# Novelis to build $50M recycling center in Ulsan, South Korea

Novelis will invest approximately $50 million to build a recycling center at its Ulsan Aluminum joint venture in South Korea, with an annual casting capacity of 100 kilotonnes of low-carbon sheet ingot.

- Type: New facility
- Announced: 2022-02-21
- Where: Ulsan, South Korea, South Korea
- Value: $50.0M
- Starts operating: 2024
- Status: announced
- Capacity: 100 kilotonnes per year
- Products: low-carbon sheet ingot
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novelis](https://endata.com/companies/2475.md)
- [Kobe Steel](https://endata.com/companies/6583.md) (partner)

## Sources

- [investors.novelis.com](https://investors.novelis.com/news-events/press-releases/detail/60/novelis-to-build-new-50-million-recycling-and-casting-center-in-south-korea-to-expand-low-carbon-aluminum-production), 2022-02-21: "Novelis today announced that it will invest approximately $50 million to build a recycling center at its Ulsan Aluminum joint venture in South Korea."
- [lightmetalage.com](https://www.lightmetalage.com/news/industry-news/recycling-remelt/novelis-to-build-new-recycling-and-casting-center-in-south-korea/), 2022-02-23: "Novelis Inc. plans to invest approximately $50 million to build a recycling center at its Ulsan Aluminum joint venture in South Korea."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.