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EMAL readies for USD 5 billion expansion and sees demand growth
Edited by : AL CIRCLE
1 min read
Dow Jones reported that Emirates Aluminum is close to approving plans to expand its large scale aluminum smelter in Abu Dhabi at a cost of up to USD 4.5 billion as it prepares for strong global demand growth in the next 4 years.
Mr Saeed Al Mazrooei CEO and president of Emal said that the company is waiting for internal approval to go ahead with Phase II at the smelter which would see capacity double to 1.5 million tonnes of aluminum annually.
Mr Al Mazrooei said that we are expecting some board approvals on some commercial commitments within probably 2 weeks time. We expect to start with phase two in probably three weeks time. We are now finalizing all the commercial obligations and contracts.
Emal, a JV between Abu Dhabi government investment firm Mubadala Development Company and Dubai Aluminum Company started production of the Phase I of its smelter which cost USD 5.7 billion to implement in December 2009 and reached full production capacity of 750,000 tonnes in January this year.
Mr Saeed Al Mazrooei CEO and president of Emal said that the company is waiting for internal approval to go ahead with Phase II at the smelter which would see capacity double to 1.5 million tonnes of aluminum annually.
Mr Al Mazrooei said that we are expecting some board approvals on some commercial commitments within probably 2 weeks time. We expect to start with phase two in probably three weeks time. We are now finalizing all the commercial obligations and contracts.
Emal, a JV between Abu Dhabi government investment firm Mubadala Development Company and Dubai Aluminum Company started production of the Phase I of its smelter which cost USD 5.7 billion to implement in December 2009 and reached full production capacity of 750,000 tonnes in January this year.
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