Rio Tinto invests CAD 35 million in new aluminum recycling center in Quebec
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Update time : 2022-08-30 17:54:20
Rio Tinto, an Anglo-Australian multinational company, announced last Friday that it would invest CAD 35 million to build a new aluminum recycling facility at its Arvida plant in Saguenay-Lac-Saint-Jean, Quebec.
The facility would recycle clean aluminum scrap from locally used vehicles and construction materials, which would be remelted to produce recycled content applied to aluminum billets at the Arvida smelter and other products at Rio Tinto's Quebec facility.
The recycling center was expected to be operational in the second quarter of 2024 with an initial capacity of 30,000 tons per year.
The investment was understood to be another step in the company's strategy to expand the supply of low-carbon aluminum products and integrate the circular economy into the company's value chain, and would also make Rio Tinto the first primary aluminum manufacturer in North America to incorporate recycled post-consumer aluminum into aluminum alloys.
