The Chief Executive Officer of Dubal Holding, Ahmad Hamad Bin Fahad and Denis Mazerolle, the President of Nature Alu, Canada based high purity aluminium producer have inked a Memorandum of Understanding (MoU) to materialise the first high purity aluminium facility in UAE. The primary focus of this project will be on producing aluminium of grade 4N and higher.
Dubal Holding is the investment arm of the Government of Dubai while Nature Alu (NA) is the only North-American producer of high-purity aluminium.
Bonded by MoU, both the companies now wish to lay out a framework for the feasibility study stressing the technical, commercial, operational and regulatory details.
They will also merge into a joint venture to further acknowledge the project’s future investments and implementations. Both the parties will lend help if the other party is in dire need of it, maybe for decision making or monetary purposes.
This evolution might offer an incredible amount of positivity to the industrial sector by offering unlimited uses of aluminium in electrolytic capacitors, lithium-ion batteries and semi-conductors along with other utility products.
Nature Alu President, Denis Mazerolle remarked: “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 favourable operating environment in Dubai are strong winning conditions for our business plan. I want to thank all our partners, shareholders, and employees who have supported our company since its foundation in 2016,” Mazerolle concluded.
To honour their joint venture, Dubal Holding and NA will mutually organise the feasibility study to aid project evaluation and decision-making methodologies.
Dubal Holding CEO, Bin Fahad notified: “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 Dubai 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. 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,” he explained.
Adhering to the notion put down in the agreement, Dubal Holding will cooperate with local stakeholders, government officials and other local bodies to unlock essential local and regional data relevant to the feasibility study. The data logs consisting of operational expenses depict the amount of local manpower, energy and asset maintenance required which gives the company a precise image of the entire mode of action.
Nature Alu in contrast will share its knowledge to reach the technical feasibility, project engineering and technological requirements. It will also estimate the operational expenses with special reference to purification technology, bolstering commodity markets or retail.
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