A Leap Towards a Brighter Future: DOE Grant and Our Strategic Investment Plan

April 19, 2024

DOE Grant and Our Strategic Investment Plan

At Golden Aluminum, we’re serious about making a positive difference on our planet. Our continuous cast technology, Nexcast, sets a new standard in sustainability for the entire industry.

Exciting news has sped up our efforts. The Department of Energy has selected us to begin negotiations to receive up to $22.3 million in investments. We feel honored and proud of this recognition, and thankful to our new partner.

However, our vision goes much farther.

Looking to the future, we’ve laid out a strategic investment plan, solidifying our commitment with an incremental investment of approximately $60 million over the next five years to make our vision a reality.

But what does this mean for the industry, our clients, and the GAI family?

Our strategic investment plan will support our growth strategy, increasing operational efficiency with higher quality and safety standards. Strengthening our role and leadership in continuous cast technology for aluminum sheet and producing alloys with industry leading recycled content.

  • Advancing Nexcast technology offers a greener and more efficient alternative for manufacturing secondary flat-rolled aluminum sheet.

 

  • Upgrading our  delacquering kiln and shredding capabilities will broaden the spectrum of scrap sources we can process, improving our ability to increase the recycled content in our products.

 

  • Introducing state-of-the-art low NOx burners offers multiple benefits, including improved air quality, energy efficiency, future regulatory compliance, and enhanced equipment performance, making them a key investment.

These investments will modernize our plant, improving both productivity  and safety, and expand our capacity to 70 million pounds by 2028 while improving product quality.

How does Nexcast shape the industry’s future?

Sustainability and Social Responsibility

Nexcast technology is essential in advancing decarbonization within the aluminum industry. It sets a new standard in recycling efficiency, significantly reducing carbon emissions, water and energy consumption that outperform traditional DC mills.

Nexcast is the most versatile aluminum continuous casting technology available on the market today with the ability to produce most alloys and flat rolled products.

The Facts:

To our dedicated team and valued customers, we appreciate your trust and partnership. You are the foundation of our success. As we enter this thrilling chapter of our history your ongoing support fuels our mission. We are creating a legacy of excellence and sustainability that will last. Thank you for being a crucial part of our journey towards a brighter, more responsible future.

We sincerely express our gratitude to the DOE for their partnership on this path, demonstrating solid backing for our efforts to promote decarbonization within the aluminum industry.


Team Golden Aluminum
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