Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, has taken a groundbreaking step towards a greener future with the launch of EternAl, its low carbon aluminium product line with two initial variants: EternAl-30 and EternAl-15 with a 30% and 15% recycled content, respectively.

Alba’s EternAl product line marks a major milestone in the Company’s ESG Roadmap, particularly its commitment to a ‘Circular Economy & Secondary Aluminium’, while it also addresses the growing global demand for low carbon aluminium.

Alba's commitment to responsible production is further emphasized by the independent verification of both EternAl products by DNV, a globally recognized leader in verification assurance. This verification assures customers that EternAl significantly reduces emissions throughout the aluminium value chain.

“At Alba, we're not just aligned with Bahrain's vision for a sustainable future, we're actively taking part in it”, said the Chairman of the Board of Directors, Khalid Al Rumaihi. “Our commitment to achieving Net Zero by 2060 is a cornerstone of this vision. Our innovative EternAl-30 and EternAl-15 products, incorporating 15% and 30% recycled scrap metal, are not just about reducing our environmental footprint - it's a significant leap forward for the entire aluminium industry. Our products not only meet the growing demand for sustainable solutions but empowers our customers to be part of the change.”

Alba’s Chief Executive Officer Ali Al Baqali added:

“This groundbreaking low-carbon aluminium product marks a major milestone in our journey towards a sustainable future, not just for Alba, but across the entire supply chain. By utilizing up to 30% recycled scrap metal, we're not only minimizing our environmental footprint, but also empowering our partners and customers to make a significant contribution to achieving their own sustainability goals. This innovation paves the way for a more sustainable future in the aluminium industry, one where every step of the supply chain can be part of the solution.”

With the roll-out of EternAl-30 and EternAl-15 products, Alba looks forward to meeting the demands of its customers and enabling them to significantly reduce their carbon footprint by procuring more sustainable primary aluminium products.

-Ends-

About Aluminium Bahrain B.S.C. (Alba)

[Ticker: ALBH]

A Global Aluminium Leader: At plus-1.62 million metric tonnes per annum (mtpa) (2023), Alba is a world-leading aluminium smelter with a proud 50-year legacy in operational excellence, safety, environmental responsibility, and community development.

Trusted Partner: A cornerstone of the Bahrain’s economy, Alba produces high-quality aluminium, including standard and value-added products, which are exported to over 270 customers globally. With sales’ offices in Europe (Zurich), Asia (Singapore), and a subsidiary in the U.S., Alba is a reliable partner on the world stage. Alba is dually listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), SABIC Industrial Investments Company (SIIC) (20.62%) and General Public (10%). Alba prioritizes the highest quality standards, reflected in its certifications: ISO 9001 (quality), ISO 14001 (environment), ISO 27001 (information security), ISO 45001 (occupational health and safety), and ISO 18788 (security operations management). Additionally, Alba demonstrates its commitment to responsible manufacturing through certifications like IATF 16949 (automotive quality), ISO 22301 (business continuity), and ASI Performance and Chain of Custody Standards. This dedication is further underscored by their top 1% Ecovadis Platinum rating for sustainability.

Pioneering Sustainability: As the first aluminium smelter in the Middle East, Alba is central to Bahrain's thriving downstream aluminium sector, contributing significantly to the Kingdom's GDP. Committed to social responsibility, Alba employs a workforce that is 86% Bahrainis (2023) and invests heavily in employee training and development. Alba also plays a crucial role in the Aluminium Downstream Park, therefore increasing the contribution of non-oil sectors to the GDP of Bahrain. Alba has been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom.

Recognised for its environmental practices, social contributions, and corporate governance, Alba launched a comprehensive ESG Roadmap in 2022 focusing on 6 priority areas: (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba’s first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant, the upcoming +6 MW Solar Farm Project and the Power Station 5 Block 4 Project are tangible initiatives aligned with Bahrain’s Net Zero Carbon Targets by 2060 led by HRH the Crown Prince and Prime Minister of Bahrain.

In a significant step towards its ESG goals, particularly its commitment to a circular economy and secondary aluminium, Alba introduced EternAl, its new line of low-carbon aluminium products. Launched in May 2024, EternAl offers two initial variants: EternAl-30 and EternAl-15, containing 30% and 15% recycled content respectively.

Safety First, Always: Guided by the motto "Safety First, Safety Always," Alba prioritises the well-being of its employees and contractors. The Company achieved a record-breaking 30 million safe working hours without a lost-time injury in September 2022. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA President’s Award for winning RoSPA Gold Medal Award 10 years in a row, the British Safety Council’s International Safety Award with Merit along with 4-Star Audit Rating, as well as numerous awards from the National Safety Council (NSC).

Alba Power Station 5 (PS5) Block 4 Expansion Project

Alba's PS5 Block 4 is a new 680.9-megawatt (MW) combined-cycle power plant that expands the existing PS5 facility. This state-of-the-art J-class gas turbine addition boasts superior efficiency compared to Power Stations 3 & 4. Scheduled for completion in Q4 2024, Block 4 will boost PS5's total capacity to 2,481 MW, while reducing greenhouse gas emissions by 0.5 tonnes of CO2 per tonne of aluminium produced.

A consortium of Mitsubishi Power and SEPCOIII is responsible for the entire project lifecycle, from design and engineering to construction and commissioning. Alba has achieved in April 2024 the first fire of the state-of-the-art GT for Block 4 Project.

Alba Stakeholder Engagement Plan

Alba prioritises open communication with all its stakeholders, including the community, environmental and social groups. Through its Stakeholder Engagement Plan, the Company proactively addresses environmental and social impacts of its operations, outlining clear mitigation controls. Alba also maintains an external Grievance Mechanism accessible through the Code of Conduct, allowing stakeholders and the public to voice concerns and raise issues.

Alba’s External Grievance Mechanism

Alba prioritises ethical conduct and environmental responsibility. Stakeholders, employees, contractors, and the community can confidentially report any potential breaches of Alba's Code of Conduct or raise concerns about environmental and social impacts through the Alba Integrity Line. This independent, multilingual hotline operates 24/7 and is accessible via a toll-free phone number, the company intranet, or the website at www.albasmelter.com.

For further details, please contact:
Eline Hilal
Director, Investor Relations, Insurance & Corporate Secretary
Investor Relations Department
E-mail:      eline.hilal@alba.com.bh
Website: www.albasmelter.com

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