The groundbreaking ceremony on 1 September 2022 marked the construction of Hydro’s new aluminium recycling plant in Szekesfehervar in Hungary. The new facility will have annual capacity of 90,000 tonnes and is expected to start production in Q1 2024. The total investment is expected to be around EUR 88 million and will create about 80 new jobs.The aluminium plant will be built alongside Hydro’s aluminium extrusion plant in Szekesfehervar and produce advanced alloys for extrusions used in the premium automotive segment. Using only 5% of the energy originally needed to produce the metal, the plant will also provide customers with the opportunity to close the loop by taking back both production scrap and post-consumer scrap, which is recycled into new products.The Hungarian extrusion plant mainly serves automotive customers, and the ability to offer closed loops is helping carmakers and customers from other industries to reduce the carbon footprint of their products. Closed loop recycling uses and reuses materials that can be continuously recycled, without loss of qualities and with less energy or resources. In a closed loop, production scrap is collected and sent directly back to the recycling plant from manufacturers. With the recycling operation alongside the extrusion plant, one transportation leg is removed, the supply chain is optimized, and waste is limited to a minimum. The recycled aluminium goes right back into the production of advanced car components.Hydro RESTORE is a range of aluminium products made locally from a combination of recycled pre-consumer scrap, recycled post-consumer scrap and primary aluminium. Once the scrap is collected, it will be melted, cast into a new billet at the recycling facility and return as input material for use in new products.Hydro Extrusion Hungary is Hydro’s largest and most advanced extrusion plant in Europe, with six aluminium presses, several surface treatment technologies and over 300 fabrication machines. The 60,000-tonne plant is mainly growing in the e-mobility segment.