Novelis: Firmly on track to achieve interim recycling goal of 50 percent by 2015

Source: Novelis Inc.

Atlanta, Georgia — Novelis, the world leader in aluminum rolling and recycling, has published its Fiscal Year 2014 sustainability report, which shows the company is making significant investments and strides to advance the circular economy and increase the sustainability of its business, the aluminum industry and its broader value chain. „Adding More Aluminum, Creating Value“ details Novelis‘ efforts to increase its recycling capacity and the recycled content of its products to 80 percent by 2020, which requires less dependence on higher-carbon primary aluminum and more focus on innovation and technology to accelerate the use of recycled aluminum.

Novelis‘ transformational business model, which is built on closed-loop recycling, comes at a time when aluminum demand is high and the industries that Novelis serves – automotive, beverage can and specialty markets – are increasingly calling for lighter weight, low-carbon materials.

Shift to more recycled aluminum

„We’re leading the industry to harness the sustainability potential of aluminum as a lightweight, infinitely recyclable metal,“ said Phil Martens, Novelis President and Chief Executive Officer. „We’re still early in our journey – and that includes Novelis shifting to more recycled aluminum, which avoids 95 percent of the energy use and greenhouse gas emissions associated with primary production.“

Since 2011, Novelis has invested approximately $2 billion to expand recycling and production, doubling its recycling capacity to 2.1 million metric tons per year. Novelis recently grew its recycling network when it opened the world’s largest aluminum recycling center in Nachterstedt, Germany, which will process up to 400,000 metric tons of aluminum scrap annually.

On track to hit 50 percent

At the end of Fiscal Year 2014, Novelis achieved 46 percent recycled content of its aluminum inputs, up 16 percentage points from the baseline years of 2007-2009 and is on track to hit 50 percent by the end of the year. This means the company is providing its customers with aluminum sheet with ever-lower embedded carbon which, in turn, reduces its customers‘ carbon footprints. A core area of focus of the company’s innovation efforts is the development of highly recyclable alloy compositions.

„Sustainability is core to our business strategy, and sustainability thinking is fully integrated into our brand,“ said John Gardner, Novelis Chief Sustainability Officer. „We are working with our customers and partners on life-cycle issues to improve sustainability performance, from design to post-consumer recycling. We often want to move faster and further than some of our stakeholders, so we continue to make the case for the shared benefit of a stronger circular economy.“

Ability to serve the automotive industry

A key component of Novelis‘ transformation is a dramatic expansion of its ability to serve the automotive industry, the fastest-growing market for its products, as automakers increasingly turn to lightweight vehicles that are more fuel-efficient vehicles with fewer emissions. Novelis invested $550 million to triple its automotive sheet capacity to serve growing demand and recently opened China’s first plant dedicated to the production of advanced heat-treated aluminum automotive sheet. Novelis works with its automotive customers to implement closed-loop manufacturing processes, taking back production scrap from automakers then re-melting it, casting it and rolling it again.

Novelis‘ leadership in the low-carbon circular economy was recognized earlier this year by the World Wildlife Fund (WWF), which accepted Novelis to join its prestigious Climate Savers Program. Novelis is the first and only metals company to be part of this program, an exclusive initiative of WWF to encourage companies to reduce their operational carbon footprint and act as agents of change within their sphere of influence.

Source: Novelis Inc. / PRNewswire