Hydro has made the investment decision for the construction of a new state-of-the-art aluminum recycling plant producing 120,000 metric tons of aluminum extrusion ingot per year. Construction is set to start in early Q2 2022, with production commencing in 2023. The plant will have approximately 70 direct employees.Unique to Hydro, Hydro CIRCAL extrusion ingot contains at least 75% post-consumer scrap certified by third-party auditors DNV GL and has a market-leading CO2 footprint of just 2.3 kg CO2e/kg aluminum. With a growing focus on sustainably produced aluminum, a number of North American customers have expressed interest in Hydro CIRCAL®.Applications will include critical automotive applications and other transportation sectors, consumer applications and building systems. In anticipation of the capacity at Cassopolis, Hydro will deliver initial quantities of Hydro CIRCAL to US customers from its plant in Commerce, Texas, before the end of 2021. The expected investment is currently estimated to be around USD 140 million, depending on final facility design, market conditions and macroeconomic development. By applying technologies developed at the Hydro recycling plants in Clervaux, Luxembourg, and Azuqueca, Spain, Hydro will be able to recycle up to 40,000 metric tons of post-consumer scrap at the new facility while delivering high-quality aluminum capable of meeting demanding automotive requirements.The investment decision for the Cassopolis plant follows work done by the Hydro organization to mature the project design as well as additional discussions with potential customers and suppliers in the area. Investment is pending final building decision, which is expected in the first half of 2022.
Hydro has made the investment decision for the construction of a new state-of-the-art aluminum recycling plant producing 120,000 metric tons of aluminum extrusion ingot per year. Construction is set to start in early Q2 2022, with production commencing in 2023. The plant will have approximately 70 direct employees.Unique to Hydro, Hydro CIRCAL extrusion ingot contains at least 75% post-consumer scrap certified by third-party auditors DNV GL and has a market-leading CO2 footprint of just 2.3 kg CO2e/kg aluminum. With a growing focus on sustainably produced aluminum, a number of North American customers have expressed interest in Hydro CIRCAL®.Applications will include critical automotive applications and other transportation sectors, consumer applications and building systems. In anticipation of the capacity at Cassopolis, Hydro will deliver initial quantities of Hydro CIRCAL to US customers from its plant in Commerce, Texas, before the end of 2021. The expected investment is currently estimated to be around USD 140 million, depending on final facility design, market conditions and macroeconomic development. By applying technologies developed at the Hydro recycling plants in Clervaux, Luxembourg, and Azuqueca, Spain, Hydro will be able to recycle up to 40,000 metric tons of post-consumer scrap at the new facility while delivering high-quality aluminum capable of meeting demanding automotive requirements.The investment decision for the Cassopolis plant follows work done by the Hydro organization to mature the project design as well as additional discussions with potential customers and suppliers in the area. Investment is pending final building decision, which is expected in the first half of 2022.
