NEO Aluminio Colombia has signed an agreement with Emirates Global Aluminium (EGA) to supply technology for its low carbon aluminum production facility – Green Aluminium Transformation Complex for Colombia (GALTCO) – in northwest Colombia, the EGA said in a statement.
The plant will be powered using hydroelectricity and the company expects its annual aluminum output to reach 540,000mt.
The assessment of the plant’s feasibility is currently underway and it would be the first-ever aluminum production unit in Colombia.
EGA will also provide the services required to ramp-up the project.
The UAE-based company has been developing aluminum smelting technology for over 25 years.
Neo Aluminio Colombia belongs to the Neo Group which manufactures aluminum vehicle wheels and electrical cables in Argentina, Brazil, and Venezuela for sale within and beyond South America.