Recently, Emirates Global Aluminium (EGA) joined the First Movers Coalition and is prioritizing the procurement of low-carbon products and services from carbon-emitting industries that incorporate emerging clean technologies.
The First Movers Coalition aims to send a clear market signal to industries that have difficulty reducing carbon emissions by prioritizing the procurement of low-carbon products and services from these industries, including aluminum, aviation, chemicals, concrete, shipping, steel and trucking, in order to drive these industries to accelerate their business competitiveness through new emissions-reducing technologies.
EGA became the first company based in the UAE to join the First Mover Alliance. The Alliance now includes more than 50 major companies from around the world. The Pioneer Alliance is led by the World Economic Forum and the office of U.S. Presidential Climate Envoy John Kerry.
The Pioneer Alliance targets hard-to-reduce industries that account for 30 percent of global emissions of greenhouse gases. The Alliance’s goal is to accelerate the development and diffusion of new technologies needed to decarbonize these sectors through demand-side facilitation.
By joining the Forerunner Alliance, EGA is committing to purchase a percentage of products from hard-to-reduce industries during this decade. ega intends to identify suppliers in hard-to-reduce industries with the ability to innovate and achieve reductions, and to explore specific collaborative projects. In hard-to-reduce industries, EGA is a significant user and consumer of chemicals, shipping and trucking.
Abdulnasser Bin Kalban, CEO of EGA, said: “As a UAE company, we are committed to achieving the National 2050 Net Zero Emissions Strategy initiative. To decarbonize our aluminum industry, we need to achieve net-zero emissions not only in our own operations, but also in our supply chain. Joining the Forerunner Alliance is a strong message to suppliers in industries where it is difficult to reduce emissions that we will allocate and deploy our buying power to encourage decarbonization.”
Bin Kalban added, “Joining the Forerunner Alliance is particularly important to EGA because we are a major global supplier of aluminum, which is itself one of the industries where it is difficult to reduce emissions.
The initiative by other members of the Forerunner Alliance to commit to purchasing low-carbon aluminum will support us in taking action to reduce carbon in our own supply chain.”
Nancy Gillis, head of the World Economic Forum’s Forerunner Alliance, said, “We welcome EGA as the first member of next year’s COP28 host, the United Arab Emirates Forerunner Alliance. We look forward to working with EGA to decarbonize hard-to-reduce industries, including aluminum.”
In 2021, EGA spent approximately $4.5 billion on its supply chain procurement.
In 2021, through a partnership with the Dubai Electricity & Water Authority’s, EGA became the first company in the world to produce aluminum commercially from solar energy. EGA markets this low-carbon aluminum product under the CelestiAL brand.
In early 2022, EGA, together with TAQA, Dubal Holding and EWEC, announced a strategic plan to divest its gas-fired power plants in favor of drawing power from the grid, including increasing the share of clean energy. The plan will unlock further development of Abu Dhabi’s solar power industry, advance power assets and generation optimization, and enable EGA to significantly increase CelestiAL’s low-carbon aluminum production.
EGA and the “K” Line Group signed an agreement to cooperate in the field of decarbonization of bulk cargo transportation, focusing on the development and implementation of new marine decarbonization technologies for EGA’s bulk cargo transportation routes in the Eastern Atlantic, Mediterranean and Indian Oceans. The “K” Line Group is leading the study of decarbonization opportunities and EGA plans to carry out pilot projects on the “K” Line routes.
Post time: Dec-05-2022