Plans are now in the works for the construction of a very large aluminum can sheet rolling mill in the Village of Los Lunas, New Mexico.
A capital investment group has announced that it is putting up in excess of $2 billion to build the facility, which will go up on a 1,300-acre site. The project has been hailed by New Mexico Governor Michelle Lujan Grisham, noting that it aligns with efforts to build a renewable energy economy in the state.
“Aluminum that is produced with a low-carbon footprint is in demand as customers continue to push for sustainability, and this innovative new project in Valencia County positions New Mexico to benefit from this industry,” the Governor said in a statement.
The project is being spearheaded by Manna Capital Partners of Louisville, Kentucky; with the Broomfield, Colorado-based Ball Corporation serving as a long-term supplier for the facility.
Support to get the project off the ground is coming through $5 million in Local Economic Development Act funding from the New Mexico Department of Economic Development.
The project is also expected to qualify for Industrial Revenue Bond funding via the Village of Los Lunas.
Talks between interested parties regarding the project have been going on for months, with construction scheduled to launch on the facility towards the end of 2023.
Manna Capital Partners is a private investment firm targeting acquisition and investment opportunities across the country. The Ball Corporation, launched in 1880, is the largest provider of sustainable aluminum packaging in the world.
If all goes according to the announced timeline, the new Los Lunas facility is expected to be completed sometime in 2026.
By Garry Boulard
