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...
Grow with
AL Circle
Norwegian aluminium and energy giant Norsk Hydro, in a recent development, has partnered with Michigan-based recycling firm Padnos, forming the Joint Venture (JV) "Alusort LLC" to make complete utilisation of Hydro's in-house sorting machine, Hysort. This venture will be fundamental in...
Irizar e-mobility, a Spanish firm known for making zero-emission electric vehicles and focusing on providing cities with electromobility solutions, is the first to employ Hydro's recycled aluminium manufactured with green hydrogen in their products. Irizar e-mobility first purchased the customised...
Hydro's CEO Hilde Merete Aasheim, in a recent announcement, has declared that the Norwegian aluminium and energy giant is finally joining the First Movers Coalition. The President and CEO, Hilde Merete Aasheim, exclaimed with glee: "I am proud to announce that Hydro is joining the First Movers...
Norsk Hydro has outlined a new roadmap for its operation and business, focusing more on recycling and extrusions in line with the growing demand for low-carbon aluminium. By 2030, the company is determined to scale up its recycling activities in pursuit of decarbonisation and green transition in...
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...
According to an update on Monday, November 20, Hydro and Glencore’s partnership over Alunorte and Mineracão Rio do Norte (MRN) acquisition has received unconditional approval from relevant competition authorities, including Brazil, China, Germany, and Austria. There remain no regulatory conditions...
The recycled segment of the aluminium industry has been witnessing extraordinary feats in the past few months with the advent of Net Zero and low carbon impact protocols. On November 16, Hydro launched the Cassopolis facility in the United States, 18 months after construction. This facility is a...
Recently, Hydro UK commissioned the renowned and talented artist Andy 'Dice' Davies, who is also the director and founder of the Cheltenham Paint Festival, to paint the factory wall. The project took two weeks to complete, and the results are exceptional. Hydro Aluminium UK excels in aluminium...
On November 16, Hydro launched the Cassopolis facility in the United States, 18 months after construction. This marks the establishment of the company's third greenfield recycling plant inside the United States, with the notable distinction of being the first facility specifically engineered for...
Recycling of end-of-life materials is gaining utter importance in the automobile sector. The primary reasons behind this can be traced back to the fact that the automotive industry is quite raw material intensive. Moreover, once out of the production house and running on the streets, any vehicle...
The pressure is escalating on the United States carmaker Tesla in Sweden from unions supporting mechanics to reach a collective bargaining agreement, with workers at one of Tesla's suppliers poised to initiate a strike next week, amplifying the challenges for the company. Despite not having a...
On November 15, announcements emerged from low-carbon aluminium maker Hydro's headquarters that the company will now aid Watt Electric Vehicle Company (WEVC) in manufacturing their flagship electric vans. The commercial electric van startup will be exploring the feasibility of the Norwegian giant's...
The Kigwabya hydropower plant in Uganda, with a peak power capacity of 4.6MW, has selected Orbinox, a part of the AVK Group, to provide critical valve solutions for its operations. Orbinox has a strong presence in Africa, contributing to over 100 dam and hydropower projects, including the historic...
Hydro Paragominas has come up with a smart solution for managing waste. The company is the country's second-largest bauxite producer and mines in Paragominas, Pará. They have found an innovative way to handle tailings (waste material from mining), which doesn't involve the risky use of tailings...
According to a report on Wednesday, November 1, aluminium smelters in southwestern Yunnan province, China have started cutting production as the dry season sets in. A smelter manager and two analysts have posted that smelters have begun the process of production cut of a total of 1.5 million tonnes...
According to the Shanghai Metals Market report on Tuesday, October 31, Chinese aluminium smelters in Yunnan province are mulling over cutting production in the coming months during the dry season due to reduced hydropower availability. In recent times, many Chinese aluminium smelters have shifted...
The sustainable sector, this week, has seen significant upheavals with Macquarie Asset Management firmly sealing a deal with Hydro, securing the future acquisition of 49.9 per cent of Hydro Rein, the company's renewable energy arm. Hydro and Macquarie Asset Management will jointly own the company...
Lower extrusions and recycling volumes, coupled with bearish alumina and aluminium prices, led to a bigger-than-expected drop in Norsk Hydro’s financial output in the third quarter of 2023 ended September 30. On Monday, October 23, Hydro released its Q3 CY2023 fiscal report, announcing a 15 per...
