The development that will include a large-scale aluminum recycling plant will reduce carbon dioxide emissions by 450,000 tons per year and create 2,500 jobs
Serbia’s Deputy Prime Minister & Minister of the Economy, Mladjan Dinkic and Mr. Jan Driessens, former President of American company Ball Packaging Europe, said today that work will begin on constructing a $150 million aluminum recycling plant in the ancient city of Sremska Mitrovica, about 60 miles west of the Serbian capital.
The first phase of the project, called INDUSTRICUM, is set to be completed in January, 2010. It will initially employ 250 people and have the capacity to process 70,000 tons of aluminum per year. Plans call for a build-out of the plant by 2014, when it will have the capacity to process 150 tons of aluminum annually, employ 2,500 people and reduce Serbia’s electricity consumption by an estimated 1 million kilowatt hours a year. The electricity savings will translate to a cut in carbon dioxide emissions by 450,000 tons a year.
The plant, a former pulp and paper mill, will be opened in an industrial park in Sremska Mitrovica. This ‘green’ investment aligns Serbia with other developed countries in Europe, many of which agreed to move forward with environmental protection measures at the recent United Nations General Assembly meeting.