Gulf of Morrosquillo Green Aluminum and Integrated Power Generation Industrial Complex (GALTCO)
Objective
Produce green primary aluminum using modern, sustainable technologies under a profitable and stable financial model aligned with national development goals.
Key Targets
- Produce 540,000 tonnes per year of high-purity green primary aluminum (full capacity).
- Reach 350,000 tonnes per year (purity ≥ 99.7%) in the initial production phase.
- Generate more than 25% of the required electricity from a dedicated solar farm.
- Replace 100% of Colombia’s primary aluminum imports.
- Generate exports exceeding USD 700 million per year.
- Create more than 15,000 permanent jobs across construction and operation.
- Increase national GDP by more than 0.35%.
Market Opportunity
- Aluminum production deficit in the Americas: approximately 4 million tonnes per year.
- Colombia imports more than USD 400 million per year in primary aluminum (windows and façades, transmission cables, automotive and packaging).
- Price premium in international markets for low-emission raw materials, driven by corporate decarbonization targets.
- Logistics advantages: close to the Port of Tolú, near national transmission corridors, and high solar irradiation.
Project Stage
More than five years of pre-feasibility and feasibility work: over 20 technical studies, macro-siting, conceptual designs and basic engineering at FEL02 level.
Strategic Impact (New High-Impact Project Investment – INPAI)
Key sector due to its production linkages (Rasmussen: BL = 1.13 and FL = 1.21; Dietzenbacher: BL = 1.39 and FL = 1.40).
Energy mix combining the efficiency of a CCGT with self-generated solar PV power.
Aligned with the national development strategy.
ESG Considerations
Environmental: Avoided emissions of 1,049,439 t CO₂ eq per year thanks to the CCGT and solar self-generation. Circular economy: 20% to 30% aluminum scrap integration. ISO 14001 certification.
Social: Regional development and decentralization. Formal employment and technical training for young people. Investment in community infrastructure (roads, water supply, port). ISO 45001 certification.
Governance: Corporate structuring subject to international due diligence. Regional public-private roundtable with GALTCO, the Sucre Departmental Government and the municipal governments of the Gulf of Morrosquillo.
SDGs: 7 (Affordable and Clean Energy) · 8 (Decent Work and Economic Growth) · 9 (Industry, Innovation and Infrastructure) · 12 (Responsible Consumption and Production) · 13 (Climate Action)