It was reported that Emirates Global Aluminium PJSC (EGA), the largest premium aluminum producer based in the UAE signed an agreement with Colombian firm NEO Aluminio Colombia to build an aluminum plant in Colombia, called the Green Aluminium Transformation Complex for Colombia (GALTCO), which will be the first aluminum production facility in South America.
NEO Aluminio Colombia is now currently evaluating the feasibility of this project, which is powered from hydroelectricity, with an aim to reach an annual production capacity of aluminum of 540,000 tons.