An Abu Dhabi project to build the world's biggest aluminium smelter is steaming ahead despite the global economic slowdown and financial crisis that are jeopardising other major industrial projects in the Gulf.
Emirates Aluminium (EMAL), the company developing the US$5.6 billion (Dh20.6bn) project at the Khalifa Industrial Zone, said yesterday it received delivery of heavy equipment crucial to building a dedicated 2,000 megawatt power plant to provide electricity for the energy-intensive smelting process.
The delivery of two 75-tonne combustion turbine exhaust gas diverters to a specially built dock at the Abu Dhabi port of Taweelah was an important milestone in ensuring that the project stayed on track, the company said.
"This first successful delivery of equipment to the construction dock in Al Taweelah gives us confidence that all future deliveries to the EMAL smelter will be well supported," said Duncan Hedditch, the company's chief executive.
Earlier this month, he told a conference in the capital that the first phase of the project was on schedule to produce 700,000 tonnes of hot metal annually by 2010. EMAL is undertaking a pre-feasibility study for phase two, which would expand the facility's output capacity to 1.4 million tonnes per year.
As a flagship industrial initiative aimed at diversifying Abu Dhabi's economy away from oil, the aluminium project is of vital importance to the emirate's future export revenues in an era of unpredictable oil prices. It is the only one of two large aluminium projects originally proposed for Abu Dhabi to have survived.
In July, the international mining and metals company Rio Tinto said a smelter project planned for Ruwais was "dead", after the development was denied access to cheap gas supplies for power generation. Rio Tinto had been planning to build the $5bn smelter with Abu Dhabi Basic Industries.
In May, Mr Hedditch predicted that the EMAL smelter would generate roughly Dh9bn per year of export revenues for the UAE, and would signify "a shift to the Middle East as a hub for world aluminium production".
EMAL, a joint venture between government-owned Mubadala Development and Dubai Aluminium, in July selected General Electric to supply $500 million of power generation equipment for the project.
tcarlisle@thenational.ae
Company%20Profile
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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COMPANY%20PROFILE
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
GCC-UK%20Growth
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The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
The BIO:
He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal
He ascended Mount Everest the next year from the more treacherous north Tibetan side
By 2015, he had completed the Explorers Grand Slam
Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border
He carries dried camel meat, dried dates and a wheat mixture for the final summit push
His new goal is to climb 14 peaks that are more than 8,000 metres above sea level
ASHES SCHEDULE
First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)
KYLIAN MBAPPE 2016/17 STATS
Ligue 1: Appearances - 29, Goals - 15, Assists - 8
UCL: Appearances - 9, Goals - 6
French Cup: Appearances - 3, Goals - 3
France U19: Appearances - 5, Goals - 5, Assists - 1
UAE currency: the story behind the money in your pockets
The%20specs
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Company%20profile
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SCHEDULE FOR SHOW COURTS
Centre Court - from 4pm (UAE time)
Angelique Kerber (1) v Irina Falconi
Martin Klizan v Novak Djokovic (2)
Alexandr Dolgopolov v Roger Federer (3)
Court One - from 4pm
Milos Raonic (6) v Jan-Lennard Struff
Karolina Pliskova (3) v Evgeniya Rodina
Dominic Thiem (8) v Vasek Pospisil
Court Two - from 2.30pm
Juan Martin Del Potro (29) v Thanasi Kokkinakis
Agnieszka Radwanska (9) v Jelena Jankovic
Jeremy Chardy v Tomas Berdych (11)
Ons Jabeur v Svetlana Kuznetsova (7)
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group