The proposed investment will expand Cressona facility’s casting capacity by more than 50,000 tonnes.
SEATTLE (Scrap Monster): Hydro announced investment of NOK 500 million in its extrusion plant in Cressona, Pennsylvania. The investment is expected to expand the site’s recycling capabilities significantly, thereby providing big boost to production of low-carbon aluminum products. The project is expected to become fully operational by late 2024.
The proposed investment will expand Cressona facility’s casting capacity by more than 50,000 tonnes. It will lead to increased use of pre- and post-consumer aluminium scrap, which in turn will help the plant in achieving 5% reduction in the average carbon footprint of its extrusion billet.
Paul Warton, Executive Vice President for Hydro Extrusions commented that the investment will strengthen the company’s ability to produce innovative alloys and offer products with a high recycled content and lower carbon footprint to its customers. The company expects robust demand for locally supplied greener products in coming years, he added.
The company has been investing big during recent years, as part of efforts to achieve its previously announced sustainability goals. Earlier, the company had announced NOK 270 million investment in Dalles, Oregon recycling facility. Also, it had commenced construction of its 1.4 billion greenfield recycling plant in Cassopolis, Michigan, USA.
Image and article originally from www.scrapmonster.com. Read the original article here.