Release date: 1 July 2024
Promoter – Financial Intermediary
CUNEXT COPPER INDUSTRIES SLULocation
Description
The project will finance the construction of a greenfield copper electrolysis plant for high purity cathode fabrication to be installed in Cordoba.
Objectives
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.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 104 million
Environmental aspects
The project falls under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), and will require an Environmental Impact Assessment. The project will allows the percentage of scrap material to be increased in copper wire reducing the carbon footprint. The environmental aspects will be further appraised during due diligence.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation, then the promoter will have to apply those rules.
Status
Under appraisal
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).