Novelis, based in Atlanta, will move into Phase 2 expansion of its recently-opened operation in Todd County, Kentucky. The aluminum producer and recycler is investing about $365 million to construct a new recycling center that will create 140 jobs for local residents, according to reporting by ABC 36, WTVQ.

“I had the chance to join Novelis for the grand opening of the company’s automotive aluminum finishing plant just over two months ago, said Gov. Andy Beshear, “and its leadership’s decision to quickly move forward with plans for expansion is tremendous news. Novelis is proving to be a great fit for Todd County and the surrounding area, and I am eager to see the company continue to grow for years to come.”

Novelis will construct a new sheet ingot casting, shredding, and recycling center with annual capacity of 240,000 tons to serve the automotive market. The new facility is expected to reduce Novelis’ carbon emissions by more than 1 million tons each year and enable the company to grow its automotive recycling programs in North America.

The Kentucky Economic Development Finance Authority (KEDFA) has preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $5 million in tax incentives based on the company’s investment of $364.2 million and annual targets of (1.) creation and maintenance of 138 Kentucky-resident, full-time jobs across 15 years and (2.) paying an average hourly wage of $38 including benefits across those jobs. KEDFA also approved Novelis for up to $4 million in tax incentives through the Kentucky Enterprise Initiative Act (KEIA).