Atlanta’s rolled aluminium firm Novelis announced this week that its subsidiary Novelis Korea has reached the milestone of recycling 2 million short tons of aluminium beverage cans at its recycling center in Yeongju, Republic of Korea.
The Yeongju Recycling Center, which has been open for a decade, has recycled 133.3 billion aluminium cans since its commissioning. The closed-loop recycling system in place at the plant has saved about 20 million short tons of carbon from entering the atmosphere as a result.
Sachin Satpute, President, Novelis Asia, said in a press release that the firm plans for even more aluminium beverage can recycling in the coming years at the plant.
“Aluminum is an ideal material for the low-carbon circular economy since it is infinitely recyclable and therefore eco-friendly. Novelis will develop more technologies and spur investments to achieve carbon neutrality by 2050.”
The Yeongju Recycling Center recycles over 18 billion beverage cans per annum and boasts an annual production capacity of 340 thousand short tons of low-carbon aluminium sheet ingot. The plant and it’s sixty-day turnaround cycle is fully certified under the Aluminium Stewardship Initiative’s (ASI) certification for sustainable aluminium production.
Novelis is a subsidiary of Mumbai’s Hindalco Industries Ltd. Based in Atlanta, the firm accounts for almost half of Hindalco’s consolidated revenue. The world’s largest recycler of aluminium, Novelis conducts operations in ten different countries, employs around eleven thousand people, and reported US$11.2 billion in net sales for the most recent fiscal year.