As a panelist, Al Baqali spoke about the resilience of the Middle East market thanks to the recovery in the auto and packaging sectors as well as about Alba’s commitment to transition to a low carbon economy and emphasised that Alba’s ESG Roadmap was developed to address EU’s emerging Carbon Border Adjustment Mechanism (CBAM), Bahrain’s commitment towards Net Zero Emissions by 2060, customers’ demand for lower carbon or greener aluminium products.
Al Baqali
underlined that the Company is working today on an action plan to identify
areas for potential GHG reduction, set CO2 targets and monitor CO2 capture for
our afforestation drives. He also highlighted Alba’s Power Station 5 Block 4
Project, which will reduce the Company’s GHG emissions intensity ratio by 0.5x
once it is commissioned in 2024.
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