Ma’aden Aluminum Company (MAC), an affiliate of the Saudi Arabian Mining Company (Ma’aden), has signed a contract with Saudi Calcined Petroleum Coke Company (SCPC) for the supply of calcined petroleum coke (CPC) for the aluminum smelter facility in Ras Al Khair.
According to the reports, Ma’aden Aluminium Company will receive 100,000 tons a year of the material, used in the manufacture of aluminum, once commercial production starts at the end of 2024 from the facility.
The contract, worth $40 million a year, is part of a plan by Ma’aden to get 320,000 tons a year of calcined petroleum coke from domestic sources.
“This contract demonstrates the priority Ma’aden places on its commitment to developing the local mining sector in line with the Vision 2030 goal of diversifying the national economy and building new capabilities. It also consolidates our position as a leading company in the mining industry sector and supports the localization of the sector’s supply chain.”
Eng. Riyadh Al-Nassar, senior vice president of MAC said, “Petroleum Coke is one of our largest and most critical raw materials and fundamental to our aluminum smelting activities. Working with SCPC, we will be able to manufacture this product in the Kingdom, where historically we were required to source it from overseas. This will lead to the creation of more jobs and contribute to the prosperity of the local economy, as well as develop new national industrial capability and capacity.”
“This agreement is a real breakthrough for the project’s implementation and represents Ma’aden’s support towards increasing the local content of the aluminum industry, and we appreciate Ma’aden for their keenness to activate this important agreement in our project implementation process,” commented Eng. Talal Bin Hamad Al-Wabel, Chairman at SCPC.
Ma’aden is one of the Middle East’s major multi-commodity mining enterprises, with 17 processing and manufacturing units and eight bauxite, aluminum, gold, and base metals mines spread around the Kingdom, with many new sites in the works as part of the company’s long-term expansion plans.