EGA signs technology agreement with Indonesia’s state aluminium company – The National
- Date: 16-Nov-2022
- Source: The National
- Sector:Technology
- Country:UAE
EGA signs technology agreement with Indonesia’s state aluminium company – The National
Emirates Global Aluminium, the UAE’s largest industrial company outside the oil and gas sector, has signed an agreement to licence its technology to Indonesia’s state aluminium company for a smelter expansion project.
The agreement also gives EGA rights to take a minority stake in PT Indonesia Asahan Aluminium’s (Inalum) Kuala Tanjung smelter and purchase “much” of the produced metal, the company said on Wednesday.
“EGA’s requirement for an investment or metal offtake is that the project uses renewable power,” it said.
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