Aurubis plans to switch to alternative energy sources in its European factories

HAMBURG, June 20 (Reuters)Aurubis, Europe’s largest copper producer NAFG.DE plans to switch to alternative energy sources at its European sites, including electricity and oil, to reduce gas consumption, it said on Monday.

“This would entail considerable costs for the conversion, for which we would have to make advance payments,” the company said the day after Germany unveiled a new package aimed at saving gas, whose Russian supplies have drastically decreased. .

“Due to numerous disruptions in global supply chains, the shift to alternative energy sources is currently estimated to take several months to a year, depending on the measurement, and is characterized by major uncertainties such as the availability of technologies and service providers,” Aurubis said. said.

About 80% of the group’s energy needs are met by electricity, the group said, adding that its plant in Hamburg, where the company is based, could not be weaned off natural gas in the short term due to energy-intensive production.

German industry is heavily dependent on Russian gas and efforts to replace fuel with other sources are proving a challenge for Berlin, which faces higher supply costs and competition for scarce alternative volumes.

(Reporting by Jan Schwartz; Writing by Christoph Steitz; Editing by Susan Fenton)

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