DUBAL Holdings announced a partnership with NatureAlu (NA) to build the UAE's first High Purity Aluminium (HPA) facility. In a statement, DUBAL said the project will focus on producing aluminium in grades 4N and above. This development is expected to provide a major boost to the industrial sector by focusing on various applications of aluminum in products such as electrolytic capacitors, lithium-ion batteries, and semiconductors. Ahmad Hamad Bin Fahad, CEO of DUBAL Holding, and Denis Mazerolle, President of NA, signed the MoU.

Bin Fahad said, "This project is an opportunity to advance niche industries such as capacitor foils, lithium-ion batteries, semiconductors, etc. It will greatly facilitate the development of regional industries. The signing of this MoU is a key step in line with DUBAL Holdings' strategy, which is It aims to identify growth sectors in Dubai and empower them to expand their industrial footprint in the region.” These initiatives will further boost the development of the aluminium value chain. DUBAL Holding is proud to drive this landmark project and work with industry experts NA to ensure the highest standards and the best and most sustainable performance. "As part of the partnership, DUBAL Holding and NA will conduct a feasibility study to support the project evaluation and decision-making process.

Mazerolle said: "This MoU is a milestone for our team. We are very proud of our extensive experience in the aluminium processing industry and we will use our technical, financial and commercial knowledge and skills to help achieve the UAE's Sustainable growth goals. We look forward to the benefits this particular project will bring to our respective countries. Access to stable and reliable feedstocks, proximity to major HPA consumer markets, and a favourable operating environment in Dubai are strong winning conditions for our business plan. I We would like to thank all our partners, shareholders and employees who have supported our company since its inception in 2016."

Under the terms of the agreement, DUBAL Holdings will liaise with local stakeholders, government officials and other local counterparties to obtain local and regional data relevant to the feasibility study. This data includes insights into operating expenses related to local manpower, energy, asset maintenance, and more. On the other hand, NA will use its expertise to meet technical feasibility and project engineering technical requirements, assess operating expenses related to purification technologies, and provide support for merchandising.

Through the Memorandum of Understanding, the parties agreed to develop the terms of reference for the feasibility study, focusing on technical, commercial, operational and regulatory details. They will also work on establishing joint ventures and further identifying projects to help all parties make clear decisions on future investments and implementation.Editor/XingWentao