The Abu Dhabi National Oil Company (ADNOC) and Emirates Global Aluminium (EGA) have entered a landmark five-year agreement worth $500 million (AED1.84 billion) for the supply of calcined petroleum coke (petcoke), a key raw material used in aluminum manufacturing. The agreement, announced during the 鈥淢ake it in the Emirates鈥� forum in Abu Dhabi, reflects ADNOC鈥檚 ongoing commitment to strengthening the United Arab Emirates鈥� industrial capabilities and bolstering local supply chains.
Under the deal, ADNOC Refining will provide EGA with up to 1.5 million tonnes of calcined petcoke from its Ruwais Refinery complex. This volume will cover at least 30% of EGA鈥檚 total petcoke requirements over the next five years, significantly reducing the company's dependence on imports. The partnership is designed to enhance the UAE鈥檚 position as a global leader in aluminum production by localizing key components of the supply chain.
This collaboration aligns with ADNOC鈥檚 In-Country Value (ICV) program, which aims to stimulate economic growth, diversify the national economy and support the development of advanced manufacturing. The program promotes the use of local products and services across ADNOC鈥檚 operations, contributing to the UAE鈥檚 broader vision for industrial expansion.
The agreement was signed by Khaled Salmeen, CEO of ADNOC Downstream, and Abdulnasser Bin Kalban, CEO of EGA. The signing was witnessed by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, along with Abdulla Kalban, Managing Director of EGA.
鈥淭his strategic partnership with EGA is a clear demonstration of ADNOC鈥檚 dedication to the 鈥楳ake it in the Emirates鈥� initiative,鈥� Salmeen said. 鈥淏y supplying this critical raw material from our Ruwais Refinery, we are not only reinforcing our domestic industrial base but also enabling the growth of a vital sector while reducing our reliance on foreign imports. ADNOC remains committed to creating more opportunities for local manufacturing and value creation through our ICV program.鈥�
EGA, the largest industrial company in the UAE outside of the energy sector and the world鈥檚 biggest producer of premium aluminum, continues to play a leading role in the nation鈥檚 industrial diversification efforts. Aluminum is the UAE鈥檚 largest export after oil and gas.
鈥淓GA has long been a pioneer in industrial development and economic diversification in the UAE,鈥� said Bin Kalban. 鈥淭his agreement with ADNOC allows us to secure a significant share of a critical raw material locally, enhancing our contribution to the national economy and reinforcing our commitment to domestic procurement and Emiratization.鈥�
Over the duration of the agreement, the supplied petcoke will enable EGA to produce approximately 3.75 million metric tonnes of aluminum鈥攅quivalent to Germany鈥檚 annual consumption. In 2024 alone, EGA鈥檚 total economic contribution鈥攊ncluding direct, indirect and induced impacts鈥攔eached $6.4 billion (AED23.49 billion), accounting for 1.3% of the UAE鈥檚 gross domestic product and supporting more than 52,000 jobs nationwide.
The strategic collaboration between ADNOC and EGA marks a significant step toward localizing key inputs in the aluminum value chain while fostering sustainable economic development within the UAE.
