Novelis to build $50 mln aluminum recycling centre in South Korea
2022-02-23 12:02:39 [Print]
Hindalco Industries' wholly owned subsidiary Novelis announced this week that it will invest approximately $50 million to build a recycling centre with annual casting capacity of 100 kilotonnes of low-carbon sheet ingot at its Ulsan Aluminium joint venture in South Korea.
Once operational, Novelis expects the recycling center to reduce the company's carbon emissions by more than 420,000 tons each year.
Construction of the Ulsan Recycling Center is expected to begin in October, with commissioning expected in early 2024.
Once operational, Novelis expects the recycling center to reduce the company's carbon emissions by more than 420,000 tons each year.
Construction of the Ulsan Recycling Center is expected to begin in October, with commissioning expected in early 2024.
Aluminum Ingot 99.7%min In warehouse Foshan
Unit:RMB/mt
China primary aluminum producers' sales volume statistics by province by month
Unit: mt
