations.' Hyundai Mobis expressed confidence in the partnership's potential to support its green supply chain goals. 'We will proactively respond to global environmental regulations through low-carbon aluminium sourcing,' said Sun Woo Lee, Senior Vice President and Head of Procurement at Hyundai Mobis. CelestiAL, produced using solar power, reflects EGA's commitment to decarbonising the aluminium industry. The company reported a 27% year-on-year increase in CelestiAL output in 2024, reaching 80,000 tonnes—including 8,000 tonnes of CelestiAL-R, which incorporates recycled content. EGA is among the world's largest suppliers of automotive foundry alloys and is certified to the global quality standard used across the automotive sector. News Source: Emirates News Agency
Gulf Today
30-05-2025
- Automotive
- Gulf Today
EGA signs deal to increase its solar aluminium supply to Hyundai Mobis
Emirates Global Aluminium (EGA) today announced an agreement to increase its CelestiAL solar aluminium supply to Hyundai Mobis, the global automotive parts maker. The agreement is an extension of an existing supply agreement with Hyundai Mobis. EGA began supplying aluminium to Hyundai Mobis in 2015. Under the new agreement, the volume of CelestiAL supplied to Hyundai Mobis will increase from eight thousand this year to up to 15 thousand tonnes per year by 2026. EGA and Mobis will explore a long-term agreement beyond 2026 to supply value-added products, including billets, primary foundry alloys and recycled aluminium. EGA and Hyundai Mobis will also collaborate to innovate exclusive new alloys for automotive applications. Aluminium is a key metal for the automotive industry due to its lightweight, strength, and corrosion resistance properties. EGA is one of the largest suppliers of foundry alloys to the automotive industry worldwide. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said, 'At EGA, we remain committed to innovation in delivering the highest quality, low-carbon aluminium to our customers. We value our successful partnership with Hyundai Mobis and look forward to building on this collaboration in the years ahead. We appreciate their continued trust in EGA and our world-first CelestiAL solar aluminium.' Sun Woo Lee, Senior Vice President, Head of Procurement of Hyundai Mobis, said, 'With a partnership with EGA, we will proactively respond to global environmental regulations by establishing a green supply chain using low carbon aluminium.' In 2024, production of CelestiAL solar aluminium grew by 27 per cent to 80 thousand tonnes, including eight thousand tonnes of CelestiAL-R further sweetened with recycled content. EGA is certified to the global standard established by the automotive industry which aims to ensure even more rigorous quality management in the global automotive supply chain. Earlier last week Adnoc and Emirates Global Aluminium (EGA) announced 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. 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. The signing of the agreement was witnessed by Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO, and Abdulla Kalban, Managing Director of EGA. It was signed by Khaled Salmeen, Adnoc Downstream CEO, and Abdulnasser Bin Kalban, CEO of EGA. Salmeen said, 'This strategic agreement with EGA exemplifies Adnoc's commitment to driving the 'Make it in the Emirates' initiative and the UAE's industrial base. By supplying this critical raw material for aluminium production from our Ruwais Refinery, we are strengthening domestic supply chains, reducing reliance on imports and enabling growth in one of the nation's most vital industrial sectors. 'Through our ICV Programme, we will continue to create more opportunities to enhance local manufacturing and industrial growth.' As the world's largest 'premium aluminum' producer, EGA continues to lead the UAE's industrial diversification, with its products comprising the UAE's largest made-in-the-UAE export after energy. The agreement between Adnoc and EGA will play a critical role in driving continued economic growth and ensuring the further development of the aluminium sector in the UAE. Bin Kalban stated, 'EGA has been a pioneer of industrialisation and economic diversification for decades, and today we are a champion of 'Make it in the Emirates' through our local procurement, metal supply to UAE industry and our record Emiratisation. This agreement with Adnoc enables us to secure a significant proportion of a key raw material locally, further increasing our economic impact in the UAE.' The 1.5 million tonnes of calcined petcoke will enable EGA to produce around 3.75 million mt of aluminium over the five-year term of the agreement - approximately equal to the annual consumption of Germany. In 2024, EGA's direct, indirect and induced economic contributions to the local economy reached $6.4 billion (Dhs23.49 billion), accounting for 1.3 per cent of the UAE's GDP and supporting more than 52,000 jobs.
