ADNOC and Emirates Global Aluminium (EGA) announced today a five-year supply agreement for up to 1.5 million tons of calcined petroleum coke (petcoke), a key raw material used in aluminum production.
The AED1.84 billion ($500 million) agreement was signed during the Make it in the Emirates 2025 forum currently taking place in Abu Dhabi, underscoring ADNOC’s commitment to supporting the UAE’s industrial growth and enhancing local supply chains.
“This strategic agreement with EGA exemplifies ADNOC’s commitment to driving the Make it in the Emirates initiative and the UAE’s industrial base. By supplying this critical raw material for aluminum production from our Ruwais Refinery, we are strengthening domestic supply chains, reducing reliance on imports and enabling growth in one of the nation’s most vital industrial sectors,” stated Khaled Salmeen, ADNOC Downstream CEO.
ADNOC Refining to supply 30 percent of EGA’s calcined petcoke needs
Through the agreement, ADNOC Refining will supply at least 30 percent of EGA’s calcined petcoke requirements from the Ruwais Refinery over the next five years, strengthening the UAE’s role as a global aluminum supplier by reducing its reliance on imports and fostering local industrial capabilities.
The agreement with EGA, the largest industrial company in the UAE outside of the energy sector, supports ADNOC’s successful In-Country Value (ICV) Program by promoting economic diversification in the UAE and supplying critical manufacturing materials to advanced industries.
“Through our ICV Program, we will continue to create more opportunities to enhance local manufacturing and industrial growth,” Salmeen added.
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EGA’s economic contributions hit 1.3 percent of UAE’s GDP
As the world’s largest premium aluminum producer, EGA continues to lead the UAE’s industrial diversification, with its products comprising the UAE’s largest made-in-the-UAE export after energy. The agreement between ADNOC and EGA will play a critical role in driving continued economic growth and ensuring the further development of the aluminum sector in the UAE.
“EGA has been a pioneer of industrialization and economic diversification for decades, and today we are a champion of Make it in the Emirates through our local procurement, metal supply to UAE industry and our record Emiratization,” stated Abdulnasser Bin Kalban, CEO of EGA.
Bin Kalban added that the agreement with ADNOC will enable EGA to secure a significant proportion of a key raw material locally, further increasing its economic impact in the UAE. The 1.5 million tons of calcined petcoke will enable EGA to produce around 3.75 million mt of aluminum over the five-year term of the agreement, approximately equal to the annual consumption of Germany.
In 2024, EGA’s direct, indirect and induced economic contributions to the local economy reached AED23.49 billion, accounting for 1.3 percent of the UAE’s GDP and supporting more than 52,000 jobs.
