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According to the EIB, the project will finance the expansion of a copper electrolysis refining plant at an existing site in Bulgaria. It also includes the construction of a first-of-its-kind recycling facility in Germany, designed to process complex internal and external smelter intermediary products as well as recycling materials.
The promoter's investments aim to address the growing demand for copper—a strategic raw material essential for the production of Net-Zero technologies, including e-mobility, renewables, ICT, as well as aerospace and defence.
The expansion of the electrolysis plant will increase the output of copper cathodes—refined, finished copper—at the Pirdop refinery in Bulgaria by 50%, reaching 340,000 tons per year.
Through the Complex Recycling Hamburg (CRH) project, the promoter will gain the capacity to process approximately 30,000 additional tons per year of recycled materials and complex internal smelter intermediary products. As a result, the company is streamlining both internal and external value chains, contributing to the circular economy.
As stated by Bloomberg, Aurubis AG operates copper smelting and refining facilities. The Company primarily produces copper rod used in the manufacture of power cables, building wires and other wiring used in electrical applications. Aurubis also produces copper cakes, cathodes, billets and bars and markets precious metals, chemicals and other metals produced as by-products of copper smelting.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Aurubis AG | Client | Mining |
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