INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

MA’ADEN, GlassPoint to develop heat plant

When complete, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals. (Pic MAADEN)
  • When completed, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually.
  • This represents more than 50 percent reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4% of MA’ADEN’s overall carbon footprint.

Saudi Arabian Mining Company (MA’ADEN) and GlassPoint signed an MoU to develop the world’s largest solar process heat plant at MA’ADEN’s Alumina refinery.

When completed, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually.

This represents more than 50 percent reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4 percent of MA’ADEN’s overall carbon footprint.

The MOU was signed at MA’ADEN HQ in Riyadh, Saudi Arabia by senior vice president of MA’ADEN’s aluminium business Riyadh Al Nassar and, CEO and founder of GlassPoint Rod MacGregor.

Under this arrangement, MA’ADEN and GlassPoint will work together to develop a more sustainable way to produce aluminium, a crucial metal for many global industries and the energy transition.