Novelis to build $365 million automotive recycling centre in North America
2022-01-13 11:56:24 [Print]
Novelis Inc., the world leader in aluminum rolling and recycling, recently announced that it will invest $365 million to build a highly advanced recycling centre for automotive in North America. With an annual casting capacity of 240kt of sheet ingot, the facility is expected to reduce the company's carbon emissions by more than one million tons each year.
The new recycling facility will be built adjacent to Novelis' existing automotive finishing plant in Guthrie, Kentucky.
Through closed-loop recycling, the company takes back the aluminium remaining after automotive parts are stamped from sheets and remakes it into the same product for new vehicle production.
Ground-breaking of the centre is scheduled for early 2022, with commissioning expected in 2024.
The new recycling facility will be built adjacent to Novelis' existing automotive finishing plant in Guthrie, Kentucky.
Through closed-loop recycling, the company takes back the aluminium remaining after automotive parts are stamped from sheets and remakes it into the same product for new vehicle production.
Ground-breaking of the centre is scheduled for early 2022, with commissioning expected in 2024.
Aluminum Alloy TC A356.2 Delivered China
Unit:RMB/mt
China secondary aluminum alloy producers' inventory statistics by province by month
Unit: mt
