Don't miss any update with Africazine.

― Advertisement ―

HomeNewsDubai Government Inks Deal With Nature Alu For High-Purity Aluminium Plant

Dubai Government Inks Deal With Nature Alu For High-Purity Aluminium Plant

Dubai Government Inks Deal With Nature Alu For High-Purity Aluminium Plant

The government of Dubai and North American high-purity aluminium producer Nature Alu (NA) have agreed to establish the United Arab Emirates’ first and only high-purity aluminium plant.

Dubai’s government, acting under the auspices of Dubal Holding, signed the agreement last week to cooperate with NA on the project, which intends to produce aluminium with a purity of 4N and greater.

The parties also agreed to establish the scope of work for a feasibility study of the plan, focusing upon technical, commercial, operational, and regulatory details. The joint venture to be established will aid the parties in determining what sorts of investments and implementations should be carried out going forward.

Ahmad Hamad Bin Fahad, CEO of Dubal Holding, noted the advantages of the partnership.

“This project is an opportunity to advance niche industries such as capacitor foils, lithium-ion batteries, semiconductors, and many more. It will significantly contribute to the growth of the regional industry. The signing of this MoU is a crucial step in line with the Dubal Holding’s strategy to identify the growing sectors in Dubai and empower them to expand their industrial footprint in the region.”

“Such initiatives will further contribute to the development of the aluminium value chain,” he continued. “Dubal Holding is proud to facilitate this landmark project and collaborate with industry expert NA, the only HPA producer and supplier in America, to ensure the highest standards and the best and most sustainable performance.”

NA president Denis Mazerolle noted the importance of the partnership with Dubal Holding.

“This MoU is a milestone for our team. We take great pride in our extensive experience in the aluminium processing industry, and we will leverage our technical, financial, and commercial knowledge and skills to help serve the UAE’s sustainable growth ambitions. We look forward to the benefits that this special project will bring to our respective countries.”

“The access to a stable and reliable feedstock, the geographical proximity to major consumer markets for HPA, and a favorable operating environment in Dubai are strong winning conditions for our business plan,” said Mazerolle. “I want to thank all our partners, shareholders, and employees who have supported our company since its foundation in 2016.”