en.Wedoany.com Reported - Alcoa Corporation plans to invest $65 million to expand its smelter in Mosjøen, Norway, increasing casting capacity and introducing post-consumer recycled aluminum for the first time.
This investment will incorporate post-consumer recycled aluminum into the casting process at the Mosjøen smelter, marking the first time Alcoa has used such material in its products. William F. Oplinger, President and CEO of Alcoa, stated that this move positions Alcoa at the forefront of providing low-carbon aluminum while creating long-term value for customers and shareholders. The combination of increased capacity and recycling capabilities makes Mosjøen a cornerstone of low-carbon aluminum supply in Europe.
Since 2020, Alcoa has continuously invested approximately $180 million in the smelter for sustaining operations and return-seeking capital projects, including the installation of a new furnace in April 2022 that uses renewable energy to recycle scrap aluminum. This newly added $65 million investment will expand and upgrade the Mosjøen cast house, increasing capacity by up to 75,000 metric tons per year.
The upgrades include the introduction of a new open mold casting line, melting furnaces, and other cast house modifications. These improvements will give Mosjøen a broader portfolio of casting alloys, offering greater flexibility in ingot sizes and specifications, expanding alloy diversity, and enhancing recycled content production capabilities.
The Mosjøen smelter is one of the largest industrial employers in Northern Norway, with over 700 direct employees and a significant impact on the regional economy. This investment aims to safeguard long-term operations, employment, and expertise in the Helgeland region, while supporting local suppliers and contributing to industrial value creation in Norway.
As a key link in the European aluminum value chain, Mosjøen plays an important role in supplying materials to the EU. This investment reflects Alcoa's response to evolving customer demands, particularly regarding recycled content expectations in the automotive and packaging sectors, while strengthening its competitive position in the European market.
The upgrade project is expected to be completed in phases, with commissioning and ramp-up planned throughout 2028.
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