Maaden Aluminum signs 5-year deal worth $40 mln annually to buy calcined petroleum coke

Logo of Ma'aden Aluminium

Saudi Arabian Mining Co. (Maaden) announced that its subsidiary Maaden Aluminum Co. (MAC), signed a contract with Saudi Calcined Petroleum Coke Co. (SCPC) to supply calcined petroleum coke for use in its aluminum smelter complex in Ras Al Khair Industrial City.

Under the five-year contract, which has an overall value of $40 million per annum (SAR 150 million), MAC will receive an annual supply of 100,000 metric tons of calcined petroleum coke, the company said in a statement.
 

The move comes in line with Maaden’s vision of localizing its CPC requirements to reach 320,000 metric tons annually.
 

It added that production of calcined petroleum coke and supply to Maaden is planned to begin by the end of 2024.

MAC's Senior Vice President, Riyadh Al-Nassar, said that the contract represents a key milestone for Maaden, adding that petroleum coke is one of the largest and most critical raw materials and fundamental to the company's aluminum smelting activities.
 

“Working with SCPC, we will be able to manufacture this product in the Kingdom, where historically we were required to source it from overseas," Al-Nassar added.