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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Norsk Hydro, a renowned global aluminium recycling company, has recently announced a £35 million investment in its Wrexham plant, which will create 30 new jobs and double its recycling capacity. With the planned expansion, the plant's capacity to recycle will go up to 103,000 tonnes annually,...
Macquarie Asset Management has signed an agreement with Hydro relating to the future acquisition of 49.9 per cent of Hydro’s renewable energy company Hydro Rein. Through the agreement, Hydro and Macquarie Asset Management will form a joint venture (JV) where Hydro will own the remaining 50.1 per...
The Norwegian government's national budget proposal, unveiled on October 6, contains various components that have implications for Hydro's activities within Norway. Of these, the most notable and concerning one pertains to the CO 2 compensation scheme. Hydro is surprised and expressed...
Hydro Energi AS, a core part of Norsk Hydro, has reportedly inked a long-term power purchase contract with Fortum, a Nordic energy company. As per the agreement, the latter will supply 0.44 TWh per year of energy to Hydro’s Norwegian aluminium plants, with effect from 2024. It is a 13-year contract...
The chief executive officer of the Norwegian aluminium giant conveyed to one of the most recognised international news agencies that Hydro anticipates a rapid increase in demand for its low-carbon aluminium in the coming years. Furthermore, Hilde Merete Aasheim, the CEO, noted that US customers are...
Hydro is responsible for operating and maintaining three bauxite residual facilities located at the Schwandorf legacy site in the eastern region of Bavaria, Germany. The site contains remnants from the operational activities conducted by VAW, a German aluminium company, from the 1930s to the 1990s....
Hydro Energi has entered into a long-term power purchase agreement (PPA) with Alpiq, involving the comprehensive supply of 1.18 terawatt-hours (TWh) of energy for the duration spanning from 2024 to 2032. The Power Purchase Agreement (PPA) will be incorporated into Hydro's power portfolio in Norway,...
The leading Norwegian aluminium company committed highly to a sustainable future, Norsk Hydro, will showcase its work with designer Lars Beller Fjetland at the London Design Festival, highlighting how collaborations may help make the metals sector more sustainable. Hydro and Fjetland collaborated...
Hydro unlocks new achievement by opening its new HyForge casting line at Hydro's aluminium recycling factory in Rackwitz, Germany. The 40 million EUR investments respond to the automobile industry's push to reduce carbon emissions by boosting the use of recycled, post-consumer aluminium waste. The...
Major changes are on their way in the primary aluminium sector, with the world advocating the need to incorporate more and more renewable energy systems into the equation. Shell Energy and Hydro have inked a significant three-year agreement aimed at decarbonising Hydro's UK operations. Under the...
Hydro has planned to invest heavily in Alumetal's recycling facility, and this will be the first such instance after the Norwegian aluminium giant took over the company. This new investment will be crucial in switching the prevailing furnaces and ingot casting units with the latest, ultra-advanced...
Hydro has agreed to a three-year deal with Shell Energy to assist in decarbonising its UK operations. The arrangement is for an annual supply of 56 GWh of electricity and 144 GWh of gas to Hydro's UK operations. By implementing this contractual agreement, Hydro successfully reduced its Scope 2...
Leading aluminium companies worldwide are looking for greener ways to run their patented production line. Recently, Norsk Hydro announced that it will switch from fossil fuel to biomethane for optimising its existing lines in Sunndal aluminium smelter. This big step will impel Hydro's journey...
Hydro’s Head of aluminium plants, Ola Sæter has described how the aluminium giant is planning to curtail unnecessary operational expenditures through the instalment of sensor-based LED lighting systems in its smelters. These latest energy efficiency measures might save up to 90% of energy costs...
Aluminium has piqued the interest of industry professionals as a lightweight, recyclable metal with applications ranging from car and aircraft engineering to infrastructure and construction. Most aluminium goods may be recycled for decades, earning the title of 'green metal.' But despite all of its...
On Wednesday, August 30, Norsk Hydro announced that its aluminium smelter in Sunndal would start using local, sustainable bioenergy instead of fossil fuels to curb carbon emissions from the production process. It would be a momentous step towards achieving zero emissions after reducing greenhouse...
According to a recent report, Citigroup Inc., an American multinational investment bank and financial services corporation, has bought about $160 million worth of Russian aluminium, produced at Rusal, from the London Metal Exchange. Russian-origin stocks in LME-registered warehouses have been...
The end-user aluminium sector has been exposed to the unparalleled application of technology in recent years, with big companies turning their production lines more sustainable under the global ESG rules. Hydro is ruling the sector with its innovative yet eco-friendly approaches in the industry....
