Abengoa SA’s Befesa Signs an Agreement to Manage All Drosses from the Plant in Germany-DJ

Dow Jones reported that Abengoa SA, through its industrial waste recycling division, Befesa, has signed an agreement with Novelis Inc, to manage all of the aluminum drosses from the recycling plant that Novelis 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 Germany, which will involve an investment of approximately EUR 30 million. The new Abengoa facility will produce 50,000 tons of aluminum casting alloys and by recovering the aluminum, will manage all of the drosses from the recycling plant in Nachterstedt. 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).