Abengoa signs an agreement with Novelis to manage all drosses from the plant that the North American company is building in Nachterstedt, Germany
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130409:nPnNY91369 - Abengoa will manage the aluminum residues at the new facility that it will build in the town of Bernburg, in the east of the country, and which will involve an investment of approximately €30 million. SEVILLE, Spain, April 9, 2013 /PRNewswire/ -- Abengoa, an international company that applies innovative technological solutions for sustainable development in the energy and environment sectors, through its industrial waste recycling division, Befesa, has signed an agreement with Novelis, specialized in the production of flat aluminum products, to manage all of the aluminum drosses from the recycling plant that the North American company is building in Nachterstedt, Germany. Therefore, Abengoa is going to build an aluminum recycling plant in the town of Bernburg, in the region of Saxony-Anhalt in the east of the country, which will involve an investment of approximately €30 million. The new Abengoa facility will produce 50,000 tons of aluminum casting alloys and, in addition, by recovering the aluminum, will manage all of the drosses from the largest recycling plant in the world that Novelis is building in Nachterstedt. Then it will return the recovered aluminum to Novelis, so that they can reuse it for laminated products. In addition to the significant investment and technological development that it means for the area, it is estimated that the new German aluminum waste recycling plant will create around 65 jobs between the direct and indirect jobs involved in this activity. The new Abengoa plant will also bring significant environmental benefits. The facilities will be designed and operated using the safest and most sustainable technology for recycling aluminum. In addition, it will include the latest industry-related technological developments leading to the highest standards of productivity in the industry. When the plant is put into operation in the first quarter of 2014, Abengoa will have nine recycling plants in Europe. The total processing capacity will be 1 million tons of aluminum waste (about 400,000 tons of scrap, slag and aluminum chips, and 600,000 tons of salt slag). With this new project, Abengoa will become the leading company in integrated aluminum waste recycling in Germany and will reinforce its position as the European leader in this sector. In this way, Abengoa will consolidate its growth model based on the know-how and sustainability of its processes, offering technologically innovative solutions tailored to the needs of its customers and suppliers. AboutAbengoa Abengoa (MCE: ABG) is an international company that applies innovative technological solutions for sustainable development in the sectors of energy and the environment, by generating electricity from the sun, producing biofuels, desalinating sea water or recycling industrial waste. (www.abengoa.com) Communications department: Relationship with investors Patricia Malo de Molina Melendez Barbara Zubiria Furest Tel. +34 954 93 71 11 Tel. +34 954 937 111 E-mail: email@example.com E-mail: firstname.lastname@example.org You can also follow us on Twitter, LinkedIn, and on our blog. SOURCE Abengoa