Hydro signs letter of intent to build aluminum recycling plant in the U.S. – Magnoliareporter
Hydro Aluminum Metallic goals To assemble new state-of-the-artwork aluminum extrusion ingot recycling plant in Cassopolis, MI, a key step in its ambition of doubling recycling of submit-shopper aluminum by 2025.
Hydro signed a Letter of Intent To accumulate a property in Cassopolis for ingots in essential automotive purposes As properly as to completely different transportation and constructing methods.
Magnolia’s Alumax facility is a division of Norway-based mostly Hydro.
The letter between Hydro Aluminum Metallic and landowner Midwest Power and Communications (MEC) Is predicated on Hydro’s intention To assemble a facility in Cassopolis producing 120,000 metric tons per yr from 2023 with round 70 direct staff. The complete enterprise funding is presently estimated to be round $120 million, Counting on final facility design, market circumstances and macroeconomic enchancment.
The Cassopolis greenfield enchancment Can additionally mark The primary huge-scale manufacturing of Hydro CIRCAL extrusion ingot in North America. Distinctive to Hydro, Hydro CIRCAL extrusion ingot incorporates A minimal of 75% submit-shopper scrap licensed by third partworky auditors DNV GL and has a market-main CO2 footprint of solely 2.3 kg CO2e/kg aluminum. The plant will produce these merchandise using a know-how pioneered by Hydro in its amenities at Clervaux, Luxembourg and Azuqueca, Spain.
The energy Can be The primary manufacturing plant located at MEC’s Smartwork Park, a deliberate industrial and enterprise enchancment located in Cassopolis.
Hydro will make the most of direct rail service to convey provides to the plant, serving to To diminish The general carbon footprint of its operations, and plans to partworkner with MEC to supply renewable Electricity for the facility. Hydro goals to make a final funding choice on the deliberate greenfield enchancment in Cassopolis earlier than The prime of 2021.