Emirates Global Aluminium (EGA) is reportedly in search of an investment partner for a new aluminium recycling facility in the United States.
The company is currently engaging with possible investors, including preliminary talks with Mitsubishi Corporation of Japan regarding a smelter project to be located in Oklahoma, as reported by Bloomberg citing anonymous sources.
Specifics regarding the financing arrangement and the amount required have not been released.
EGA, which is jointly owned by Mubadala Investment Company from Abu Dhabi and Investment Corporation of Dubai, has appointed Evercore Inc. as its financial advisor, according to the report.
The aluminium plant is anticipated to necessitate an investment ranging from $5 billion to $6 billion, with an estimated annual production capacity of approximately 750,000 tonnes of primary aluminium, as detailed in an investor document.
The expected construction cost for this smelter, marking the first built in the U.S. since 1980, was projected to be $4 billion as of May 2025, per sources from the UAE’s state-run Wam news agency.
EGA has secured an option for a site situated within an industrial zone at Tulsa Port of Inola, which offers connectivity to the Mississippi River and facilitates bulk freight transportation.
This initiative is projected to create up to 4,000 construction jobs locally, while the aluminium facility itself is expected to generate roughly 1,000 permanent jobs on site, as stated in the Wam report.
In October, EGA commenced the second expansion phase of its aluminium recycling plant in the U.S., with an anticipated completion date of 2027.
The company has also announced plans to start construction next year on a new anode manufacturing facility in the Khalifa Economic Zone Abu Dhabi (Kezad), with production slated to kick off in early 2028.
This $300 million facility is being developed in partnership with Sunstone, a Chinese producer of pre-baked anodes.
The upcoming plant is projected to have an annual capacity of 300,000 tonnes of anodes, which will largely substitute for the majority of EGA’s current anode imports, as per a company announcement.
EGA will hold a 45 percent ownership in the joint venture, with Sunstone retaining the remainder. The $300 million investment will be divided according to each partner’s ownership stake.
Anodes are essential in the aluminium smelting process. EGA currently produces 1.35 million tonnes of anodes each year at its Jebel Ali and Al Taweelah facilities.
Sunstone will be responsible for constructing the plant, while EGA will act as the financial investor and purchaser of the output, according to the announcement.
