Masdar and EGA form alliance for decarbonisation project

Masdar is a clean energy company in the UAE. It develops and operates utility-scale renewable energy projects around the world. Masdar and EGA will explore the joint development of renewable energy projects, with potential battery storage and green hydrogen production and storage, to support the decarbonisation of EGA’s existing operations in the UAE, and any future operations in the country.

The two companies will also work together to find opportunities through which Masdar will support EGA to power new aluminium production facilities with renewable energy sources.

Mohamed Al Ramahi, CEO of Masdar, said: “Strong partnerships such as this are exactly what the world needs to accelerate our path to Net Zero. When organisations combine their knowledge and resources to help decarbonise vital industries, we not only protect the environment but we also boost the economy.”

Abdulnasser Bin Kalban, CEO of Emirates Global Aluminium, said: “Aluminium plays an essential role in decarbonisation economy-wide, which is why demand for this metal has the potential to grow by as much as 80 per cent by 2050. Fulfilling this potential depends on how sustainably aluminium is made. EGA’s alliance with Masdar should unlock opportunities to decarbonise our existing operations including further expanding our production of CelestiAL solar aluminium, and secure low-carbon growth.”