Aluminum Bahrain (Alba), the world’s largest Aluminum smelter ex-China, and Bahrain Petroleum Company (Bapco) have signed a Memorandum of Understanding (MoU) to share knowledge and collaborate on implementing Environment, Social and Governance (ESG) initiatives of common interest.
In the first-of-its-kind initiative, the MoU was inked by Mr. Ali Al Baqali, Alba’s CEO and Dr. Abdulrahman Jawahery, Bapco’s CEO.
The MoU will set the platform for conducting a feasibility study on utilizing current and any future developments on surplus hydrogen to be made available from Bapco to Alba, in addition to forming a joint task force to implement the commitments made by H.R.H. Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, at the 26th United Nations Climate Change Conference of the Parties (COP26).
“This partnership translates Bapco’s intention to address climate change challenges under the strategic guidance of H.H. Shaikh Nasser bin Hamad Al Khalifa, H.M. the King’s Representative for Humanitarian Works & Youth Affairs, Chairman of The Oil & Gas Holding Company as well as the wise directives of Chairman of Bapco’s Board of Directors H.E. Mr. Abdulla Jehad Al-Zain. This is one of the many initiatives we have in our pursuit to realize Bapco’s ESG objectives.”
Mr. Al Baqali said that “An alliance of this kind, between two of the largest companies in Bahrain, is a commitment to join our forces to embrace sustainable industrial development as we race to meet Bahrain’s Net Zero Emissions by 2060. I also take the opportunity to extend my thanks to Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa for leading the way we do things in Alba.”