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THINK ALUMINIUM THINK AL CIRCLE
The global aluminium value chain has witnessed some of the best events in the month of July 2022. The aluminium industry's downstream, end-user and recycling segment has produced the top stories in the month. Nestle, the world's largest food and beverage company, has shown that they follow the path of sustainability by rolling Starbucks at Home's coffee capsules made from 80% recycled aluminium. Aluminium is an infinitely recyclable material that acts as a boon for the company as its production process will require less energy. While in Europe, the geopolitical crisis has created a massive dent in the aluminium industry regarding supply chain and production curbs. But the most vital is the European gas supply, which is encountering a big time issue in the decade. In Germany, the energy-intensive sectors are raising lobbying efforts to prevent fuel rationing in a gas emergency. The German aluminium industry is also a part of it, as there is no easy way to replace gas on short notice.
The senior presidential advisor to the Akufo-Addo Administration, Senior Minister Yaw Osafo Maafo stated that Ghana can generate 100,000 jobs from a $10 billion loan agreement with China. In 2017, the Chinese government committed a sum of $15 billion to support developmental projects in Ghana.
To know more: https://www.alcircle.com/news/ghana-s-bauxite-industry-foresees-10-billion-chinese-investment-80869
The Romanian aluminium giant Alro stated that the nation's sole alumina refinery, Alum, located in Tulcea, plans for a temporary production halt by putting the cause of 'prohibitive' energy prices. The Tulcea plant will lay off some 500 employees. Still, it will maintain a core group of specialists to carry out R&D, logistics, maintenance, and repair work, in preparation for a quick restart of production once energy market conditions return to normal.
The Alcoa-owned Portland Aluminium smelter, Australia's second-largest aluminium producer, is in talks with Aloft Holdings, a Dutch company run by an Australian investment banker. According to our report, people familiar with the situation stated, that Aloft Holdings which was floated in November 2021 to buy and run aluminium assets globally, has done the assessment of the Portland aluminium smelter and has been in dialogue with American Industrial Corporation, Alcoa’s Australian assets for months in regards to a potential deal.
To know more: https://www.alcircle.com/news/aloft-holdings-may-acquire-alcoas-portland-aluminium-smelter-in-australia-80934
The aluminium industry is a highly energy-intensive sector and the German aluminium industry is getting ready for the extreme situation in the aspect of the uncertainty in the gas supply. The aluminium industry in Germany employs over 60,000 people from around 240 companies. With companies such as Hydro Aluminum, Speira, and Trimet Aluminum, the industry recently reported sales of almost 22 billion euros.
To know more: https://www.alcircle.com/news/gas-crisis-german-aluminium-industry-prepares-for-the-worst-draws-up-contingency-plans-80895
Now, the use of aluminium as an energy source in electric vehicles will be possible in India, thanks to the partnership of Hindalco, Phinergy and IOC Phinergy. According to a report on July 18, Aditya Birla’s flagship company Hindalco has signed an MoU with Phinergy, an Israel-based company engaged in metal-air battery technology, and IOC Phinergy, a JV between Phinergy and Indian Oil Corporation, to conduct R&D and start pilot production of aluminium plates for Aluminium-Air batteries.
On July 1, the Chief Executive Officers of prominent breweries in America wrote a letter to US President Joe Biden, pleading to halt tariffs imposed on aluminium. Since the imposition of tariffs in 2018, it has cost the industry more than $1.4 billion. As per the letter, the beer sector consumes more than 41 billion aluminium cans yearly.
To know more: https://www.alcircle.com/news/ceos-of-major-breweries-in-america-plead-joe-biden-to-halt-aluminium-tariffs-80908
New York-based refreshing coconut water brand Vita Coco has released its strongest and tastiest coconut water in 16.9-ounce aluminium cans. This is the company’s very first ready-to-drink juice, and with this product, Vita Coco ventures into the refreshing drinks genre. The use of aluminium cans will aid in the preservation of the edible product inside since it does not allow any direct sunlight penetration, in turn extending the shelf-life of the can.
To know more: https://www.alcircle.com/news/vita-coco-launches-its-first-packaged-coconut-juice-in-sustainable-aluminium-cans-81975
Nestlé breathing high on environmental issues has declared that the coffee capsules from its luxury brand, ‘Starbucks at Home’ by Nespresso are made out of 80 per cent recycled aluminium. The company is on a quest to transform all of its packing materials into 100 per cent recyclable or reusable products by 2025 and this might be a very calculated move towards sustainability.
To know more: https://www.alcircle.com/news/nestle-launches-starbucks-at-home-coffee-capsules-made-from-80-recycled-aluminium-81983
The German multinational manufacturer of Luxury vehicles, BMW Group, pursues to cling to its zealous sustainability goals and will restrict its carbon emissions by 40 per cent per vehicle by 2030 crosswise the complete value chain equating to 2019.
To know more: https://www.alcircle.com/news/bmw-calls-for-secondary-first-to-achieve-climate-neutrality-82101
On Friday, July 8, Hydro announced that it broke ground this week to mark the start of the expansion work of its aluminium recycling plant in Rackwitz, Germany. The project will require around EUR 40 million of investment to produce 25,000 tonnes of HyForge per year, increasing the use of post-consumer, end-of-life scrap.
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