Hydro Energi and Statkraft have signed a long-term power purchase agreement (PPA) securing an annual electricity supply of 876 GWh from 2031 to 2040. The agreement will provide Hydro with around 8.8 TWh of power during the contract period, with deliveries planned in Norway’s electricity price area...
The future of Bell Bay Aluminium smelter in Tasmania remains dependent on the outcome of negotiations over its electricity supply agreement. Federal Industry Minister of Australia Tim Ayres has stopped short of committing federal funding similar to the support extended to the Tomago aluminium...
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Alumetal, a Polish recycling company, has successfully taken the Environmental Product Declaration (EPD) for its recycled foundry alloy aluminium products. Image Source: Hydro "By applying industry-leading practices, Alumetal is able to turn trash into treasure. The product declaration not only...
With the rising demand for hydropower as an alternative to fossil fuels, Iceland undertook the development of the Kárahnjúkar hydropower plant in the eastern Highlands to support the Alcoa aluminium smelter, built simultaneously. Image source: Stantec Iceland's largest industrial development...
Aluminum plays a crucial role in the global economy, and the increasing demand for this green metal highlights its enduring importance. Despite occasional setbacks or fluctuations, the market for aluminium remains resilient. The upstream aluminium sector, which includes bauxite, alumina, and...
Norsk Hydro, a Norwegian aluminium and renewable energy company, has released its third quarter and nine-month results, reporting a satisfactory fiscal performance driven by increased alumina and aluminium prices. Meanwhile, the downstream sectors are navigating challenging core markets, offering a...
Hydro has decided to reduce its stake in Vianode, a synthetic graphite producer based in Norway, from 30 per cent to 19.9 per cent. On September 6 , private equity fund Altor exercised a put option requiring Hydro to buy an additional 20 per cent of Vianode. However, this transaction did not...
Mozambique's largest industrial player, Mozal, is promoting its aluminium as 'green,' a claim that could help it avoid the looming European Union (EU) carbon border tax. However, doubts have emerged about the legitimacy of these claims, raising concerns about the future of one of the world's...
Hydro Energi AS has entered into a long-term power purchase agreement (PPA) with Skellefteå Kraft AB to supply 2 TWh of renewable energy to Hydro's Norwegian aluminium plants from 2025 to 2032. This agreement ensures Hydro will receive 2 TWh from Skellefteå Kraft's SE2 portfolio over the next eight...
Norsk Hydro, the Norwegian aluminium and renewable energy company, has signed a letter of intent with Dutch yacht builder Vaan Yachts BV to advance circularity in the yachting industry. Building on five years of collaboration, the two companies aim to develop aluminium sheet material for Vaan's...
Norsk Hydro has announced the appointment of Erik Fossum and Jeff Lehman as unit president of aluminium extrusion units in Europe and North America. Extrusion Europe is the largest business unit in Hydro Extrusions, with 8,300 employees. Extrusion North America is the second largest unit, with...
Hydro introduces a 12-inch indirect extrusion press, invalidating two older presses in Cressona, Pennsylvania, where the capacity of the recycling facility has also been expanded to an additional 50,000 tonnes. The NOK 1 billion investment goes into taking forward the company's effort to create...
On October 2, the Norwegian aluminium giant celebrated the expansion and relocation of its Hydro Aluminum Technology Centre (HATC) from Zeeland, Michigan, to Cassopolis, Michigan. This newly expanded facility, situated next to the cutting-edge aluminium recycling plant that Hydro inaugurated in...
Alusort LLC, a 50/50 joint venture between Hydro and PADNOS, has launched operations of its new aluminium scrap sorting line, utilising cutting-edge HySort technology at PADNOS’s facility in Grandville, Michigan. This new line will supply Hydro’s recycling plants in Cassopolis and Henderson with...
Hydro has announced plans to construct a new pumped storage power plant in Luster Municipality, Norway. Construction is set to commence in 2025, with operations expected to begin in 2028 or 2029. Currently, Hydro produces aluminium in Norway with a carbon footprint approximately 75 per cent lower...
The Norwegian aluminium and renewable energy company Norsk Hydro has extended its strategic partnership with the luxury automotive giant Mercedes-Benz to collaborate on a long-term initiative aimed at fostering positive social and environmental impacts in the Brazilian Amazon. Focussing on the...
According to the International Aluminium Institute (IAI), alumina production in the Americas totalled 1.179 million tonnes in July 2024, with 83.88 per cent contribution from South America and 16.12 per cent from North America. Unlike the primary aluminium sector, South America dominates the...
On September 11, 2024, Hydro announced the commissioning of a new aluminium recycling plant in Szekesfehervar, Hungary, with an annual capacity of 90,000 tonnes. The plant will produce recycled aluminium products to meet the growing demand for secondary metals in the automotive sector. Initially,...
On September 6, Altor, a private equity fund, exercised its put option, obligating Hydro to acquire an additional 20 per cent stake in Vianode. This transaction results in both Altor and Hydro holding equal 50/50 ownership stakes. Why the put option A put option is a financial contract that grants...
World's largest alumina refinery (outside China), Hydro Alunorte's recent fuel switch project is a key step towards Hydro's climate strategy and aligns with its global commitment to cut greenhouse gas emissions by 30 per cent by 2030. As per the reports, Hydro Alunorte's alumina refinery has begun...
