Novelis Inc, a wholly-owned subsidiary of Hindalco, will invest USD 365 million in building a highly advanced recycling centre for automotive in the US.
The new facility, expected to come up next to its existing automotive finishing plant in Kentucky, will help cut carbon emissions by more than one million tpa.
The new facility will help grow closed-loop recylcing programme and expand the automotive customers base in North America. In closed-loop recycling, the aluminium from automotive parts is recycled to produce the same product for new vehicles.
The facility will also have the capacity to process aluminium from vehicles at the end of their lifecycle that will help reduce the carbon footprint.
Once the facility becomes fully functional, it is likely to generate 140 new jobs in Kentucky.