Wednesday 19 January 2022

Bahrain's Alba eyes strong 2021 finish

MANAMA, December 1, 2021

Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, is on track to set new benchmarks by finishing 2021 strong following a record performance for the first nine months of the year, said Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Chairman of Alba’s Board of Directors. 
Shaikh Daij was speaking at the in-person Q4 board meeting, where the members approved the 2022 Marketing Plan; 2022 Annual Operating Plan and Offtake agreement with South32 for the supply of Alumina over 10-year period from 2023 to 2032.
Alba board also issued a Limited Notice to Proceed to a consortium of Mitsubishi and Sepco III to be the engineering, procurement and construction (EPC) contractor for the fourth additional block in Power Station 5. The deal is however subject to successful financial closure, it added. 
"As we chart our way towards integrating ESG in every aspect of our business to meet Bahrain’s National Green Initiatives, Power Station 5 – Block 4 will bring us one step closer in our race towards decarbonization in terms of higher efficiency and lower greenhouse gas (GHG) emissions," stated Shaikh Daij.  
Block 4 will add 680.9 MW to Power Station 5’s 1,800 MW and scale up its total capacity to 2,480 MW, he added.
The meeting was attended by Alba board members - comprising six directors appointed by Bahrain Mumtalakat Holding Company - Yousif Abdulla Taqi, Suha Karzoon, Shaikh Isa Bin Khalid Al Khalifa, Tim Murray and Rasha Sabkar; the three directors appointed by Sabic Industrial Investments Company - Ahmed Al Duriaan, Iyad Al Garawi and Omar Al Amoudi and one elected director, Mutlaq Al Morished.
Alba Chairman lauded the management team and everyone in the workforce on the aluminium giant's record-breaking performance despite the Covid situation and logistics’ challenges.
He also discussed the future strategic initiatives and the overall performance in light of market conditions and shared insights in respect to overall sales, VAP sales, safety and ESG, plant performance, financial performance-to-date and Al Hassalah programme.
The board meeting also focused on the construction progress made on the Spent Pot Lining Treatment Plant as well as updates on Alba’s 5-year strategic initiatives.
In addition, it also approved the minutes of the previous board meeting held on September 29 as well as reviewed reports of the various board committees (Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee). 
Starting out in 1971 as a 120,000 mtpa smelter, Alba, today boasts a production capacity of more than 1.548 million metric tonnes per annum (mtpa) as of 2020. It remains committed to fostering greater sustainability across all its operations.-TradeArabia News Service


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