The plant will be the first fully integrated aluminum plant built in the U.S. in nearly 40 years and will have an initial capacity of 600,000 tonnes of finished goods for the North American beverage packaging and automotive markets. "As a leading global supplier of sustainable and infinitely recyclable aluminum beverage cans, we're proud of our partnership with Novelis, which shares our focus on sustainability and innovation," stated Oliver Graham, CEO, Ardagh Metal Packaging. "Novelis has been part of our story since our founding, and we look forward to the new plant coming online and supporting our continued growth." Novelis expects global demand for aluminum beverage packaging sheet to grow at a 4% compounded annual growth rate between 2023 and 2031. The demand growth is driven by consumer preference for more sustainable products and size variety, as well as more beverage types being packaged in cans, including water, energy drinks, soda, beer, wine, hard seltzers and ready-to-drink cocktails.