Copper producer Aurubis begins construction of nickel and copper recycling plant in Belgium
(Kitco News) - Aurubis, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide, announced Tuesday it officially kicked off construction of its state-of-the-art and energy-efficient bleed treatment plant at its Olen site in Belgium.
The company said that the new BOB (Bleed treatment Olen Beerse) facility, in which valuable metals like nickel and copper will be recovered from the electrolyte stream (the bleed), will meet the highest environments standards in Belgium and the European Union.
"This additional recycling facility allows us to cover the full production cycle in-house – a true milestone for the Olen plant," commented Dirk Vandenberghe, Managing Director of Aurubis Olen and Aurubis Beerse.
Commissioning of the new facility with an overall investment volume of around € 70 million is anticipated for the second half of 2024. Aurubis expects to see an annual EBITDA contribution of €15 million once the plant is fully operational in fiscal year 2025/26.
Along with BOB, Aurubis is also currently building its new ASPA recycling plant in Beerse.
"These projects enable us to optimally process valuable metals in dynamic and continuously changing recycling markets as well as input materials. This is how we strengthen our core business and substantially contribute to the European circular economy," the company said in a statement.
Aurubis is a global provider of non-ferrous metals and one of the world's largest copper recyclers. The company produces more than 1 million t of copper cathodes with 99.99 % purity in its European smelter network each year. In addition to copper, Aurubis produces gold, silver, platinum group metals, lead, nickel, tin, zinc, and selenium.
Aurubis has about 6,900 employees, production sites in Europe and the USA, and an extensive service and distribution network in Europe, Asia and North America. Aurubis shares are part of the Prime Standard Segment of the German Stock Exchange and are listed in the MDAX, the Global Challenges Index (GCX), and the STOXX Europe 600.
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