MA'ADEN, GlassPoint sign pact to create world's biggest solarized steam plant
- The upcoming solar thermal plant called 'Solar 1' will be located in Ras al Khairto harness the power of the sun to produce steam that will better be used to improve bauxite ore into alumina.
- The 1,500 MW solar steam facility will help MA'ADEN attain sustainability objectives by decreasing carbon discharges by over 600,000 tons annually.
Saudi Arabian Mining Company or MA'ADEN which is the country's nationwide mining champ has signed a MoU with the US based GlassPoint to establish the world's biggest solar procedure heat plant at MA'ADEN Alumina refinery. GlassPoint claims to be a leader in industrial solar steam.
The official declaration of the companies holds that when full, the 1,500 MW solar steam facility will certainly assist MA'ADEN accomplish sustainability objectives by minimizing carbon emissions by over 600,000 tons annually. This represents more than 50% reduction of carbon impact in MA'ADEN Alumina refinery and also 4% of total carbon impact of MA'ADEN.
The pact was checked in Riyadh by Riyadh Al Nassar, senior vice president of MA'ADEN aluminum company and also Rod MacGregor, chief executive officer and also creator of GlassPoint.
MA'ADEN CEO Robert Wilts claimed, "As the 3rd column of the Saudi economic climate, we aspire to be a good example in ESG in the Kingdom. This considerable development will dramatically lower our carbon impact as well as bring us closer to our mandate of carbon neutrality by 2050. As the world moves in the direction of green aluminum, MA'ADEN intends to help blaze a trail in this shift."
Riyadh Al Nassar stated, "The recommended new facility, a solar thermal plant known as MA'ADEN Solar 1, will be found in Ras al Khair, Kingdom of Saudi Arabia, as well as will certainly harness the power of the sun to create steam. The steam will be utilized to refine bauxite ore into alumina. Alumina is an important feedstock to Aluminum, which is just one of the world's most crucial steels for several worldwide markets entering into a future that is concentrated on atmosphere and sustainability."
Rod MacGregor, chief executive officer as well as creator of GlassPoint, discussed, "This facility when built will be the largest industrial solar steam plant on the planet and the first released in both Saudi Arabia as well as in the aluminum supply chain. With this MOU, GlassPoint is going into a brand-new stage of growth to help decarbonize a series of industries seeking to lower their carbon impact."
The pact of MA'ADEN as well as GlassPoint remains in line with the Saudi Green Initiative (SGI) that advancements the battle of the country versus climate adjustment and help Saudi Arabia to end up being an international leader in sustainability. In 2021, the SGI unveiled a first wave of more than 60 initiatives, amounting to a $186 billion investment to accelerate the green economic climate in Saudi Arabia as well as past.