Emirates Global Aluminium partnered with UAE companies to launch the Aluminium Recycling Coalition. Photo: Emirates Global Aluminium
Emirates Global Aluminium partnered with UAE companies to launch the Aluminium Recycling Coalition. Photo: Emirates Global Aluminium
Emirates Global Aluminium partnered with UAE companies to launch the Aluminium Recycling Coalition. Photo: Emirates Global Aluminium
Emirates Global Aluminium partnered with UAE companies to launch the Aluminium Recycling Coalition. Photo: Emirates Global Aluminium

EGA unveils aluminium recycling initiative amid sustainability push


Deena Kamel
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Emirates Global Aluminium, the UAE’s largest industrial company outside the oil and gas sector, has teamed up with beverage producers, can makers and waste management companies to launch an aluminium recycling initiative in the UAE amid the country's push for a greener economy.

The Aluminium Recycling Coalition aims to drive a “step-change” in recycling the metal in the UAE and to promote aluminium recycling by consumers, particularly beverage cans, EGA said in a statement.

The coalition includes EGA, Abu Dhabi Waste Management Company (Tadweer), Aujan Coca-Cola Beverages Company, Coca-Cola Al Ahlia Beverages Company, BeeahTandeef, Pepsi-bottler Dubai Refreshment, Canpack, Crown Bevcan, Dulsco Group and France-based resource management group Veolia.

“Aluminium demand is expected to grow worldwide by between 50 per cent and 80 per cent by 2050, because of the key role of this infinitely recyclable material in achieving net zero,” said Mariam Almheiri, UAE Minister of Climate Change and Environment.

“Co-operation throughout the value chain, such as the Aluminium Recycling Coalition, will speed the decarbonisation of our economy in line with the Net Zero by 2050 strategic initiative.”

A March 2022 study by the International Aluminium Institute (IAI), a body representing the global primary aluminium industry, showed that more than 70 per cent of the material used in aluminium cans is recycled into new products — almost double that of glass (34 per cent) and plastic (40 per cent).

It also found that aluminium cans best support a circular economy, and that compared with aluminium cans, more glass and plastic bottles end up in landfills because they are not collected.

The UAE's Aluminium Recycling Coalition will "enhance the UAE’s position as a global leader in international efforts towards green development, support our 2031 goals on the circular economy and contribute to building a knowledge-based economy that is more resilient and competitive", Abdullah bin Touq, UAE Minister of Economy, said.

Recycling plastic bottles to earn free Abu Dhabi bus rides - in pictures

  • Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
    Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
  • Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
    Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
  • Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
    Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
  • Commuters get points each time they deposit plastic bottles in a reverse-vending machine installed at Abu Dhabi’s main bus terminal. Nilanjana Gupta / The National
    Commuters get points each time they deposit plastic bottles in a reverse-vending machine installed at Abu Dhabi’s main bus terminal. Nilanjana Gupta / The National
  • Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
    Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
  • Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
    Workers collect plastic bottles for recycling. Nilanjana Gupta / The National
  • Commuters get points each time they deposit plastic bottles in a reverse-vending machine installed at Abu Dhabi’s main bus terminal. Nilanjana Gupta / The National
    Commuters get points each time they deposit plastic bottles in a reverse-vending machine installed at Abu Dhabi’s main bus terminal. Nilanjana Gupta / The National
  • Watch: recycle plastic bottles to earn free bus rides in Abu Dhabi
    Watch: recycle plastic bottles to earn free bus rides in Abu Dhabi

Last year, EGA announced plans to build an aluminium recycling plant with a capacity of 150,000 tonnes per year as it looks to decarbonise its operations.

EGA was also the first Middle East-based company to join the Aluminium Stewardship Initiative, a global body that sets sustainability standards for the industry.

“Recyclability is one reason aluminium is so important for human progress, but every day as a society we throw too much of this valuable metal away," Abdulnasser bin Kalban, chief executive of EGA, said.

"By championing the Aluminium Recycling Coalition, EGA aims to increase aluminium recycling rates in the UAE to the benefit of our society and economy."

The UAE is aiming to achieve net zero by 2050 with new investments worth Dh600 billion ($163.5 billion) planned in clean and renewable energy sources over the next three decades.

EGA, one of the world's largest aluminium producers, has smelters in Abu Dhabi and Dubai.

The company is developing its own technology to decarbonise operations and reduce emissions. Its aluminium is shipped to more than 50 countries. EGA generates about Dh20 billion in economic activity yearly and supports more than 60,000 jobs in the UAE.

The aluminium sector accounts for 1.4 per cent of the UAE economy.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Results:

First Test: New Zealand 30 British & Irish Lions 15

Second Test: New Zealand 21 British & Irish Lions 24

Third Test: New Zealand 15 British & Irish Lions 15

Updated: January 15, 2023, 8:41 AM