Gas Burning Gas Turbines
Join Date: Feb 2005
Location: flyover country USA
Age: 82
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PZU has it right.
UAE has trillions of BTUs of natural gas, which is expensive to liquify and transport - thus a limited market.
So their strategy is:
1) Buy bauxite on the open market
2) Generate lots of cheap electricity using otherwise-wasted gas
3) Refine bauxite to high-purity ingots (an energy-intensive process)
4) Sell ingots on the open market
Dubal, just up the coast from Abu Dhabi, has been doing this for 30+ years.
Remember this next time you buy aluminum window frames, or a Cessna.
UAE has trillions of BTUs of natural gas, which is expensive to liquify and transport - thus a limited market.
So their strategy is:
1) Buy bauxite on the open market
2) Generate lots of cheap electricity using otherwise-wasted gas
3) Refine bauxite to high-purity ingots (an energy-intensive process)
4) Sell ingots on the open market
Dubal, just up the coast from Abu Dhabi, has been doing this for 30+ years.
Remember this next time you buy aluminum window frames, or a Cessna.
