METLEN CRITICAL RAW MATERIAL INVESTMENTS (EIB-20250087)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Greece
Geographic location where the impacts of the investment may be experienced.
Specific Location
Central Greece
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 28, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
METLEN ENERGY & METALS SINGLE MEMBER SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Industry and Trade
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 104.37 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 90
Converted using 2025-11-28 exchange rate.
Loan Amount (USD)
$ 104.37 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 90 million
Converted using 2025-11-28 exchange rate.
Project Cost (USD)
$ 144.96 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 125 million
Converted using 2025-11-28 exchange rate.
Bank Documents
Campaign Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 12, 2026

Disclosed by Bank Dec 29, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EIB, the project concerns investments in Central Greece and consists of two components 1) Bauxite projects and 2) a new gallium production facility.

The project aims to significantly enhance the import capacity for Guinean Bauxite from 1,000,000 tpa to 2,000,000 tpa, construct a new facility to produce 50 tpa of Gallium, and increase the production capacity of alumina from 865,000 tpa to 1,265,000 tpa. This initiative will strengthen the resilience and diversification of the EU supply chain for critical raw materials essential for the green and digital transition. Additionally, the project will contribute to the creation of highly skilled jobs in a less developed region, fostering economic growth and development.

This project supports the exploration and extraction of bauxite for aluminium production and the production of gallium, increasing the production capacity of critical raw materials (CRM) in the EU and supporting the targets of the CRM act.

CRM projects often face market failures, such as reliance on imports, high costs, permitting delays, and market volatility. Hence, strategic support is needed to ensure a stable and sustainable supply within the EU.

Aluminium production supports decarbonisation, is highly recyclable, and creates local jobs. It is also key for renewable energy technologies, by providing essential materials for solar and wind power.

Gallium plays a crucial role in high-tech and clean energy applications, including semiconductors, LEDs and solar panels. Its supply within the EU strengthens supply chain resilience and reduces reliance on a single source.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the company's website, METLEN (previously known as MYTILINEOS) is a global industrial and energy company operating two business Sectors: Energy and Metals that are highly interconnected and complementary, enabling synergies that unlock hidden value for the Company and significantly amplify its performance. The Company is strategically positioned at the forefront of the energy transition, while already established as a reference point for competitive green metallurgy at the European and global level. It has a consolidated turnover and EBITDA of €5,683 million and €1,080 million, respectively.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - METLEN Energy & Metals Single Member S.A. (formerly Mytilineos SA) Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts provided at the time of disclosure.

Client - METLEN Energy & Metals Single Member SA (formerly Mytilineos SA):

Address: 8 Artemidos Str. Maroussi, 15125 Athens
Phone: +30 210-6877300
Fax: +30 210-6877400
Email: info@metlengroup.com
Website: https://www.metlengroup.com/ 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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