Egypt Aluminum Company (Egyptalum) has signed a Memorandum of Understanding (MoU) with Aluminium Bahrain (Alba) to evaluate the feasibility of constructing a large-scale alumina refinery in Egypt. The agreement, finalized last week, outlines an estimated investment of $3 billion for the project, which would secure a strategic supply of alumina, the essential raw material for aluminium production.
The proposed refinery aims to enhance Egyptalum’s self-sufficiency and reduce reliance on imported alumina, which currently constitutes a significant cost factor for the company’s smelting operations in Nag Hammadi. Alba, one of the world’s largest aluminium smelters, brings extensive expertise in alumina sourcing and refining, strengthening the project’s industrial viability.
In parallel, Alba has also signed a cooperation agreement with Egypt’s Metallurgical Industries Holding to explore additional opportunities linked to the facility. If advanced, the project would represent one of the largest industrial investments in Egypt’s aluminium sector.
Source: zawya.com with additional information added by Glass Balkan
