Runaya announced that the company is in talks with Hindalco Industries and National Aluminium Company Limited (NALCO) for the establishment of an aluminium dross recycling plant. The company aims to expand its clientele in the domestic market as Vedanta Limited is the only client of Runaya.
“Through the dross processing facility, the manufacturer will be able to recover about 15-20 per cent of additional aluminium which otherwise would have been part of waste material,” Annanya Agarwal, one of the founders of Runaya Group, told Business Standard.
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Runaya has recently set up its first aluminium dross recycling plant at Vedanta’s Jharsuguda smelter facility. The company will now establish another dross-processing unit at Vedanta’s BALCO facility, which is scheduled for commissioning by October.
The company inked a technology licensing pact with Taha International for aluminium dross processing to recover metal and create value add products. “The agreement with Taha (International) is such that we pay them a royalty for this technology license,” said Agarwal.
The company plans to produce 18,000 tonnes of value-added product for FY22 and 24,000 tonnes in FY23.
“The carbon used in our value-added product is different and so for any steel producers to make green steel today or meet their vision carbon neutrality, companies prefer to use Runaya’s value add product,” said Agarwal.
“Steel players are tied up for pick-up of this product and we also are looking at global markets for this product.”
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