Maaden Aluminium Company (MAC), an affiliate of the Saudi Arabian Mining Company (Ma’aden), has announced that it has signed a contract with Saudi Calcined Petroleum Coke Company (SCPC) for the supply of calcined petroleum coke for use at its aluminium smelter facility in Ras Al Khair. 

 

The agreement marks a significant step forward for Ma’aden’s Local Content programme, which is driving to increase the value of goods and services in the mining industry supply chain that are produced in KSA.

 

It is also a key contribution to KSA’s Vision 2030 objectives of diversifying sources of income and supporting the development of local content. 

 

The contract signing took place between Engineer Ali Al Qahtani, President of Ma’aden Aluminium Company and Engineer Mohammad Albibi, Board member and Managing Director of the SCPC.

 

Under the 5-year contract, which has an overall value of $40 million per annum, MAC will receive an annual supply of 100,000 mt of calcined petroleum coke from the start of commercial production at the SCPC facility, in line with Ma’aden’s vision of localizing its CPC requirement to reach 320,000 mt per year. 

 

On the deal, Ma’aden CEO Abdulaziz Al Harbi, said: “This contract demonstrates the priority Ma’aden places on its commitment to developing the local mining sector in line with the Vision 2030 goal of diversifying the national economy and building new capabilities."

 

"It also consolidates our position as a leading company in the mining industry sector and supports the localization of the sector’s supply chain," he noted.

 

MAC Senior Vice President Engineer Riyadh Al Nassar said the contract represents a key milestone for Ma’aden: "Petroleum Coke is one of our largest and most critical raw materials and fundamental to our aluminium smelting activities. Working with SCPC, we will be able to manufacture this product in the Kingdom, where historically we were required to source it from overseas."

 

"This will lead to the creation of more jobs and contribute to the prosperity of the local economy, as well as develop new national industrial capability and capacity," he noted.

 

SCPC Deputy Chairman Engineer Talal bin Hamad Al Wabel said: "This agreement is a real breakthrough for the project’s implementation and represents Ma’aden’s support towards increasing the local content of the aluminum industry, and we appreciate Ma’aden for their keenness to activate this important agreement in our project implementation process."

 

The agreement is the most crucial element for implementing the project on the ground, added Albibi.-TradeArabia News Service