Alcoa acquires biggest buyers of recycled cans
John Kalkowski -- Packaging Digest, 9/9/2012 8:05:07 PM
Aluminum producer Alcoa has purchased beverage can recycling company Evermore Recycling, which it describes as the world s biggest purchaser of recycled cans.
Earlier, Alcoa and Novelis were partners in the recycling company, although Alcoa took control of Evermore at the end of August. Its Evermore Recycling is now a part of Alcoa s Global Packaging group and will continue to be based in Nashville, TN, It is far from Aloca s first move into the recycling space.
Since 1960s, the firm has been involved in aluminum recycling, when it started collection centers and transport services to buy old cans from civic organizations. Today about a sixth of Alcoa s aluminum output has recycled content.
The company declared it would invest $10 million for a 10percent equity stake in Electronic Recyclers International (ERI), one of the nation s biggest collectors of e-waste, in March 2010.
To increase the recycling rate of aluminum cans in the U.S. to 75 percent by the year 2015, Alcoa and the Aluminum Association have set a goal, this goal, if met, would save the industry the electricity equivalent of two average-size coal-fired power plants and prevent nearly 12 million metric tons of carbon dioxide emissions a year.
According to the company s 2011 sustainability report, as compared to 2010 levels,Alcoa cut its normalized water use by 4.5 percent last year, however it increased the amount of waste it sent to landfill by 10 percent.
(c) 2012 Euclid Infotech Pvt. Ltd.
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