Aluminium producer Elvalhalcor examines replacing gas with LPG

Elvalhalcor Hellenic Copper and Aluminium Industry SA

14/09/2022 14:43

ATHENS, Sept 14 (Reuters) - Greece-based aluminium and
copper producer Elvalhalcor  ELHA.AT  is considering switching
from gas to another fuel, such as liquefied petroleum gas (LPG),
to help cut its rising energy bill, it said on Wednesday.
    Elvalhalcor has plants in Greece, Bulgaria, Turkey and the
Netherlands and exports the vast majority of its production
overseas. It uses gas to melt aluminium and copper and some
other activities, Chief Financial Officer Spyros Kokkolis told
an analysts' call on Wednesday. 
    "We're examining the scenario of using LPG. However, it's a
lengthy process and it's not something that can be done very
fast," he said.
    Such a switch might take six months, depending on the
availabity of parts and the time the firm will need to install
them, Kokkolis added.
    Firms were caught out by surging prices after Russia curbed
gas supplies to Europe to counter Western sanctions following
Moscow's invasion of Ukraine. There are concerns that industrial
users could face rationing if gas reserves prove inadequate over
the winter.  urn:newsml:reuters.com:*:nL8N30L29G
    

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 (Reporting by Angeliki Koutantou
Editing by Mark Potter)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))