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Economic Development Opportunities through Aluminum Recycling

Economic Development Opportunities through Aluminum Recycling. Subodh Das President & CEO, Secat, Inc. Executive Director, Center for a Sustainable Aluminum Industry Director, Center for Aluminum Technology University of Kentucky GOLD Conference August 4, 2005. Sloan Industry Center-

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Economic Development Opportunities through Aluminum Recycling

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  1. Economic Development Opportunities through Aluminum Recycling Subodh Das President & CEO, Secat, Inc. Executive Director, Center for a Sustainable Aluminum Industry Director, Center for Aluminum Technology University of Kentucky GOLD Conference August 4, 2005

  2. Sloan Industry Center- Synergy of Partnership Clark Distributing Co.

  3. Why Aluminum Beverage Can? 1% change in recycling rate has an economic impact of approximately $12 million Trashed cans contribute about $600 million to the nation’s trade deficit each year National Aluminum Beverage Can Recycling Rate Trends. (Source: Aluminum Association)

  4. Recycling as an Economic Development Initiatives • Kentucky has one of the largest concentration of aluminum facilities in the US. • Recycling of aluminum beverage can is crucial in sustaining Kentucky’s aluminum industry. • Most of Kentucky’s aluminum facilities rely on secondary (recycled) aluminum. • Increasing recycling rate will grow existing jobs and bring high paying, knowledge based jobs and modern aluminum plants to Kentucky.

  5. Potential Economic Development Opportunities • By increasing the aluminum recycling rate by 1% • Economic savings $12 million dollars per year • Produces 40 million pounds of aluminum per year • Enables the construction of one recycling plant • Cost of building a recycling plant in Kentucky is $12-15 million dollars, • Employing 120 people • Average salary of $50,000 per year • Contributes to savings of 1 trillion BTU of energy per year • Lowers the national trade deficit by $12 million dollars per year

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