Metals
Novelis Inc., a sustainable aluminum solutions provider and a leader in aluminum rolling and recycling, broke ground on a new $50 million recycling center. With an annual casting capacity of 100 kilotonnes of low-carbon sheet ingot, the center is expected to reduce Novelis’ carbon emissions by more than 420,000 tons each year.
“As the world leader in sustainable, low-carbon rolled aluminum solutions, we are focused on accelerating the transition of the aluminum industry to a circular economy model through the increased use of recycled content in our products,” said Sachin Satpute, president of Novelis Asia. “Doing so will reduce our carbon footprint – as well as that of our customers and industry as a whole – and lead us closer to realizing our 2050 goal for carbon neutrality.”
A groundbreaking ceremony for the recycling center for Novelis was attended by Doo-Gyeom Kim, Ulsan Metropolitan City Mayor, Yeon-Chul Lee, Chairman, Ulsan Chamber of Commerce and Nolan Barkhouse, Principal Officer, U.S. Consulate in Busan.
The facility is expected to come online in 2024.
Published in the December 2022 Edition