Emal plans to start USD 5.7 billion project next month

Emal plans to start USD 5.7 billion project next month
Emirates Aluminium (Emal), the largest single aluminium smelter in the World, has decided to commence production in December. Emal is a 50-50 joint venture formed between Dubal and Mubadala Development Company, Abu Dhabi-based investment vehicle.

In a declaration, the company said that it will sell its product in Chinese and European markets. The project will involve constructing an aluminium-based cluster around this plant.

The project, which will entail an investment of USD 5.7 billion (Dh20.91billion), is situated at Al Taweelah in Abu Dhabi, and will be equipped with production capacity of 700,000 metric tonnes of aluminum annually from the first stage, likely to be reached by December 2010.

The second stage will enhance capacity to 1.4 million tonnes of aluminium per annum and is likely to be finalized in 2013-2014.