Historically, the aluminum industry has faced a lot of challenges in efficient management of its hazardous waste products, one of them being Spent Potlining (SPL). SPL is a solid waste discharged from the aluminum smelter at a rate of ~1-1.5 MTPA. Because of exorbitantly high treatment costs, SPL is usually stored in specially constructed sites. However, the presence of toxic and corrosive components such as F, CN, Na, Al in SPL poses an environmental threat as they may contaminate the earth’s crust and underground water. Dastur Innovation Labs, in collaboration with Process Metallurgy Research Labs, is working extensively to understand the chemistry of SPL and extract value out of it. Due to its C and F content, SPL can potentially act as: (a) a flux in the nonferrous industry, (b) an alternate to coal in ironmaking blast furnaces (c) a carbon injection source in the EAF. The applicability of these ideas have been explored using both process simulation and small scale experiments, which show promising results.