Dubal Holding is planning to set up several projects in the UAE, including a low-carbon aluminium rolling facility and a battery storage plant for an electrical vehicle facility, said Abdulnasser Bin Kalban, CEO of the company.
Also on the projects under study include an integrated scrap recycling facility and a facility for the production of cast aluminium wheels, he added.
Bin Kalban said the projects "will support infrastructure and investment strategy for a potential future assembly line for an electrical vehicle facility to support the UAE Green Economy."
He was speaking at the Annual General Meeting of Dubal Holding LLC (DH), the investment arm for the Government of Dubai for power and energy, commodities, mining and industrial projects, reported Emirates news agency Wam.
Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, who chaired the meeting, praised Dubal Holding's good operational performance during the year 2019 as well as its 50 per cent subsidiary – Emirates Global Aluminium (EGA) despite huge challenging market conditions and the drop in aluminium price on the global stock exchange.
Sheikh Hamdan was briefed on the performance of EGA’s Al Taweelah Alumina Refinery in Abu Dhabi that commenced production in April 2019 and recorded a total production of 1.1 million tonnes of alumina during the year while its Bauxite mining project at Republic of Guinea (Guinea Alumina Corporation) commenced production in August and mined a total of 1.7 million tonnes of bauxite during the year.
He was also briefed on the status of various ongoing projects at DH, including the implementation of the 625MW CCGT Power Block and 9 MIGD RO desalination project at EGA – Jebel Ali being undertaken along with Mubadala is progressing well. On the aluminium downstream front, efforts are progressing on expanding operational specialized aluminium extrusion in the UAE.
The implementation of Dubai Municipality’s Waste-to-Energy Project at Warsan, Dubai – which is the largest Waste-to-Energy plant in the world - to treat 1.82 million tonnes of solid waste per year being undertaken along with other partners, is also on track.
Saeed Mohammed Al Tayer, vice chairman of DH said: "With 2.6 million tonnes of cast metal sales during the year, EGA remains the third-largest producer of primary aluminium in the world outside China.”
"EGA enjoys a global position in selling value-added products or ‘premium aluminium’ with 87.40 per cent of total sales to more than 400 customers from 50 countries. The company continues its endeavour to remain the world’s largest ‘premium aluminium’ producer by volume.
“DH has also signed a Framework Agreement with EDF of France for possible collaboration in energy projects with special focus on UAE; as well as looking at a number of projects to support UAE localization strategy and add value to the national economy,” Al Tayer added.