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Costa Concordia's million-dollar recycling plan

The infamous wreck of the Italian cruise ship Costa Concordia arrived at its final destination and is ready for final dismantling, a job expected to take over a year and cost $114 million.

The wreck was towed to Molo ex Superbacino where it will be recycled by the Ship Recycling Consortium — a group formed by Saipem (51 percent) and San Giorgio del Porto (49 percent). These two companies joined forces in September 2012 with the aim of providing green ship dismantling services.

Around 50,000 tons of steel and 2,000 tons of copper are expected to be recovered from the vessel. Prior to arrival at Molo ex Superbacino over 5,700 tons of furniture and interior equipment was removed so the wreck could be towed over the breakwater of the Prà Voltri Port to reach the dismantling dock.

The dismantling and recycling project is being carried out in four separate operational phases requiring up to 250 people at a time. Around 80 percent of the vessel is anticipated to be able to be recycled.

Click here for the full report on the massive project.