Metlen Energy & Metals S.A. (X4Z)

Profile

https://www.metlen.com

Metlen Energy & Metals S.A. is a global industrial and energy company operating in two primary sectors: Energy and Metallurgy. It manages a diverse energy portfolio that includes 1.2 GW of gas-fired thermal power plants, such as combined cycle plants in Agios Nikolaos and Korinthos, alongside 211 MW from renewable sources like wind farms, photovoltaic parks, and small hydropower plants. The company is also engaged in electricity and natural gas trading, cross-border power exchanges across Southeastern Europe, and CO2 emissions trading. In the metallurgy sector, it oversees vertically integrated operations encompassing bauxite mining at the Delphi Distomon site, alumina refining, aluminium smelting, and casthouse activities at the Aluminium of Greece plant, making it the largest such facility in the European Union and the second-largest bauxite producer in Europe. Recent expansions include a €295.5 million investment to boost bauxite production to 2 million tonnes annually, alumina to 1.265 million tonnes, and introduce 50 metric tonnes of gallium production, the first in Europe industrially. Long-term supply agreements with Rio Tinto secure its raw materials through 2037. Committed to sustainable development, Metlen Energy & Metals holds Aluminium Stewardship Initiative certifications for its operations, emphasizing responsible production and the circular economy while employing nearly 5,000 people.