Sunday, 20th June, 2021

NEWS ARCHIVE

News - 2021

Press Release – MOU Fata-Neo

NEO Aluminio Colombia and FATA EPC have signed an agreement that advance the development of a low carbon aluminum production facility, the Green Aluminum Transformation Complex for Colombia (GALTCO).

Located in Colombia’s northwestern state of Sucre and powered with hydroelectricity, the plant is intended to reach capacity of 540 thousand tons of molten aluminum per year, using Emirates Global Aluminium (EGA) state-of-the-art manufacturing technology developed in the United Arab Emirates. It will be the first aluminum production facility in Colombia, representing the cornerstone of a new industrial cluster creating jobs and economic opportunity for the country.

FATA EPC is supporting Neo Aluminio Colombia by Co-Promoting the development of the GALTCO project by providing the design and feasibility study as well as EPC services for the execution of the project.

The agreement was signed by Carlos Santiago, Chief Executive Officer of Neo Aluminio Colombia, and by Andrea Lombardi, Chairman and Chief Executive Officer of FATA.

Carlos Santiago, CEO of Neo Aluminio Colombia, said: “We are thankful and honored to have FATA EPC as a Co-Promoter and EPC provider of GALTCO for Colombia. The vast experiece and capabilities of FATA EPC, plus the productive and fluid teamwork between EGA and FATA EPC provide a strong core for GALTCO. FATA EPC, like us, believe in Colombian people, Colombia’s Government, and in Colombia’s momentum and potential to lead the region on the post Covid recovery and benefiting from the Green and Nearshoring Initiatives of the Government of the United States of America. It is our pleasure to welcome FATA EPC to the Morrosquillo Gulf.”.

Andrea Lombardi, Chairman and CEO of FATA, said: “We are proud and honored to have the opportunity to cooperate with NEO Aluminio Colombia and EGA in developing the GALTCO Project, targeting the production of Green Aluminum by using state-of-the-art technologies, best in practice health, safety and environmental and quality procedures and by providing maximum in-country value to the Colombian economy. This agreement also strengthens the close relationship between EGA and FATA, which was very successful in the past, and proves FATA’s unique competence in delivering large complex projects on EPC basis in the aluminum industry, from primary smelters to downstream plants for semis”.

The kick off meeting between the three Companies was held at the beginning of February, 2021, and the Project works are progressing expeditiously.