Breaking News

CIT to Buy OneWest Bank for $3.4 Billion in Cash and Stock
Tweet TWEET

Abengoa signs an agreement with Novelis to manage all drosses from the plant that the North American company is building in

 Abengoa signs an agreement with Novelis to manage all drosses from the plant
     that the North American company is building in Nachterstedt, Germany

- Abengoa will manage the aluminum residues at the new facility that it will
build in the town of Bernburg, in the east of the country, and which will
involve an investment of approximately €30 million.

- The new Abengoa plant will have a production capacity of 50,000 tons of
aluminum alloys for casting and, in addition, will recover the aluminum from
the drosses at the Novelis plant.

PR Newswire

SEVILLE, Spain, April 9, 2013

SEVILLE, Spain, April 9, 2013 /PRNewswire/ -- Abengoa, an international
company that applies innovative technological solutions for sustainable
development in the energy and environment sectors, through its industrial
waste recycling division, Befesa, has signed an agreement with Novelis,
specialized in the production of flat aluminum products, to manage all of the
aluminum drosses from the recycling plant that the North American company is
building in Nachterstedt, Germany.

Therefore, Abengoa is going to build an aluminum recycling plant in the town
of Bernburg, in the region of Saxony-Anhalt in the east of the country, which
will involve an investment of approximately €30 million.

The new Abengoa facility will produce 50,000 tons of aluminum casting alloys
and, in addition, by recovering the aluminum, will manage all of the drosses
from the largest recycling plant in the world that Novelis is building in
Nachterstedt. Then it will return the recovered aluminum to Novelis, so that
they can reuse it for laminated products.

In addition to the significant investment and technological development that
it means for the area, it is estimated that the new German aluminum waste
recycling plant will create around 65 jobs between the direct and indirect
jobs involved in this activity.

The new Abengoa plant will also bring significant environmental benefits. The
facilities will be designed and operated using the safest and most sustainable
technology for recycling aluminum. In addition, it will include the latest
industry-related technological developments leading to the highest standards
of productivity in the industry.

When the plant is put into operation in the first quarter of 2014, Abengoa
will have nine recycling plants in Europe. The total processing capacity will
be 1 million tons of aluminum waste (about 400,000 tons of scrap, slag and
aluminum chips, and 600,000 tons of salt slag).

With this new project, Abengoa will become the leading company in integrated
aluminum waste recycling in Germany and will reinforce its position as the
European leader in this sector. In this way, Abengoa will consolidate its
growth model based on the know-how and sustainability of its processes,
offering technologically innovative solutions tailored to the needs of its
customers and suppliers.

About  Abengoa

Abengoa (MCE: ABG) is an international company that applies innovative
technological solutions for sustainable development in the sectors of energy
and the environment, by generating electricity from the sun, producing
biofuels, desalinating sea water or recycling industrial waste.
(www.abengoa.com)

Communications department:        Relationship with investors

Patricia Malo de Molina Melendez  Barbara Zubiria Furest

Tel. +34 954 93 71 11             Tel. +34 954 937 111

E-mail: communication@abengoa.com E-mail: ir@abengoa.com

                                 

You can also follow us on Twitter, LinkedIn, and on our blog.

SOURCE Abengoa

Website: http://www.abengoa.com