Mid East Info
30-05-2025
- Automotive
- Mid East Info
EGA supplies CelestiAL solar aluminium to global automotive parts maker Hyundai Mobis - Middle East Business News and Information
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates and the world's biggest 'premium aluminium' producer, today announced an agreement to increase its CelestiAL solar aluminium supply to Hyundai Mobis, the global automotive parts maker. CelestiAL solar aluminium is the world's first aluminium made commercially with solar power, significantly reducing greenhouse gas emissions. The agreement is an extension of an existing supply agreement with Hyundai Mobis. EGA began supplying aluminium to Hyundai Mobis in 2015. EGA supplies Hyundai Mobis with 66 thousand tonnes of metal in total each year. Under the new agreement, the volume of CelestiAL supplied to Hyundai Mobis will increase from eight thousand this year to up to 15 thousand tonnes per year by 2026. EGA and Mobis will explore a long-term agreement beyond 2026 to supply value-added products, including billets, primary foundry alloys and recycled aluminium. EGA and Hyundai Mobis will also collaborate to innovate exclusive new alloys for automotive applications. Aluminium is a key metal for the automotive industry due to its lightweight, strength, and corrosion resistance properties. EGA is one of the largest suppliers of foundry alloys to the automotive industry worldwide. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium , said: 'At EGA, we remain committed to innovation in delivering the highest quality, low-carbon aluminium to our customers. We value our successful partnership with Hyundai Mobis and look forward to building on this collaboration in the years ahead. We appreciate their continued trust in EGA and our world-first CelestiAL solar aluminium.' Sun Woo Lee, Senior Vice President, Head of Procurement of Hyundai Mobis , said 'With a partnership with EGA, we will proactively respond to global environmental regulations by establishing a green supply chain using low carbon aluminium.' In 2024, production of CelestiAL solar aluminium grew by 27 per cent to 80 thousand tonnes, including eight thousand tonnes of CelestiAL-R further sweetened with recycled content. EGA is certified to the global standard established by the automotive industry which aims to ensure even more rigorous quality management in the global automotive supply chain. experts.
Mid East Info
13-05-2025
- Business
- Mid East Info
EGA reaches 50 per cent construction milestone on UAE's largest aluminium recycling plant - Middle East Business News and Information
Abu Dhabi, United Arab Emirates, May 2025: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced that construction of the UAE's largest aluminium recycling plant has reached 50 per cent completion, 42 days ahead of schedule. The 170 thousand tonnes per year facility is being built next to EGA's existing smelter in Al Taweelah. So far, more than 1.2 million hours of work have been completed on the project, with zero Lost Time Incidents. The largest furnace in the UAE, with a melt rate of 17 tonnes per hour, is on track to be fully installed in June. The new plant will process post-consumer aluminium scrap, and pre-consumer aluminium scrap, into low-carbon, high-quality 'premium aluminium' billets which will be marketed by EGA under the product name RevivAL. Most aluminium scrap generated in the UAE is currently exported for processing outside the country and is lost to the national economy. When the recycling facility is complete, EGA expects to become the largest consumer of aluminium scrap in the UAE. First hot metal is expected from EGA's new recycling plant in Al Taweelah in the first half of 2026. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium , said: 'Recycling is a key global growth opportunity for our industry and for EGA. We have made decisive steps in developing a global recycling business and here in the UAE with the construction of the recycling plant. The facility will enable us to expand our low-carbon metal portfolio for our local and global customers, and is a new milestone for Make it In the Emirates.' Global demand for recycled aluminium is expected to double by 2040. During 2024, EGA made material progress in the development of a global aluminium recycling business with the acquisitions of Leichtmetall, a European specialty foundry, and Spectro Alloys, a leading secondary foundry alloy producer in the United States. EGA was the first company to produce aluminium commercially using solar power, which is marketed under the product name CelestiAL. In 2023, EGA expanded its low carbon metal portfolio, combining solar and recycled aluminium to achieve even lower carbon intensity. This product is called CelestiAL-R. BMW Group is the first customer for this metal. leaders.
