The European Commission has officially recognized Metlen, a prominent Greek aluminum producer, as a Strategic Project under the EU’s Critical Raw Materials Act (CRMA).
This recognition, highlighted by a visit to Metlen’s Aluminium of Greece plant by Executive Vice President Mr. Stéphane Séjourné, underscores the company’s vital role in bolstering Europe’s self-sufficiency and security of supply for critical raw materials.
Metlen’s integrated project, encompassing bauxite mining, alumina plant expansion, and a projected annual production of 50 metric tons of gallium, was selected from a pool of 170 candidates, ultimately landing amongst the 47 Strategic Projects approved under the CRMA. This selection signifies the project’s significance in addressing Europe’s reliance on external sources for key materials.
Specifically, Metlen’s project stands out as the only initiative directly enhancing Europe’s strategic autonomy across the bauxite-alumina-aluminum-gallium value chain, all of which are classified as critical raw materials. This is particularly crucial given Europe’s current dependency, with 98% of gallium and 87% of alumina sourced from outside the continent. Mr. Séjourné emphasized the significance of the project, stating that the new production line is projected to cover 30% of European production needs. He further highlighted the potential for Greece to play a vital role in critical raw materials, generating local employment and fostering economic growth.
While celebrating this significant achievement, Mr. Evangelos Mytilineos, Chairman and CEO of Metlen, also raised a crucial point: the energy intensity of metallurgical plants. He urged the Commission to prioritize energy competitiveness, emphasizing the need for a shift in mindset to support the industry’s long-term sustainability. “Competitiveness for a metallurgical plant in Europe means energy,” he stated, advocating for increased attention and action from the Commission on this front.
Metlen’s recognition as a Strategic Project marks a significant step forward in strengthening Europe’s critical raw material supply chain. However, as Mr. Mytilineos rightly pointed out, addressing the energy challenges faced by energy-intensive industries like aluminum production remains a critical factor in ensuring long-term competitiveness and success. The European Commission’s acknowledgement of Metlen’s importance is a positive development, but sustained support and a focus on affordable and sustainable energy solutions are crucial for the continued growth and resilience of European metallurgy.
Metlen’s Aluminium of Greece
Source: Metlen with additional information added by GlassBalkan
