Recycled aluminium weekly recap: Hydro announces to invest in a new a state-of-the art aluminium recycling plant at Cassopolis; Nupur Recyclers files draft prospectus for IPO with NSE Emerge
The global aluminium recycling segment has been in the spotlight this week due to a number of events. To begin with, PyroGenesis Canada Inc. joined Aluminium Stewardship Initiative (ASI), as the new General Supporter member. This was followed by the news that the Aluminium Association and the Can Manufacturers Institute coming up with an updated analysis showing the aluminium beverage container's numerous environmental benefits over competitor packaging materials. Consumers recycle aluminium cans at a rate more than twice that of plastic (PET) bottles, according to the research, which updates numerous key performance indicators (KPI) for 2020.
_0_0.png)
On National Recycling Day on Monday, November 15, the Atlanta Hawks and State Farm Arena announced a multi-year partnership with Novelis, the world leader in aluminium rolling and recycling. The partnership has made Novelis an official aluminium recycling and proud sustainability partner on State Farm Arena’s journey to becoming a TRUE zero-waste venue. TRUE stands for Total Resource Use and Efficiency, a standard set by Green Business Certification Inc. (GBCI), the world’s leading sustainability and health certification and credentialing body.
The Aluminium Association and the Can Manufacturers Institute (CMI) have produced an updated analysis highlighting the aluminium beverage container's continuous environmental benefits over competitor packaging materials. As per the study, consumers recycle aluminium cans at more than twice the rate of plastic (PET) bottles, which updates many key performance indicators (KPI) for 2020. Aluminium beverage cans also contain 3X to 20X more recycled content and are significantly more valuable as scrap than glass or PET bottles, making aluminium a primary driver of the financial sustainability of the US recycling system. The closed-loop circularity rate, which evaluates the proportion of recycled material used to go back into the same product – in this example, a new beverage container – is a brand-new KPI in this year's report.
To know more: https://www.alcircle.com/news/aluminium-beverages-can-sustain-as-the-most-environment-friendly-beverage-package-72884
The voice of the European aluminium industry, European Aluminium which is encompassing primary aluminium producers, downstream manufacturers and producers of recycled aluminium has come up with a new report that reveals the European aluminium refining industry is a magnificent example of a modern circular economy business model accredited to its ability to recycle aluminium from multiple scrap streams efficiently. The report further focuses on substantial enhancement in the sector’s carbon emission performance.
To know more: https://www.alcircle.com/news/european-aluminiums-new-report-fortifies-co2-reduction-benefit-of-aluminium-recycling-72896
The UK government's Environment Act has finally got Royal Assent, more than two years after it was initially presented. Environment Secretary George Eustice thinks the Act would offer "the most ambitious environmental programme of any country on earth," outlining the government's sustainability strategy, clarifying environmental governance post-Brexit, and mapping out the transition to a more circular economy. Legislative drivers to end species decrease by 2030, improve air quality, safeguard the health of our rivers, track deforestation, and revolutionise our waste management system are among the key provisions. These improvements will be driven by legally mandated objectives, with the newly formed Office for Environmental Protection holding both the government and public bodies accountable.
To know more: https://www.alcircle.com/news/alupro-welcomes-uk-governments-much-anticipated-environment-act-72900
PyroGenesis Canada Inc. is a high-tech firm that develops, manufactures, and sells sophisticated plasma systems and sustainable solutions for reducing greenhouse gas emissions and waste streams. Aluminium is seen as the "green" metal of the future, a designation that will remain contested until the emissions and hazardous waste problems linked with it are resolved. PyroGenesis is working on a variety of applications with that goal in mind, including salt-free aluminium recovery from dross (using its patented DROSRITETM process), re-purposing of dross residues (post-metal recovery), treatment of spent pot lining (SPL), and electrification of the industry through the use of plasma torches to replace fossil-fuel burners.
To know more: https://www.alcircle.com/news/pyrogenesis-canada-inc-joins-asi-as-the-new-general-supporter-member-72872
Alcoa is working on a technology to convert low-quality aluminium scrap to a purity level that exceeds that of commercial smelters, potentially allowing sources of discarded aluminium scrap, known as Zorba, to be utilised. According to Alcoa, their ASTRAEA process can purify any aluminium scrap to a high enough degree to possibly generate a new value chain. Alcoa's technological roadmap contains elements that will assist the business achieve its objective of creating a sustainable aluminium sector, including the ASTRAEA process.
To know more: https://www.alcircle.com/news/alcoas-astraea-process-can-convert-unused-aluminium-scrap-to-high-quality-products-72921
The leading company in the non-ferrous metal scrap processing and recycling in India, Nupur Recyclers has filed a draft prospectus with the NSE Emerge, the National Stock Exchange of India's new initiative for small and medium-sized enterprises and start-up companies from India, to raise funds via an initial public offering (IPO). Nupur Recyclers is also a renowned name in the field of import of non-ferrous metal scraps such as aluminium Zorba grades, shredded zinc scrap, zinc die-cast scrap and zurik ss scrap.
The United States exported 56,900 tonnes of aluminium scrap to Malaysia in August 2021, which reflected an increase of 11,300 tonnes or 24.79 per cent month-on-month, found the US Census Bureau data. In July 2021, the United States aluminium scrap exports to Malaysia stood at 45,600 tonnes, down by 2,000 tonnes or 4.2 per cent from 47,600 tonnes in June. On a year-on-year calculation, the US aluminium scrap exports to Malaysia stood 37.77 per cent higher than 41,300 tonnes. From January to August, the United States scrap exports to Malaysia amounted to 338,000 tonnes, 32.55 per cent or 83,000 tonnes more than 255,000 tonnes during the same period last year.
According to the US Geological Survey (USGS), the United States imported 16,300 tonnes of aluminium scrap from Mexico in August 2021, showing a month-on-month descends of 1,700 tonnes or by 9.44 percent. In July 2021, 18,000 tonnes of aluminium scrap were imported from Mexico, showing a drop down of 4.25 percent from 18,800 tonnes in June 2021. On a year-on-year calculation, aluminium scrap imported from Mexico in August 2021, moved up by 5,500 tonnes or by 50.92 percent from 10,800 tonnes.
To know more: https://www.alcircle.com/news/us-aluminium-scrap-imports-from-mexico-grow-by-50-92-y-o-y-in-august-2021-72918
Hydro has announced its decision to invest in building a new state-of-the art aluminium recycling plant at Cassapolis, Michigan, which will produce 120,000 tonnes of aluminum extrusion ingot per year. Construction will expectedly start in early 2022, and the operations of the plant to commence in 2023, appointing about 70 direct employees. The project is estimated to involve an investment of $140 million, depending on final facility design, market conditions, and macroeconomic development. Using technologies developed at Hydro recycling plants in Clervaux, Luxembourg, and Azuqueca, Hydro will be able to recycle up to 40,000 tonnes of post-consumer scrap at the new facility.
Grow with
AL Circle
