JISCO Invests US$490 Million in Alpart Refinery Modernization Initiative
JISCO's US$490 million investment marks the first phase of a two-phase plan to modernize Alpart alumina refinery, with a reopening target by June 2027. This initiative aims to enhance operational efficiency and sustainability, positioning Alpart as a competitive player in the global alumina market.
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JISCO's investment of US$490 million will initiate the modernization of the Alpart alumina refinery, which has been closed since 2019. The first phase aims to restore the facility to a production capacity of one million tonnes of alumina annually, with an overall target of two million tonnes post-completion of the second phase.
The investment will focus on upgrading operational systems, power generation facilities, and implementing dry-stacking technology for residue management. Construction activities are expected to start before the end of this year, aiming for an official launch by June 2027. The project is vital for Jamaica's mining sector and aims to create jobs and economic opportunities.
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