Investment at Novelis Latchford supports a
significant expansion of recycling capacity to substantially
increase the recycled content and reduce carbon emissions in
Novelis aluminium sheet.
ATLANTA, July 17, 2024 /PRNewswire/ -- Novelis Inc., a
leading sustainable aluminium solutions provider and the world
leader in aluminum rolling and recycling, today announced it is
investing approximately $90 million
to increase recycling capacity for used beverage cans (UBCs) at its
plant in Latchford, UK. The project will increase the facility's
recycling capacity for UBCs by 85 kilotonnes per year, equaling a
growth of more than 100%.
"Of all the recycling players in the European market, Novelis
has the highest ambition to maximize its recycled content across
our product range," said Emilio Braghi, executive vice president of
Novelis and president, Novelis Europe. "Globally, Novelis had an
average of 63% recycled content in our products in fiscal year
2024. This investment marks a major milestone in our ambitious
program to further expand our recycling capacity. It underscores
our strong commitment to sustainability as we continue to drive the
transformation of the aluminium industry towards full circularity
and lead the market with innovative, high-recycled and low-carbon
aluminium solutions."
The investment includes the construction of a new dross house,
three new bag houses, and the installation of state-of-the-art
shredding, sorting, de-coating, and melting technologies – enabling
the plant to recycle a larger volume and new types of aluminium
scrap, and to increase operational efficiency. The expansion of
recycling capacity, as well as the implementation of advanced
technologies, will result in an annual CO2e reduction of more than
350,000 tonnes for Novelis Europe.
The project is expected to begin commissioning in December 2026. Once complete, the facility will
be able to recycle 100% of UBCs to be collected under the future UK
deposit return scheme. This will create a local, fully circular
system that will avoid the need to export scrap from the UK.
"The investment in Latchford strengthens our position in the UK
market as the largest recycler of aluminum," said Allan Sweeney, plant manager of Novelis
Latchford.
"Thanks to technological developments, we will be able to
recycle all types of UBC scrap, fostering low-carbon and
high-recycled content products that support not only our own
ambitious sustainability goals, but those of our customers as
well."
About Novelis
Novelis Inc. is driven by its purpose of shaping a sustainable
world together. We are a global leader in the production of
innovative aluminium products and solutions and the world's largest
recycler of aluminium. Our ambition is to be the leading provider
of low-carbon, sustainable aluminium solutions and to achieve a
fully circular economy by partnering with our suppliers, as well as
our customers in the aerospace, automotive, beverage can and
specialties industries throughout North
America, Europe,
Asia and South America. Novelis had net sales of
$16.2 billion in fiscal year 2024.
Novelis is a subsidiary of Hindalco Industries Limited, an industry
leader in aluminium and copper, and the metals flagship company of
the Aditya Birla Group, a multinational conglomerate based in
Mumbai. For more information,
visit novelis.com.
Forward-Looking Statements
Statements made in this
news release that describe Novelis' intentions, expectations or
predictions may be forward-looking statements within the meaning of
securities laws. Examples of forward-looking statements in this
news release include plans to increase its recycling capacity at
its plant in Latchford by 85 kilotonnes, decrease CO2e by more than
350,000 tonnes for Novelis Europe, and start commissioning in
December 2026. Novelis cautions that,
by their nature, forward-looking statements involve risk and
uncertainty. We do not intend, and we disclaim any obligation, to
update any forward-looking statements, whether as a result of new
information, future events or otherwise. Important risk factors
which could impact outcomes are included under the caption "Risk
Factors" in the company's Form 10-K filed with the Securities and
Exchange Commission for the fiscal year ended March 31, 2024.
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