Metal process

Saudi Arabia’s Maaden and GlassPoint Sign Memorandum of Understanding to Develop World’s Largest Solar Steam Power Plant

Riyadh: Saudi Arabian Mining Company (MA’ADEN and GlassPoint have entered into a Memorandum of Understanding to develop the world’s largest solar thermal power plant at the MA’ADEN Alumina Refinery.

Once complete, the 1,500 MW solar steam power plant will help MA’ADEN achieve its sustainability goals by reducing carbon emissions by more than 600,000 tonnes per year.

This represents more than 50% reduction in the carbon footprint of MA’ADEN’s alumina refinery and 4% of MA’ADEN’s overall carbon footprint.

The MOU was signed at MA’ADEN’s headquarters in Riyadh, Saudi Arabia by MA’ADEN’s senior vice president of aluminum business, Riyad Al Nassar, and GlassPoint CEO and founder Rod MacGregor , in the presence of Robert Wilt, CEO of MA’ADEN and Jacob Drejer. , CCO of GlassPoint,

Robert Wilt, CEO of MA’ADEN said: “As the third pillar of the Saudi economy, we aspire to be a model for ESG in the Kingdom. This significant development will significantly reduce our carbon footprint and bring us closer to our mandate of carbon neutrality by 2050. As the world moves towards green aluminum, MA’ADEN intends to help lead the way in this transition. .

For his part, Riyadh Al Nassar said: “The proposed new facility, a solar thermal power plant known as MA’ADEN Solar 1, will be located in Ras al Khair, Kingdom of Saudi Arabia, and will harness the power of the sun to produce steam. The steam will be used to refine bauxite ore into alumina. Alumina is an essential raw material for aluminum, which is one of the world’s most crucial metals for many global industries as they look to an environmentally and sustainability-driven future.

“MA’ADEN is paving the way for the large-scale reduction of industrial carbon emissions by replacing fossil fuels with solar energy to create heat. This facility, when built, will be the largest industrial solar steam plant in the world and the first deployed in both Saudi Arabia and the aluminum supply chain,” said Rod MacGregor, CEO and Founder of GlassPoint. “With this MoU, GlassPoint is entering a new phase of growth to help decarbonize a range of industries seeking to reduce their carbon footprint.”

Under this agreement, MA’ADEN and GlassPoint will work together to develop a more sustainable way to produce aluminum, which is a crucial metal for many global industries and the energy transition. This MOU also represents GlassPoint’s re-emergence as a leader in solar process heat.