Novelis to invest $365 m to build advanced recycling centre in North America
RAILWAYS & METRO RAIL

Novelis to invest $365 m to build advanced recycling centre in North America

Hindalco Ltd's US affiliate, Novelis, will invest $365 million in the construction of a cutting-edge vehicle recycling facility in North America.

According to Steve Fisher, President and CEO of Novelis, Inc, the company's goal is to be the world's leading provider of low-carbon, sustainable aluminum solutions that progress business, industry, and society toward the benefits of a circular economy.

Novelis said in a statement on Wednesday that the new recycling facility will be erected next to the company's existing car finishing plant in Guthrie, Kentucky.

The facility is expected to cut the company's carbon emissions by more than one million tonnes per year, with a casting capability of 240 kt of sheet ingot each year.

According to the company's statement, it takes back the aluminum left over after automobile parts are stamped from sheets and remakes it into the same product for fresh car manufacture through closed-loop recycling.

The new recycling centre will have industry-leading processes and capabilities, such as advanced shredding and sorting equipment, as well as energy-saving innovations, to help the company meet its sustainability objective of reducing energy intensity by 10% by 2026.

Novelis Inc, headquartered in Atlanta, Georgia, is an American industrial aluminium business. It is a subsidiary of Hindalco Industries, an Indian aluminium and copper manufacturer. Novelis is a prominent rolled aluminium manufacturer as well as a global leader in beverage can recycling.

Image Source

Hindalco Ltd's US affiliate, Novelis, will invest $365 million in the construction of a cutting-edge vehicle recycling facility in North America. According to Steve Fisher, President and CEO of Novelis, Inc, the company's goal is to be the world's leading provider of low-carbon, sustainable aluminum solutions that progress business, industry, and society toward the benefits of a circular economy. Novelis said in a statement on Wednesday that the new recycling facility will be erected next to the company's existing car finishing plant in Guthrie, Kentucky. The facility is expected to cut the company's carbon emissions by more than one million tonnes per year, with a casting capability of 240 kt of sheet ingot each year. According to the company's statement, it takes back the aluminum left over after automobile parts are stamped from sheets and remakes it into the same product for fresh car manufacture through closed-loop recycling. The new recycling centre will have industry-leading processes and capabilities, such as advanced shredding and sorting equipment, as well as energy-saving innovations, to help the company meet its sustainability objective of reducing energy intensity by 10% by 2026. Novelis Inc, headquartered in Atlanta, Georgia, is an American industrial aluminium business. It is a subsidiary of Hindalco Industries, an Indian aluminium and copper manufacturer. Novelis is a prominent rolled aluminium manufacturer as well as a global leader in beverage can recycling. Image Source

Next Story
Infrastructure Energy

Rs 15K Sq Km of Mahanadi Onshore Basin Being Scouted For Oil, Natural Gas

Oil India Limited is exploring around 15,000 sq km area on Mahanadi onshore basin to look for oil and natural gas. Speaking at an event here on Monday, Oil India chairman and managing director (CMD) Ranjit Rath said the exploration work is underway at the Mahanadi onshore basin and Odisha has the likelihood to immensely benefit out of it. Oil India also has other huge investments going on in the state, he added. This apart, Rath said they are also laying the longest crude oil pipeline in the country of which 200 km will pass through Odisha. “We are laying the pipeline as part of the proposed..

Next Story
Infrastructure Energy

HPCL Signs Pact with NLDS For Integration Of API

Hindustan Petroleum Corporation Ltd (HPCL) has signed an agreement with NICDC arm to integrate its APIs with Unified Logistics Interface Platform (ULIP), an official statement said on Monday. National Industrial Corridor Development Corporation Ltd (NICDC) is the implementing agency of India's ambitious infrastructure programme to develop industrial cities. "This partnership is a significant step towards enhancing transparency, operational efficiency, and innovation in India's logistics sector," the commerce and industry ministry said. It said the HPCL API of ULIP provides fuel station and pri..

Next Story
Infrastructure Energy

Centre Doesn’t Owe Any Mining Royalty Dues: Minister

The Union govt has denied that it owes Jharkhand around Rs 1.36 trillion in mining (coal) royalty, an issue the mineral-rich state has been raising since long. The statement of the Union finance ministry in the Lok Sabha on Monday could further strain relations between the Centre and the state, where the Hemant Soren-led INDIA bloc govt has been claiming that Jharkhand has been denied its bonafide due in lieu of mining coal by several public sector units. While responding to a query raised by Purnia (Bihar) MP Rajesh Ranjan (Pappu Yadav) in Lok Sabha, Union minister of state for finance Pankaj..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000