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Emirates Global Aluminium, one of the largest ‘premium aluminium’ producers in the world, has announced the progression of plans to develop the first new primary aluminium production plant in the US since 1980.
The plant is expected to have a production capacity of 600,000 tonnes of primary aluminium per year, nearly doubling the US’ production of an essential material for modern life and for national security.
Some 85 per cent of the aluminium needs of American industries, from automotive to aviation and construction, are currently met by imports, said the company in a statement.
Construction of EGA’s American primary aluminium plant is expected to begin after a feasibility study and by the end of 2026, with first hot metal by the end of the decade. EGA is expecting to invest around $4 billion to develop the project.
The primary aluminium production plant will be located in Oklahoma, subject to the finalisation of a competitive long-term power supply for the plant and state and local investment incentives and tax credit arrangements.
EGA said it was in advanced negotiations with Public Service Company of Oklahoma and the Oklahoma government.
The Emirati group has already signed an exclusive land option agreement for a site in the industrial park at Tulsa Port of Inola, Oklahoma.
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