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Company News, Business

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Qualcomm to Alphawave for $2.4 bn

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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)
By TRENDS Desk
June 2, 2022 9:43 pm
  • 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.

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