Dubai Government’s investment arm DUBAL Holding LLC has collaborated with Nature Alu Inc to set up the UAE’s first High Purity Aluminum facility. As part of their partnership, DUBAL Holding and NA will carry out a feasibility study to support project evaluation and decision-making processes. The project will focus on the production of aluminum from grade 4N and above.Under the terms of the agreement, DUBAL Holding will liaise with local stakeholders, government officials, and other local counterparties to gain access to relevant local and regional data relevant to the feasibility study. The data includes insights into operational expenses related to the local manpower, energy, asset maintenance, and many more. With the MoU, both parties agreed to formulate the scope of work for the feasibility study, with emphasis on the technical, commercial, operational, and regulatory details. They will also embark on a joint venture and further define the project to help each party make a definitive decision regarding future investments and implementations.Nature Alu, on the other hand, will lend its expertise to meet the technical feasibility and project engineering and technology requirements, evaluate the operational expense concerning purification technology, and provide support to commodity marketing.This development is expected to provide a major boost to the industrial sector by focusing on varied applications of aluminum in electrolytic capacitors, lithium-ion batteries, and semiconductors, among other products.
Dubai Government’s investment arm DUBAL Holding LLC has collaborated with Nature Alu Inc to set up the UAE’s first High Purity Aluminum facility. As part of their partnership, DUBAL Holding and NA will carry out a feasibility study to support project evaluation and decision-making processes. The project will focus on the production of aluminum from grade 4N and above.Under the terms of the agreement, DUBAL Holding will liaise with local stakeholders, government officials, and other local counterparties to gain access to relevant local and regional data relevant to the feasibility study. The data includes insights into operational expenses related to the local manpower, energy, asset maintenance, and many more. With the MoU, both parties agreed to formulate the scope of work for the feasibility study, with emphasis on the technical, commercial, operational, and regulatory details. They will also embark on a joint venture and further define the project to help each party make a definitive decision regarding future investments and implementations.Nature Alu, on the other hand, will lend its expertise to meet the technical feasibility and project engineering and technology requirements, evaluate the operational expense concerning purification technology, and provide support to commodity marketing.This development is expected to provide a major boost to the industrial sector by focusing on varied applications of aluminum in electrolytic capacitors, lithium-ion batteries, and semiconductors, among other products.
