Atlanta-based Novelis Inc. has announced the groundbreaking of a new $50 million recycling center at its Ulsan Aluminum joint venture in Ulsan, South Korea. The facility he plans to come online in 2024.
With an annual low-carbon sheet ingot casting capacity of 100,000 tons, according to Novelis, the center under construction by Ulsan Aluminum, a joint venture between Novelis and Kobe Steel, is expected to reduce the company’s carbon emissions by more than 420,000 tons annually. I’m here. .
“As a global leader in sustainable, low-carbon rolled aluminum solutions, we are focused on accelerating the shift of the aluminum industry to a circular economy model by increasing the use of recycled content in our products. Asia: “Doing so will reduce not only our carbon footprint, but that of our customers and the industry as a whole, bringing us closer to achieving our 2050 carbon neutral goal.”
Novelis, which operates Asia’s largest aluminum recycling center in Yeongju, Gyeongsangbuk-do, has launched a new recycling plant to meet the long-term global demand for sustainable, low-carbon aluminum sheet for cans, automobiles and high-end specialty products. He said he was building a center. The addition of the Ulsan Recycling Center will allow Novelis to increase its recycling capacity in South Korea by more than 20 percent to 440,000 tons, enhancing its ability to process various types of aluminum scrap.
This is the latest in a series of recent investments to increase Novelis’ recycling capacity globally. The company also recently broke ground on his $2.5 billion recycling and rolling plant in Bay Minette, Alabama. According to the company, the facility is expected to add 600,000 tonnes of finished aluminum product capacity annually for the beverage container market and provide flexibility for automotive production. It also includes a new recycling center for used beverage cans (UBC), increasing Novelis’ recycling capacity from 74 billion UBC to 90 million annually. Earlier this year, Novelis began construction on his $365 million advanced recycling center in Guthrie, Kentucky. The center is capable of casting 240,000 tons of sheet ingots per year for automotive customers.
Novelis says that using recycled aluminum as an input material saves 95% of the energy required to produce primary aluminum from bauxite and reduces carbon emissions by 95%. Additionally, aluminum is infinitely recyclable, making it an increasingly important choice for sustainable materials. For example, UBC can be recycled into new cans that can hit stores in as little as 60 days. Novelis recycles 82 billion of his UBCs annually, and the Yeongju Recycling Center processes over 18 billion annually.
The groundbreaking ceremony for the recycling center was attended by Ulsan Metropolitan City Mayor Kim Doo-gyeom, Ulsan Chamber of Commerce Chairman Lee Young-chul, and US Consulate General Nolan Barkhouse in Busan.
Novelis is a subsidiary of aluminum and copper industry leader Hindalco Industries Ltd. and the metals flagship company of Aditya Birla Group, a multinational conglomerate based in Mumbai, India.