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Metlen Energy & Metals PLC announced on 22 September 2026 a new strategic investment of nearly €25 million. This investment is being undertaken in EP.AL.ME., aiming to enhance the use of recycled aluminium through the installation of modern sorting, processing, and melting equipment.
PRESS RELEASE
New €25 million strategic industrial investment further strengthens the “Integrated Aluminium Value Chain”
Athens, Greece / London, United Kingdom – 22 September 2026 – METLEN is undertaking a new strategic investment of nearly €25 million in EP.AL.ME., part of the Metals Sector’s “Integrated Aluminium Value Chain”, with the aim of enhancing the use of recycled aluminium and further strengthening its role in the European aluminium industry. Through the installation of modern, highly automated sorting, processing and melting equipment, Greece’s largest independent producer of recycled aluminium will gain new capabilities, while creating strong synergies with the Aluminium of Greece plant.
Beyond EP.AL.ME’s significant technological upgrade, the investment forms part of METLEN’s strategy to develop an even more vertically integrated and competitive production model. The objective is to use raw materials more efficiently, generate greater added value and strengthen the Company’s international competitiveness.
This strategy translates into tangible operational benefits, as the project will enable EP.AL.ME. to handle more complex aluminium scrap streams. These include new categories of post-consumer scrap — aluminium recovered from products that have reached the end of their useful lives and which, until now, have been difficult to incorporate efficiently into production.
In this way, the strategic significance of the investment extends beyond increasing the use of recycled aluminium. METLEN will be able to move closer to the source of scrap supply, gaining access to larger volumes of less processed material and enhancing internal value creation through technology, expertise and industrial synergies.
The connection with Aluminium of Greece plays a pivotal role in this approach. EP.AL.ME. serves as a hub for the collection, sorting and pre-processing of scrap, while Aluminium of Greece provides the production scale and metallurgical flexibility required to incorporate demanding recycled-metal streams into high-value products. The two facilities -one producing primary aluminium and the other secondary aluminium- therefore operate in a complementary manner as a single integrated production system.
This operational synergy also has a significant environmental dimension. Aluminium recycling is a key driver of energy and production efficiency, as it requires approximately 5% of the energy needed to produce primary metal. Greater use of recycled aluminium helps reduce the environmental footprint, conserve natural resources and support more sustainable industrial production.
Within the same framework, the investment also has a clear European dimension, as it aligns with the European Union’s priorities for industrial resilience, strategic autonomy and the circular economy. Under the Critical Raw Materials Act and the Clean Industrial Deal, making better use of aluminium scrap helps retain raw materials and added value within Europe.
Overall, once fully developed, the project is expected to increase total production to more than 250,000 tonnes and improve profit margins at both plants, demonstrating that the use of recycled aluminium can deliver environmental, industrial and economic benefits simultaneously.
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About METLEN:
METLEN Energy & Metals Plc (METLEN) is an international industrial and energy Company, holding a leading position in the metals and energy sectors, focused on sustainable growth and the circular economy. METLEN has established itself as a benchmark in competitive “green” metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production unit in the European Union, with privately owned port facilities. In the Energy Sector, METLEN provides integrated energy solutions through the implementation of thermal and renewable power generation projects, electricity distribution and trading, as well as investments in network infrastructure, battery storage and other green technologies. METLEN operates across five continents and in more than 40 countries, employing over 8,500 people worldwide and implementing a fully synergistic model across its Sectors.
METLEN Financial Highlights
METLEN has its primary listing on the London Stock Exchange and secondary listing on the Athens Stock Exchange and is a constituent of the FTSE 100 Index. In 2025, METLEN reported consolidated revenue of €7.11 billion and EBITDA of €753 million with net profit of €314 million. Adjusted net debt stood at €2.10 billion, with a Net Debt/EBITDA ratio of 3.1x, reflecting strong financial resilience. METLEN is rated by leading international sustainability and ESG agencies, holding the unique Greek position in the Dow Jones Best-in-Class Emerging Market Index, and distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis, Bloomberg and IdealRatings.
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