Novelis Sets Ambitious Targets to Advance Circularity and Decarbonization

Scrap Metal News  |  2024-10-31 15:18:45   |   By

First and foremost, the corporation wants to raise the percentage of recycled materials in its products to 75%.

SEATTLE (Scrap Monster): The company-wide initiative to promote aluminum as a preferred material with circular solutions, Novelis 3x30, was presented by Novelis. By doing this, the business has established new, challenging objectives to further promote decarbonization and circularity by the end of 2030.

First and foremost, the corporation wants to raise the percentage of recycled materials in its products to 75%. It should be mentioned that the company now uses recycled materials to make 63% of the aluminum utilized in its products. By 2030, Novelis wants to raise it to 75%. The company hopes to drastically cut down on the requirement for primary aluminum by doing this.

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Novelis Highlights Significant Progress Towards Carbon-Neutral Future

With a 27% reduction in absolute emissions since the FY16 baseline, the corporation has made great strides in lowering its carbon footprint. By 2030, Novelis wants to export fewer than 3 tonnes of carbon dioxide equivalent per tonne of flat-rolled product, in line with the industry's explosive expansion.

Novelis reaffirmed its determination to make further investments in innovation and technology in order to remain at the forefront of sustainability. As a result, the business will invest in cutting-edge technology that promote circularity. It will also concentrate on creating new alloys with a high recycled content and encouraging closed-loop recycling partnerships.