# Rio Tinto invests $29M in new aluminium recycling centre in Arvida

Rio Tinto is investing US$29 million to build a new aluminium recycling facility at its Arvida Plant in Quebec, Canada. The facility will have an initial capacity of 30,000 tons per year, create 10 new jobs, and is expected to be operational in Q2 2024.

- Type: Expansion
- Announced: 2022-08-26
- Where: Arvida, Saguenay-Lac-Saint-Jean, Quebec, Canada
- Value: $29.0M
- Jobs: 10
- Starts operating: Q2 2024
- Status: announced
- Capacity: 30,000 tons per year
- Products: aluminium billets, low-carbon aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md)

## Sources

- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2022-8-26-rio-tinto-invests-in-a-new-aluminium-recycling-centre-in-arvida), 2022-08-26: "Rio Tinto is investing US$29 million (C$35 million) to build a new aluminium recycling facility at its Arvida Plant in Saguenay-Lac-Saint-Jean, Quebec, to expand its offering of low-carbon aluminium solutions for customers in the automotive, packaging and construction markets."

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