Novelis reports massive jump in use of recycled aluminum

Published: Dec 30, 2016 19:48
The company’s recycled input touched 53% during the fiscal year 2016. This is significantly higher when compared with 49% in 2015 and 46% in 2014.

By Paul Ploumis

SEATTLE (Scrap Monster): Aluminum major Novelis has reported significant jump in usage volume of recycled aluminum in its manufacturing process. The company’s latest sustainability report states that recycled aluminum material now accounts for more than half the inputs. The use of recycled content has resulted in minimal use of natural resources, the report stated.

The company’s recycled input touched 53% during the fiscal year 2016. This is significantly higher when compared with 49% in 2015 and 46% in 2014. The company has made a big leap in use of recycled content. The company also made significant progress in reducing water intensity and energy intensity at its facilities worldwide. Across all its facilities, Novelis achieved 22% reduction in water intensity. The Novelis plant in Terre Haute, IN reported almost 30% reduction in water intensity. Increased levels of manufacturing efficiencies have helped the company to achieve 24% reduction in energy intensity.

Steve Fisher, President and Chief Executive Officer, Novelis noted that sustainability is core to the company’s business. The company has demonstrated high levels of sustainability within itself and has tried to spread sustainability values to other partners in the aluminum value chain. The company sees tremendous opportunities in expanding the use of recycled aluminum in order to meet higher standards of energy-efficiency, Fisher added.

The sustainability report notes that increased use of recycled content has resulted in 19% reduction in greenhouse gas (GHG) emissions when matched with the FY 07-09 baseline. As the pace of use of recycled content moderates, the company expects to see moderation in GHG emission reductions. Also, the company does not expect its 2020 energy usage goals. This is mainly on account of the increased overall energy usage due to sharp uptick in automotive sheet production to meet rising demand from automotive industry. The company had recently commissioned the third automotive finishing line at Novelis' plant in Oswego, NY to supply lightweight automotive aluminum.

According to the sustainability report, the company achieved lowest total recordable safety incidents in past three years. Also, the rate of number of days away from work has recorded significant improvement of more than 25% over the previous year.

As part of its sustainability initiative, the company supported nearly 350 community projects at 32 sites spread across 11 countries. The Novelis Neighbor initiative, which focuses on service and charities, helped to make communities safer. The company reported more than $5.5 million in community investments.

Recently, the company’s closed loop programme, REALCAR (Recycled ALuminium CARin partnership with automotive major Jaguar Land Rover (JLR) had won the prestigious automotive and transportation category at the 2016 aluminium trade fair at Düsseldorf in Germany. The company had developed Novelis AdvanzTM s5754 RC aluminium alloy containing up to 75% recycled content. The new alloy, which was first introduced in the Jaguar XE series, is now featured in all new and legacy Jaguar Land Rover models.

About Novelis

Novelis Inc. is the global leader in aluminum rolled products and the world's largest recycler of aluminum. The company operates in 11 countries, has approximately 12,000 employees. Novelis supplies premium aluminum sheet and foil products to transportation, packaging, construction, industrial and consumer electronics markets throughout North America, Europe, Asia and South America. The company is a subsidiary of Hindalco Industries Limited, part of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
16 hours ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.
16 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
16 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.
16 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
16 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.
16 hours ago
Novelis reports massive jump in use of recycled aluminum - Shanghai Metals Market (SMM)