Saudi Arabia’s major mining corporation signals an MOU to facilitate the study to create the 1st solar steam job in the kingdom to decarbonize MA’ADEN’s alumina refinery
RIYADH, Saudi Arabia, June 2, 2022 /PRNewswire/ — Saudi Arabian Mining Business (MA’ADEN), Saudi Arabia’s national mining winner and a person of the speediest-increasing mining companies in the earth, and GlassPoint, the leader in industrial solar steam, have entered into a Memorandum of Comprehension to acquire the world’s greatest solar course of action warmth plant at MA’ADEN’s Alumina refinery. When finish, the 1,500 MW solar steam facility will aid MA’ADEN attain sustainability goals by cutting down carbon emissions by above 600,000 tons annually. This represents more than 50% reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4% of MA’ADEN’s in general carbon footprint.
MA’ADEN and GlassPoint indication MOU to build the world’s biggest solar course of action steam plant
The MOU was signed at MA’ADEN HQ in Riyadh, Saudi Arabia by Riyadh Al Nassar, senior vice president of MA’ADEN’s aluminum small business and Rod MacGregor, CEO and founder of GlassPoint, witnessed by Robert Wilt, CEO of MA’ADEN and Jacob Drejer, CCO of GlassPoint,
Robert Wilt, CEO of MA’ADEN stated: “As the 3rd pillar of the Saudi overall economy, we aspire to be a position model in ESG in the Kingdom. This important advancement will considerably lessen our carbon footprint and provide us nearer to our mandate of carbon neutrality by 2050. As the entire world moves toward eco-friendly aluminum, MA’ADEN intends to help direct the way in this changeover.”
Riyadh Al Nassar, SVP Aluminum SBU of MA’ADEN stated: “The proposed new facility, a solar thermal plant known as MA’ADEN Photo voltaic 1, will be positioned in Ras al Khair, Kingdom of Saudi Arabia, and will harness the electrical power of the sunshine to develop steam. The steam will be used to refine bauxite ore into alumina. Alumina is a crucial feedstock to Aluminum, which is a person of the world’s most important metals for lots of world industries heading into a long run that is targeted on natural environment and sustainability.”
“MA’ADEN is primary the way to lessen industrial carbon emissions at scale by changing fossil fuels with solar power to generate warmth. This facility when crafted will be the major industrial photo voltaic steam plant in the planet and the first deployed in each Saudi Arabia and in the aluminum offer chain,” said Rod MacGregor, CEO and founder of GlassPoint. “With this MOU, GlassPoint is coming into a new period of expansion to support decarbonize a array of industries trying to find to decrease their carbon footprint.”
Underneath this arrangement, MA’ADEN and GlassPoint will operate together developing a more sustainable way to develop aluminum, which is a important metal for several international industries and the strength transition. This MOU also represents GlassPoint’s reemergence as a leader in solar course of action heat.
As a international electricity producer, Saudi Arabia is fully commited to advancing the struggle against local weather transform. The Kingdom has unveiled the Saudi Environmentally friendly Initiative (SGI) to assist the nation turn out to be an intercontinental leader in sustainability. Past 12 months, the SGI unveiled a 1st wave of much more than 60 initiatives, amounting to a SAR 700 billion ($186B US) financial investment to accelerate the inexperienced financial state throughout Saudi Arabia and over and above.
GlassPoint decarbonizes the creation of products essential to the electricity changeover and would make a sizeable affect combating climate adjust. The organization builds, owns and operates massive-scale solar steam services to reduce carbon emissions in really hard-to-abate industries these kinds of as mining and metals, substances, design materials, desalination and extra. GlassPoint is the only solution confirmed at scale to lower carbon emissions from industrial course of action heat and has built more than 50 % of the solar steam potential in the earth. Learn far more at glasspoint.com.
MA’ADEN operates the premier and most successful vertically built-in aluminum complicated in the environment in Ras Al Khair on Saudi Arabia’s east coastline. MA’ADEN’s mine-to-current market aluminum business contains the Al Ba’itha mine and fully built-in refinery, smelter, rolling and export facilities in Ras Al Khair. MA’ADEN supplies high-excellent billets, ingots, slabs and flat-rolled aluminum products and solutions to buyers across the world, like multinational automakers and customer brands.
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