Hydro inks long-term anode sourcing agreement with Sanvira Tech for its Norwegian smelters

Norsk Hydro, one of the largest aluminium companies worldwide, has signed a significant agreement with Sanvira Tech LLC to ensure a consistent supply of carbon anodes from Oman for its Norwegian aluminium smelters. The deal stipulates initial offtake duration of 8 years, which may be extended if desired.

It will include a maximum of 25 per cent of the total annual use of about 600,000 tonnes of carbon anodes by Hydro's Norwegian smelters. The anodes will be manufactured at Sanvira's upcoming anode facility in Oman, which is now being built.

The plant is expected to be completed in the first quarter of 2025. Following its completion, the plant will undergo certification and performance testing for Hydro starting in the second quarter of 2025. Hydro sees this partnership as an intelligent way to guarantee the continuous supply of vital aluminium materials, in line with their unwavering dedication to obtaining reliable and diverse supplies of high-quality carbon anodes.

"Hydro fully depends on stable and diversified supplies of high quality carbon anodes to make a material that the world needs. We are confident that Sanvira will be a robust, resilient and cost efficient long-term source of an essential raw material for Hydro's aluminium smelters," said Eivind Kallevik, Executive Vice President for Hydro Aluminium Metal.

Sanvira is a prominent producer of Calcined Petroleum Coke (CPC). The company's combined worldwide capacity is 650,000 metric tonnes per year (MTPA) for producing calcined petroleum coke (CPC) in India and Oman.