Post by : Badri Ariffin

Emirates Global Aluminium (EGA) has disclosed its intention to obtain an 80% ownership in Eco Green, an Italian firm specializing in aluminium recycling, pending regulatory approval.

This strategic acquisition is a key element of EGA's broader expansion efforts, designed to fortify its aluminium recycling capabilities throughout Europe.

Eco Green is involved in the collection, sorting, and processing of aluminium scrap, managing over 70,000 tonnes of material annually. Their facility in Villafranca di Verona processes about 23,000 tonnes of scrap each year, while the nearby Nogara di Verona facility generates more than 20,000 tonnes of recycled aluminium (secondary sows) and manages dross processing.

Furthermore, Eco Green is enhancing its Nogara facility, which will contribute an additional 15,000 tonnes of annual recycling capacity, expected to be operational by the latter half of 2026.

The company serves more than 60 clients across Europe, primarily in the automotive, industrial, and construction sectors, alongside collaborating with over 350 scrap suppliers to maintain a reliable raw material supply. Eco Green currently employs 70 staff and will retain its existing management after the acquisition.

EGA operates a significant aluminium recycling plant in Al Taweelah, UAE, and has made previous expansions into Germany and the United States through acquisitions, including companies like Leichtmetall in Germany and Spectro Alloys in the US.

Upon the successful finalization of the Eco Green deal, EGA's global recycling capability will surpass 400,000 tonnes annually across its operations in the UAE, Europe, and the US, with plans to develop an additional 200,000 tonnes of capacity in these regions. The company markets its recycled aluminium under the "RevivAL" brand.

EGA's CEO, Abdulnasser Bin Kalban, expressed that this acquisition will bolster the company's presence in Europe, supporting the expansion of its recycling operations, which are vital for the region's green transition.

Luca Scappini, CEO of Eco Green, noted that becoming part of EGA will significantly aid Eco Green's growth path and enhance its supply and customer networks across Europe.

The global demand for recycled aluminium is projected to double by 2040, as it utilizes roughly 95% less energy compared to primary aluminium production and results in considerably lower emissions.

Europe ranks as the world's third-largest market for recycled aluminium, with expectations of substantial growth in demand in the forthcoming years.

#world news #Global News #World Update #Emirates