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 In the matter of adoption of Transmission Charges with respect to the transmission system being established by Khavda IV-E2 Power Transmission Limited - EQ February 4, 2021 Anand Gupta now playing In the matter of CERC (Procedure, Terms and Conditions for Grant of Transmission License and other related matters) Regulations to Khavda IV-E2 Power Transmission Limited - EQ February 4, 2021 Anand Gupta now playing APEPDCL Unveils Plan to Drive Extensive Solar Power Adoption Across Andhra Pradesh - EQ February 4, 2021 Anand Gupta now playing GRIDCO drives renewable energy awareness at Baliyatra 2024 - EQ February 4, 2021 Anand Gupta now playing SMVDU hosts workshop on ‘Energy Efficiency & Renewable Energy’ - EQ February 4, 2021 Anand Gupta now playing Navratna stock jumps 7% after signing MoU with Govt. of Rajasthan for renewable energy projects - EQ February 4, 2021 Anand Gupta now playing India's Renewable Energy Share Reaches 44% in Power Capacity Mix for Q2 2024 - EQ February 4, 2021 Anand Gupta now playing ACME Cleantech & BASF Partner for Green Ammonia Supply to Europe - EQ February 4, 2021 Anand Gupta now playing Masdar, Silk Road seal $2.8bn MoU - EQ February 4, 2021 Anand Gupta now playing NTPC Green’s $1.2 billion IPO closes fully subscribed, India focuses on renewable energy need - 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