Aurubis AG: Largest planned maintenance shutdown at Aurubis Hamburg plant
successfully concluded

EQS-News: Aurubis AG / Key word(s): Miscellaneous
Aurubis AG: Largest planned maintenance shutdown at Aurubis Hamburg plant
successfully concluded

12.07.2024 / 11:06 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Largest planned maintenance shutdown at Aurubis Hamburg plant successfully
concluded

* 500 individual maintenance and modernization measures completed

  * For a sustainable future: Hydrogen-ready anode furnaces installed and
    carbon-free industrial heat expanded

* Almost a quarter of a billion euro invested in the Hamburg site

Hamburg, July 12, 2024 - Yesterday, Aurubis successfully wrapped up the
largest maintenance shutdown in company history at the Hamburg site. During
the shutdown, the company also executed investment projects for
hydrogen-ready anode furnaces and the expansion of carbon-free industrial
heat.

It was the largest shutdown in the history of Aurubis Hamburg with roughly
500 individual tasks and an around EUR 95 million budget for plant maintenance
and technical upgrades. These included technically inspecting the waste heat
boiler, overhauling the flash smelter, and installing heat exchangers in the
contact acid plant - important investments in the Hamburg plant's efficiency
and environmental protection. Aurubis also installed a tap hold drill and
tamping machine, which will automate slag tapping in copper production in
the future, ensuring better safety.

Around 2,000 people were involved in the large-scale project including 1,500
workers from partner companies, suppliers and service providers. 'We
executed all the shutdown tasks with the highest quality - a technical and
logistical tour de force, given the extreme complexity of the shutdown,'
Aurubis Chief Transformation Officer Markus Kramer emphasized. 'Occupational
health and safety were top priorities during the shutdown, as they are in
regular operations. And we effectively ensured a safe working environment
with a comprehensive concept, clear rules, and good communication,' Kramer
added.

'I am proud of the entire team and our partners for the flawless completion
of all the work accomplished during the shutdown. Now we will safely and
reliably resume production,' Hamburg Aurubis Plant Manager Michael Jordan
affirmed.

During the 2022 and 2024 shutdowns, Aurubis realized extensive investments
in plant equipment along with numerous digitalization and automation
measures that will help the company achieve a significantly higher degree of
efficiency and stability in production. Challenges in the manufacturing
process will be identified at an early stage so they can be addressed in
good time to ensure longer useful lifespans until the next shutdown. This
stable foundation will allow Aurubis to again extend the frequency of the
planned maintenance shutdowns from two to three years in the future. By
extensively modernizing key equipment, Aurubis consistently aims to further
increase already high plant availability.

H2-ready anode furnaces: More climate-friendly production with hydrogen

Along with the comprehensive maintenance and renewal work, the company also
executed two strategic projects during the shutdown that further expand
Aurubis' pioneering role in sustainability. The multimetal supplier swapped
out its anode furnaces, equipment essential for copper refining, with new,
innovative furnaces that are hydrogen ready. They can be fueled with
hydrogen instead of natural gas - and then only emit water vapor,
eliminating carbon dioxide as a by-product. An important step in
decarbonizing metal production and along Aurubis' path to carbon-neutral
production well before 2050. Using only hydrogen as a reduction agent at the
Hamburg site, this EUR 40 million investment will allow the company to prevent
at least 5,000 t of CO2 a year, further reducing the carbon footprint of its
copper, already well below the industry average today.

'This strategic investment represents another milestone along our path
towards carbon neutrality, and demonstrates at the Hamburg site that as an
industry, we are an important part of the solution for accelerating
decarbonization,' Aurubis CEO Roland Harings emphasized. 'Aurubis is a
pioneer for sustainable solutions in the sector - as we have clearly
demonstrated by expanding carbon-free industrial heat for the households of
Hamburg.'

Expansion: more carbon-free industrial heat for Hamburg households

During the shutdown, Aurubis also invested around EUR 100 million in laying
the technical groundwork for feeding more carbon-free industrial heat into
Hamburg's district heating network. Aurubis has been supplying heat since
2018 and with the addition of the second stage, the multimetal company can
now heat a total of up to 28,000 households in Hamburg as of the 2024/25
heating period. The anticipated heat volume makes this the largest
industrial heat project in Germany, avoiding up to 120,000 t of CO2 in the
city of Hamburg every year.

Aurubis is part of the Living Lab Northern Germany with both strategic
projects. Industrial Heat, a joint project with the Hamburg Energiewerken
utility company, received funding from the German Ministry for Economic
Affairs and Climate Action (BMWK).

Aurubis - Metals for Progress

Aurubis AG is a leading global provider of non-ferrous metals and one of the
largest copper recyclers worldwide. The company processes complex metal
concentrates, scrap metals, organic and inorganic metal-bearing recycling
materials, and industrial residues into metals of the highest quality.
Aurubis produces more than 1 million tons of copper cathodes annually, and
from them a variety of products such as wire rod, continuous cast shapes,
profiles, and flat rolled products made of copper and copper alloys. Aurubis
produces a number of other metals as well, including precious metals,
selenium, lead, nickel, tin and zinc. The portfolio also includes additional
products such as sulfuric acid and iron silicate.

Sustainability is a fundamental part of the Aurubis strategy. 'Aurubis
responsibly transforms raw materials into value' - following this maxim, the
company integrates sustainable conduct and business activities into the
corporate culture. This involves a careful approach to natural resources,
responsible social and ecological conduct in everyday business, and
sensible, healthy growth.

Aurubis has around 7,200 employees, production sites in Europe and the US,
and an extensive distribution network around the world.

Aurubis shares are part of the Prime Standard Segment of the German Stock
Exchange and are listed in the MDAX, the Global Challenges Index (GCX), and
the STOXX Europe 600.

More information at www.aurubis.com


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   Language:       English
   Company:        Aurubis AG
                   Hovestrasse 50
                   20539 Hamburg
                   Germany
   Phone:          +49 (0)40 / 78 83 - 31 78
   Fax:            +49 (0)40 / 78 83 - 31 30
   E-mail:         a.seidler@aurubis.com
   Internet:       www.aurubis.com
   ISIN:           DE0006766504
   WKN:            676650
   Indices:        MDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard),
                   Hamburg; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1945355

End of News EQS News Service
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1945355 12.07.2024 CET/CEST