MUMBAI (Scrap Monster): India’s first recycling facility for used cars has opened in the southern state of Tamil Nadu, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.
It is an attempt to recover scrap material and spur growth of the automobile industry, SIAM said in a statement.
The facility is a part of global automotive research centre of the ministry of heavy industries in Oragadum near Chennai.
This facility is estimated to recover 1.5 million tons of steel scrap, 180,000 tons of Alumminum scrap and 75,000 tons each of recoverable plastic and rubber from scrapped automobiles by the end of 2020.
Currently, used vehicles are cut and sold for scrap by low-tech units in the unorganized sector; crude techniques used by the sector are polluting the environment and recovering low yields.
The facility is expected to help in the overall growth of automobile industry.
|Old Sheet||0.57||$US / Lb|
|Al/Cu Radiators||1.31||$US / Lb|
|Old Cast||0.58||$US / Lb|
|6063 Extrusions||0.80||$US / Lb|
|Zorba 90% NF||0.65||$US / Lb|
|6061 Extrusions||0.72||$US / Lb|