Middle East & Africa February 4, 2021 Anand Gupta 0 BMW to Use World’s First Solar-Made Aluminum 0 0 0 00 0 0 more now viewing BMW to Use World’s First Solar-Made Aluminum February 4, 2021 Anand Gupta now playing Citigroup expects India to attract $100 billion in foreign Investments - EQ February 4, 2021 Anand Gupta now playing Growing Appeal Of Offshore Bonds Offers Hope For India’s Green Energy Push - EQ February 4, 2021 Anand Gupta now playing Budget 2024 expectations: Power sector decarbonisation hinges on renewables - EQ February 4, 2021 Anand Gupta now playing ENGIE eyes monetization of Indian renewable energy portfolio - EQ February 4, 2021 Anand Gupta now playing Sungrow Forges 850 MW Inverter Supply Contract with Hero Future Energies in India - EQ February 4, 2021 Anand Gupta now playing ADB approves $240.5 million loan for rooftop solar systems in India - EQ February 4, 2021 Anand Gupta now playing India's renewable energy revolution: A multi-trillion-dollar economic transformation ahead - EQ February 4, 2021 Anand Gupta now playing Sterling and Wilson Renewable Energy reports Rs 4.8 cr profit in Q1 - EQ February 4, 2021 Anand Gupta now playing Tata Power Renewable Energy Limited and NHPC Renewable Energy Limited Ink MoU for Ambitious Solar Initiative for Government Buildings - EQ February 4, 2021 Anand Gupta now playing Rejoinder to Financial Express Article on Transmission Projects - EQ February 4, 2021 Anand Gupta UAE’s Emirates Global Aluminium in deal with German carmaker BMW to use solar-made aluminum in parts for electric cars BMW AG and Emirates Global Aluminium PJSC have struck a deal for the first aluminum produced using solar power, a milestone for both their energy-intensive industries. The Middle East’s biggest aluminum maker will supply 43,000 metric tons per year of solar aluminum to the German carmaker in a deal worth at least 100 million euros ($121 million), the two companies said in statements on Tuesday. EGA, based in the United Arab Emirates, is the world’s first firm to make aluminum commercially with solar electricity, according to the statements. It will use power generated at the Mohammed Bin Rashid Al Maktoum Solar Park, located in a desert near Dubai. The aluminum will provide almost half of the needs of BMW’s Landshut plant northeast of Munich. Landshut will play an important role in BMW’s plan to take on Tesla Inc., with the facility supplying components for electric vehicles such as the future iX and i4 models. The market for low-carbon aluminum is fast gaining traction, with firms including Apple Inc. partnering directly with suppliers as they try to reduce emissions. Electricity generation accounts for around 60% of the aluminum industry’s greenhouse gas emissions. Most smelters still use coal. “Solar aluminum is a step forward –- using a natural and abundant source of energy in our desert environment to make a metal that is vital to our planet’s future,” EGA’s Chief Executive Officer Abdulnasser Bin Kalban said. BMW said the deal is a step toward lowering CO2 emissions in its supply network by 20% by 2030. By using solar aluminum, BMW will reduce its carbon emissions by 222,000 metric tons annually, EGA said. The reductions represent about 23% of BMW’s emissions from its production alone, but just 0.3% of its total emissions when measured on a Scope 3 metric, which includes greenhouse gases produced by people driving cars built by the company. The Al Maktoum Solar Park, operated by Dubai Electricity & Water Authority, has a planned 2030 production capacity of 5,000 megawatts. EGA produces aluminum at a smelting factory close to the Jebel Ali Port in Dubai, one of seven sheikdoms that make up the UAE. The BMW announcement came hours after U.S. President Joe Biden said he would keep tariffs in place on aluminum imports from the UAE, a decision that could impinge on EGA’s business. — With assistance by William Wilkes Source: bloomberg Related posts: BMW is the first in the world to use aluminum produced with solar energy AFRICA: EEP Africa finances Redavia to provide solar energy to enterprises Iran producing 426 MW from solar, half of total renewables output: Report BMW To Source Aluminum Using Solar Power Starting This Year tags: BMW electric cars Solar battery solar energy 0 00 0 0 previous Morocco, Portugal Sign Agreement on Green Hydrogen Cooperation next Is It Time to Invest in Green Energy Stocks? Anand Gupta Editor - EQ Int'l Media Network Related Posts Construction of 5 solar parks underway across Iran -EQ February 17, 2024 Anand Gupta 0 RESEARCHERS UNVEIL SOLAR TECHNOLOGY USING A ‘MIRACLE MATERIAL’ THAT COULD REVOLUTIONIZE THE ENERGY SECTOR: ‘IT’S VERY EXCITING’-EQ February 12, 2024 Anand Gupta 0 Emirates NBD-Egypt Launches Personal Loan for Solar Panel Purchases – EQ February 10, 2024 Anand Gupta 0