According to the Bank’s website, the project will finance the construction of a greenfield copper electrolysis plant for high purity cathode fabrication to be installed in Cordoba. The aim is of the new electrolysis plant is to allow the company to internally produce 100,000 tonnes of high purity copper cathodes from 100% copper scrap (recycled copper) in Cordoba. The benefits of the project include lower carbon footprint, improved energy efficiency and improved resilience.

The Project will be implemented on a green field site located in Cordoba, Spain close to the promoters existing copper rod manufacturing facility.

The proposed site for the Project is not part of the European network of Natura 2000 protected areas (Natura 2000 Network). There are three Natura 2000 areas within in wider region with the closest being 4km from the site.

The biodiversity impact was considered on an area of 5km surrounding the site and focused on birds as the most sensitive species to this Project due to the risks of electrocution and collision with the aerial section of the projected power line. The competent authorities concluded that the implementation of the Project is environmentally compatible but noted that this is dependent on the environmental viability of the power line which is to be built and on which its operation depends.

The Project will fall under the SEVESO III directive due to the presence of dangerous substances in quantities that exceed the thresholds defined in the legislation.

A €30 million loan.

Cunext Group has consolidated its leading position in manufacturing efficient copper and aluminium materials for the transmission of energy, data and signals, with applications in the automotive and railway industry, wind farms, industrial engines, electrical appliances, telecoms and construction. Headquartered in Córdoba, Spain, it has production plants in Córdoba, Vitoria and Zaragoza, as well as Brescia, Italy, and the United States. It has commercial offices in Barcelona and Madrid.

Contact: Maite Cordero
Email: m.corderomunoz@eib.org
Phone: +34 606 66 82 62

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