European Auribis to invest €300M in US copper recycling plant

2 min read | November 11, 2021 02:42 PM AEDT | By Arpit Verma

European Auribis to invest €300M in US copper recycling plant — Image source: © Zakirovalexey7 | Megapixl.com

Conservation of natural resources

The CEO of the company, Roland Harings stated that the availability of large volumes of complex recycling materials in the US has prompted the company to decide on this project.

Roland also stated that some complex recycling materials in the US are simply dumped which can further be recycled to convert into a usable form.

Conservation of natural resources

Conservation of natural resources | Source: © Andreus | Megapixl.com

The investment in the project will support the conservation of natural resources and the company's efforts to utilize higher quantities of complex secondary raw materials in addition to copper.

The project is expected to create more than 100 jobs in the region. Additionally, the company has inked an MoU with US government authorities regarding economic support measures.

Bottom Line

Aurubis AG plans to invest €300 million towards the development of a copper recycling plant in the US. The significant investment in the project will support the conservation of natural resources and the company's efforts to utilise higher quantities of complex secondary raw materials.

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