Novelis Highlights Significant Progress Towards Carbon-Neutral Future

SEATTLE (Scrap Monster): Novelis, Inc. announced publication of its third Green Bond Report, which showcases major milestones in sustainability projects and notable progress towards a carbon-neutral future. The company announced successful completion of its Green Bond financial commitments.

As per the report, Novelis completed a $2.4 million solar installation at its production facility in Pieve, Italy, which is expected to reduce annual carbon emissions by 1,450 tonnes. The commissioning of the third recycling furnace at its joint venture Alunorf plant in Germany has resulted in expansion of the plant's recycling capacity by more than 50kt per year, thus delivering savings of up to 415,000 tonnes of carbon emissions per year. Also, the construction of the new recycling plant in Bay Minette, Alabama, which is expected to boost the UBC recycling capacity by 15 billion per year, is under progress.

Steve Fisher, president & chief executive officer, Novelis noted that its commitment to sustainability is never ending, even though it has met the spend commitment of Green Bond. The company targets to achieve a carbon-neutral future for aluminum, which it aims to achieve in collaboration with its customers, he added.

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