Constellium to Increase Recycling Capacity in Europe
Constellium SE announced that it is in the advanced planning stages of an investment to increase its recycling capacity in Europe. This project will be
Constellium SE announced that it is in the advanced planning stages of an investment to increase its recycling capacity in Europe. This project will be focused on using recycled material to provide slabs for Constellium’s automotive and packaging businesses in Europe. This strategic initiative is expected to add a minimum of 60 kt of annual capacity to Constellium’s current recycling footprint, which is already one of the largest in the world.
Constellium expects to finalize the scope and location of the project by the end of 2021, which will be dependent upon finalizing engineering and obtaining required permits. Start of production is expected to begin within two years of when construction begins.
Recycling scrap is critical to the aluminum life cycle. Using scrap reduces the need for primary aluminium and therefore minimizes waste, avoids resource depletion, and lowers greenhouse gas emissions across a product’s life cycle. Aluminium is infinitely and easily recyclable, with 75% of all aluminum ever produced still in use today. Using scrap aluminium is also more energy efficient and has a lower environmental impact than primary aluminium. Recycling scrap requires only 5% of the energy used to produce primary metal and delivers up to 95% in CO2 savings when compared to virgin material.
Constellium is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated EUR 5.9 billion of revenue in 2019.