Novelis Breaks Ground on State-of-the-Art Aluminum Recycling Center

SEATTLE (Scrap Monster): Novelis, Inc. announced that it has broken ground on Ulsan Recycling Center- the company’s new state-of-the-art aluminum recycling center in South Korea.

The $50 million recycling center will have a casting capacity of 100 kilotonnes per annum of low-carbon sheet ingot and is expected to be completed by 2024. The center will reduce the company’s annual carbon emissions by more than 42,000 tons. The facility is being built by Ulsan Aluminum- Novelis’ joint venture with Kobe Steel.

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The groundbreaking ceremony was attended by Doo-Gyeom Kim, Ulsan Metropolitan City Mayor, Yeon-Chul Lee, Chairman, Ulsan Chamber of Commerce and Nolan Barkhouse, Principal Officer, U.S. Consulate in Busan among others.

The new recycling center will help Novelis to meet the long-term global demand for sustainable, low-carbon aluminum sheet for can, automotive and high-end specialty products. It will boost the company’s Korean recycling capacity by more than one-fifth. Also, it will enhance the processing capacity for different types of aluminum scrap, said the company press release.

The investment is the latest in a string of investments by the company, aimed at achieving the 2050 goal for carbon neutrality, said Sachin Satpute, President, Novelis Asia.