European value-added aluminium firm Constellium NV announced last week a new project to increase its aluminium recycling capacity on the continent by 60 thousand metric tons per annum, bumping its aluminium recycling capacity that is already the highest in Europe.
Constellium did not reveal a cost for the project, but it does expect to have a scope and location for the project finalized by year’s end.
Constellium CEO Jean-Marc Germain elaborated upon the firm’s rationale for the project in a related press release.
“We are excited about the potential to increase our recycling capacity in Europe. We already benefit from the inherently sustainable aspects of aluminium, including its strength, its light weight, and its infinite recyclability. An investment in expanding our recycling capacity is a strong demonstration of our commitment to sustainability. I expect this will be a meaningful contributor to both our financial and ESG objectives over time. Furthermore, aluminium is at the epicenter of several sustainability mega-trends across our packaging, automotive, and transportation end markets. As a result, our customers are increasingly demanding products that are sustainably and responsibly produced. We expect this investment will provide opportunities for Constellium to expand its low-carbon product offerings to meet customer needs.”
The firm noted that recycling aluminium requires only 5 percent of the energy that producing primary aluminium from bauxite ore does. About 75 percent of all aluminium produced to date is still in circulation, the firm notes, and recycling aluminium can reduce CO2 emissions by up to 95 percent over primary aluminium production.
Constellium, based in Amsterdam, was founded 1855 as Henri Merle et Compagnie and subsequently renamed Pechiney in 1950. Pechiney was purchased by Alcan in 2003, which was purchased by Rio Tinto in 2007. In 2011 Rio Tinto sold Alcan Engineered Products to Apollo Management (51%) and FSI (10%). Constellium produces rolled and extruded aluminium products from various alloys, bringing in €5.9 billion of revenue in 2019.