EGA and Inalum sign agreement on potential use of UAE technology and investment

EGA and Inalum sign agreement on potential use of UAE technology and investment

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, and PT Indonesia Asahan Aluminium (Persero) (INALUM) have signed an agreement granting EGA the exclusive right to licence its UAE-developed technology to INALUM for the Indonesian company’s brownfield aluminium smelter expansion, and giving EGA the right to invest in the project and offtake metal.

The agreement was signed by Abdulnasser Bin Kalban, Chief Executive Officer of EGA, and Hendi Prio Santoso, President Director of INALUM at the G20 Summit in Bali, Indonesia. The signing was witnessed by His Excellency Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, His Excellency Pahala Mansury, Deputy Minister for State-owned Enterprises of Indonesia, and His Excellency Husin Bagis, Ambassador of the Republic of Indonesia to the UAE.

Under the agreement, EGA will have the exclusive right to licence its DX+ Ultra smelting technology to INALUM, the company’s latest industrialised technology, on a commercial basis for the brownfield expansion of the Kuala Tanjung smelter in North Sumatra, should the project prove feasible. EGA has developed its own smelting technology in the UAE for more than 30 years, and was the first UAE industrial company to license its core process