Leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling Novelis has broken ground on a new USD 50 million recycling center in Busan in South Korea. With an annual casting capacity of 100,000 tonnes of low-carbon sheet ingot, the center is expected to reduce Novelis' carbon emissions by more than 420,000 tonnes each year. A groundbreaking ceremony for the recycling center for Novelis is being built by Ulsan Aluminum, Novelis' joint venture with Kobe Steel. The facility is expected to come online in 2024. Novelis, which operates Asia's largest aluminum recycling center in Yeongju, North Gyeongsang Province, is building the new recycling center to meet the long-term global demand for sustainable, low-carbon aluminum sheet for can, automotive and high-end specialty products. The addition of Ulsan Recycling Center will allow Novelis to increase its recycling capacity by more than 20 percent to 440kt in Korea and to enhance its capability to process different types of aluminum scrap. This is the latest in a string of Novelis' recent investments to increase its recycling capacity globally.