Presentation is loading. Please wait.

Presentation is loading. Please wait.

Economic Development Opportunities through Aluminum Recycling Subodh Das President & CEO, Secat, Inc. Executive Director, Center for a Sustainable Aluminum.

Similar presentations


Presentation on theme: "Economic Development Opportunities through Aluminum Recycling Subodh Das President & CEO, Secat, Inc. Executive Director, Center for a Sustainable Aluminum."— Presentation transcript:

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? National Aluminum Beverage Can Recycling Rate Trends. (Source: Aluminum Association) 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

4 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. Recycling as an Economic Development Initiatives

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


Download ppt "Economic Development Opportunities through Aluminum Recycling Subodh Das President & CEO, Secat, Inc. Executive Director, Center for a Sustainable Aluminum."

Similar presentations


Ads by Google