07 Nov 2022 --- Novelis is building a US$50 million aluminum recycling center in South Korea to increase its recycling capacity and process different types of aluminum scrap. With an annual casting capacity of 100 kilotons of low-carbon sheet ingot, the center is expected to reduce Novelis’ carbon emissions by more than 420,000 metric tons yearly. The facility is planned to come online in 2024. “As the world leader in sustainable, low-carbon rolled aluminum solutions, we are focused on accelerating the transition of the aluminum industry to a circular economy model through the increased use of recycled content in our products,” says Sachin Satpute, president of Novelis Asia.
