NEO Aluminio Colombia Assessing EGA Aluminium Technology
Emirates Global Aluminium has signed an agreement with NEO Aluminio Colombia, which could lead to the export of EGA’s UAE-developed state-of-the art technology for the development of the first aluminium production facility in the South American country. The agreement envisages EGA licensing its UAE-developed aluminium smelting technology to NEO Aluminio Colombia, and providing an array of technical services to the Colombian company during the construction and ramp-up of the project. NEO Aluminio Colombia is currently assessing the feasibility of building a low carbon aluminium production facility, the Green Aluminium Transformation Complex for Colombia, in the northwest of the country. The project, powered with hydroelectricity and intended to reach a capacity of 540 thousand tonnes of aluminium per year, would be the heart of a new industrial cluster creating jobs and economic opportunity.
EGA has developed aluminium smelting technology in the UAE for more than 25 years. EGA has used its own technology in every smelter expansion since the 1990s and retrofitted all its older production lines. EGA’s latest technology is amongst the most efficient in the global aluminium industry. In 2016, EGA became the first UAE industrial company to license its core process technology internationally, in a major milestone for the development of a knowledge economy in the UAE. Aluminium Bahrain’s Line 6 expansion project, built with EGA’s DX+ Ultra technology, began production in December 2018.
NEO Aluminio Colombia is part of the NEO Group, which manufactures aluminium vehicle wheels and electrical cables in Argentina, Brazil and Venezuela for sale within and beyond South America.