Air Liquide to Invest 100 Million Euros in the Renewed Partnership With Aurubis for a More Sustainable Gas Supply in Bulgaria and Germany
25 Juli 2024 - 5:45PM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) will invest approximately 100 million
euros to supply Aurubis AG, a leading global provider of
non-ferrous metals and one of the largest copper recyclers
worldwide, in Bulgaria and in Germany. This investment will cover a
new Air Separation Unit (ASU) in Bulgaria and the modernization of
four existing units in Germany. In addition to providing large
volumes of oxygen and nitrogen for the increasing production of
copper and other metals by Aurubis, these plants will also support
the development of Industrial Merchant markets in both regions. A
crucial element of the energy transition, copper is in growing
demand to support urbanization, emission-free mobility,
digitalization and is notably used to make the cables which can
connect new wind and solar farms to power grid infrastructures. A
significant part of copper production is recycled, which improves
its carbon and energy footprint in a circular economy
approach.
Located in Western Bulgaria, the new ASU will replace older
units to produce increased volumes of oxygen and nitrogen for our
long-standing partner Aurubis. It will also produce argon for
Industrial Merchant markets across Europe. The plant is planned to
be operational in 2027. This state-of-the-art new ASU will consume
7% less electricity than the ASUs it will replace. Aurubis and Air
Liquide will work together so that part of the energy needed to run
the site will be of renewable origin. This has the potential to
save substantial CO2 emissions every year.
In Germany, Air Liquide will revamp its existing four Air
Separation Units on Aurubis premises. These ASUs supply Aurubis
with oxygen and nitrogen for the production of copper and other
precious metals, and serve the Industrial Merchant and Healthcare
markets in Northern Germany. The revamping of the ASUs is planned
in close coordination with the customer requirements and to be
finished in 2027. This operation will continue the reliable supply
of industrial gases.
Emilie Mouren-Renouard, member of Air Liquide’s Executive
Committee and Chief Executive Officer of Europe Industries, said:
“With the copper industry reaffirming its position in Europe, I
am very happy we can stand at Aurubis’ side as their supplier of
choice. We are reinforcing our more than 25 year partnership with
Aurubis to help our customer further develop its industrial
activity in Europe. I want to commend our teams whose continued
efforts for a safe and reliable supply have allowed us to gain the
trust of our customer and made possible the renewal of these
contracts. The industrial gases supplied by Air Liquide to Aurubis
will contribute to the development of an industry which plays a
crucial role in the energy transition and innovation.”
Ulf Gehrckens, Aurubis’ Executive Vice President
Corporate Energy & Climate Affairs, said: “Aurubis already
produces metals with a footprint less than half of the global
average. We massively invest to lay the foundation for a
decarbonized production e.g. by making our processes H2 ready or
using process heat for district-heating of households near our
Hamburg site. Our sustainability efforts make Aurubis a forerunner
in the transformation to climate neutrality. Aurubis' long-term
cooperation with Air Liquide will first and foremost secure the
long-term supply with industrial gases needed for our production.
Above that it was similarly important for us to find a partner who
also had a great interest in optimizing processes in order to
improve our CO2 footprint.”
Air Liquide is a world leader in gases, technologies and
services for industry and healthcare. Present in 60 countries with
66,300 employees, the Group serves more than 4 million customers
and patients. Oxygen, nitrogen and hydrogen are essential small
molecules for life, matter and energy. They embody Air Liquide’s
scientific territory and have been at the core of the Group’s
activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies. Air Liquide’s revenue amounted to
more than 27.5 billion euros in 2023.
Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50, FTSE4Good and DJSI Europe indexes.
www.airliquide.com Follow Air Liquide on
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