Emirates Global Aluminium (EGA) has entered into an agreement to acquire an 80% stake in Eco Green, an Italy-based aluminium recycling company, as part of its broader international growth strategy.
The financial details of the transaction were not disclosed and remain subject to regulatory approvals.
Following the acquisition, EGA’s total recycling capacity will exceed 400,000 tonnes annually across the UAE, Europe, and the US. An additional 200,000 tonnes of capacity is currently being developed across facilities in Europe and the US.
According to CEO Abdulnasser bin Kalban, EGA is accelerating the development of its global aluminium recycling platform alongside the expansion of its primary aluminium operations.
He noted that, upon completion, Eco Green will strengthen EGA’s presence and capabilities within the European aluminium scrap market, supporting the region’s sustainability objectives.
EGA is jointly owned by Mubadala Investment Company of Abu Dhabi and the Investment Corporation of Dubai.
Eco Green operates a facility in Villafranca di Verona in northeastern Italy, where it manages the collection, sorting, and distribution of approximately 23,000 tonnes of aluminium scrap each year.
The company is also progressing with an expansion at its Nogara di Verona site, which will add 15,000 tonnes per year of recycling capacity. The project is expected to be completed in the early part of the second half of 2026.
EGA previously acquired German specialty foundry Leichtmetall in May 2024 and subsequently announced a $170 million investment to increase its recycling capacity by more than six times.
In September 2024, EGA also acquired an 80% stake in US-based Spectro Alloys Corporation.
