Emirates Global Aluminium PJSC (EGA) announced an agreement with Kobe Steel to supply low-carbon CelestiAL solar aluminium for use in auto body sheet for Japanese automaker Nissan.
The new accord between EGA and Kobe Steel will have EGA ship CelestiAL to one of Kobe Steel’s biggest rolling mills. From there, Kobe Steel will ship the flat-rolled aluminium sheet to Nissan for use in automotive production as doors and hoods.
The current deal is the latest in a long line of agreements between EGA and Kobe Steel. EGA has sent thousands of metric tons of aluminium to Kobe Steel every year for over a quarter of a century.
Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said in a press release that it is eager to commence shipments of CelestiAL to Kobe Steel’s rolling mill.
“EGA was the first company in the world to make aluminium using solar power, and we are proud that our CelestiAL metal will now be used in Nissan vehicles through Kobe Steel, as well as those of other leading global car companies. We look forward to increasing our production of CelestiAL over the years ahead, contributing to the decarbonisation of EGA and of end user industries including auto manufacturing. I thank Kobe Steel for their continuing trust in EGA and our metal.”
EGA says it expects to greatly increase its production of CelestiAL aluminium thanks to an agreement among Abu Dhabi National Energy Company PJSC (TAQA), Dubal Holding, and Emirates Water and Electricity Company (EWEC) to divest its electricity generation assets and draw power from the grid, which continues to consist of an increasing proportion of clean energy.
Based in Abu Dhabi, United Arab Emirates, Emirates Global Aluminium is an aluminium conglomerate created by the merger between Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) in 2013. EGA had an estimated enterprise value of US$15 billion at the time the merger took place. The firm is owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai. Emirates Global Aluminium holds interests in bauxite/alumina and primary aluminium smelting.
