Hydro, a global leader in the aluminum industry, has recently inked an agreement to acquire land in Torija, Spain, where it plans to establish a state-of-the-art aluminum recycling plant. This ambitious project, with an annual capacity of 120,000 tonnes, will bolster Hydro's ability to produce low-carbon aluminum and ensure a higher retention of scrap within Europe.The agreement has been forged with a subsidiary of the esteemed Pulsar Properties Group, and the estimated total investment for the venture ranges from EUR 130-140 million, depending on factors such as the final design of the facility, market conditions, and macroeconomic developments. Hydro aims to finalize its investment decision by the conclusion of 2023.Eivind Kallevik, Executive Vice President for Hydro Aluminium Metal, emphasizes the growth of the European and Iberian aluminum markets. He affirms that this investment represents a crucial step towards Hydro's ambition to recycle a greater volume of post-consumer aluminum, enhancing its position to cater to the rising demand for sustainable and circular aluminum.Aluminum possesses exceptional properties, such as its lightweight nature and infinite recyclability without any loss in quality, making it highly suitable for electric vehicle components, renewable energy systems, and energy-efficient building structures.Kallevik stresses the significance of keeping post-consumer scrap within the recycling loop, considering that recycling requires a mere 5% of the energy consumed during primary production. Increasing the recycling of post-consumer scrap presents an opportunity for Europe to secure domestic access to aluminum, a strategic concern in light of the multiple crises confronting the continent.Hydro anticipates a 3% annual growth in demand for aluminum in its main markets until 2030, with the demand for low-carbon aluminum expected to outpace the overall market growth. However, approximately 1 million tonnes of used aluminum scrap currently leaves Europe every year.The recycling facility in Torija will specialize in the production of Hydro CIRCAL and other recycled low-carbon aluminum variants, boasting a remarkably low CO2 footprint of under 4 kg CO2 per kg aluminum.Hydro CIRCAL extrusion ingot, a unique offering from Hydro, contains a minimum of 75% third-party certified post-consumer scrap, with a market-leading CO2 footprint of only 2.3 kg CO2e/kg aluminum. The Torija project will complement Hydro's existing plant in Azuqueca, situated nearby, and expand the range of value-added aluminum products available in the Iberian market.
Hydro, a global leader in the aluminum industry, has recently inked an agreement to acquire land in Torija, Spain, where it plans to establish a state-of-the-art aluminum recycling plant. This ambitious project, with an annual capacity of 120,000 tonnes, will bolster Hydro's ability to produce low-carbon aluminum and ensure a higher retention of scrap within Europe.The agreement has been forged with a subsidiary of the esteemed Pulsar Properties Group, and the estimated total investment for the venture ranges from EUR 130-140 million, depending on factors such as the final design of the facility, market conditions, and macroeconomic developments. Hydro aims to finalize its investment decision by the conclusion of 2023.Eivind Kallevik, Executive Vice President for Hydro Aluminium Metal, emphasizes the growth of the European and Iberian aluminum markets. He affirms that this investment represents a crucial step towards Hydro's ambition to recycle a greater volume of post-consumer aluminum, enhancing its position to cater to the rising demand for sustainable and circular aluminum.Aluminum possesses exceptional properties, such as its lightweight nature and infinite recyclability without any loss in quality, making it highly suitable for electric vehicle components, renewable energy systems, and energy-efficient building structures.Kallevik stresses the significance of keeping post-consumer scrap within the recycling loop, considering that recycling requires a mere 5% of the energy consumed during primary production. Increasing the recycling of post-consumer scrap presents an opportunity for Europe to secure domestic access to aluminum, a strategic concern in light of the multiple crises confronting the continent.Hydro anticipates a 3% annual growth in demand for aluminum in its main markets until 2030, with the demand for low-carbon aluminum expected to outpace the overall market growth. However, approximately 1 million tonnes of used aluminum scrap currently leaves Europe every year.The recycling facility in Torija will specialize in the production of Hydro CIRCAL and other recycled low-carbon aluminum variants, boasting a remarkably low CO2 footprint of under 4 kg CO2 per kg aluminum.Hydro CIRCAL extrusion ingot, a unique offering from Hydro, contains a minimum of 75% third-party certified post-consumer scrap, with a market-leading CO2 footprint of only 2.3 kg CO2e/kg aluminum. The Torija project will complement Hydro's existing plant in Azuqueca, situated nearby, and expand the range of value-added aluminum products available in the Iberian market.
