UAE to build USD 3 billion alumina refinery by end 2017
Time:Fri, 26 Sep 2014 04:44:15 +0800
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State owned Emirates Global Aluminium plans to spend USD 3 billion to build an alumina refinery in Abu Dhabi.
Mr Abdulla Kalban CEO of Emirates Global Aluminium said that “Feasibility studies have been completed and the refinery will be operational by the end of 2017. Alumina, extracted from bauxite in the refining process, is used to produce primary aluminium.”
Mr Kalban said that "We are building the refinery to secure our own important materials. The refinery would ultimately produce 4 million tonnes annually.”
Emirates Global Aluminium, the world's fifth largest aluminium company with an enterprise value of about USD 15 billion, was formed by the merger last year of Abu Dhabi's Emirates Aluminium and Dubai Aluminium.
