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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The global aluminium industry witnessed a volatile month, May 2023, regarding the metal's price. Although there were some price moments, the range remained between USD$100-USD$150. We all know that the global manufacturing sector is in the mode of reducing carbon footprints, so everybody's focus is...
Hydro has announced that existing shareholders of Alumetal can now submit subscriptions for selling their shares in a tender offer relaunched by Hydro, a Norway-based global aluminium and energy group. Subscriptions submission is open till June 30, 2023. As per the report, Hydro is offering PLN...
Plug Power Inc. is providing turnkey hydrogen solutions for the global green hydrogen economy. The company has recently secured three five-megawatt (MW) electrolyser projects with Ardagh Glass Limmared AB, Hydro Havrand, and the APEX Group. This marks the first-ever use of industrial-scale green...
According to Hilde Merete Asheim, the company's chief executive officer, the expanded focus is widening the chances for aluminium producers like Norsk Hydro to market more low-carbon products. Hydro is a leading industrial company that builds businesses and partnerships for a more sustainable...
Rusal, a prominent Russian aluminium company and a top green aluminium producer has approved its 2035 Sustainable Development Strategy. The strategy is to create sustainable non-ferrous metals for the circular economy and low-carbon transition. These assets will be carbon-neutral by 2050 and...
Hydro and Saint-Gobain Glass are on their way to reducing the carbon footprint of building facades in half via the use of combined low-carbon solutions. The businesses are using their one-of-a-kind technology to produce goods with decreasing levels of embodied carbon. In its aluminium facade...
The recycling industry is currently experiencing a high demand due to the increasing importance of sustainability and environmental awareness. Audi, through its MaterialLoop Project, is investigating the process of downcycling, which occurs when recycled materials such as metals or plastics are...
In the midst of growing innovations and experimentation, increased demand for aluminium due to its distinctive properties is rising effectively. Innovative aluminium uses in the industry are developing as customers want eco-friendly and sustainable packaging solutions. To begin with, Lumson is...
Mercedes-Benz recently shared the outcomes of their low-carbon technology roadmap, which was developed in partnership with aluminium producer Hydro. They successfully tested a low-carbon aluminium that contains at least 25% post-consumer scrap and is now incorporating this more sustainable material...
The European Commission (EC) has reportedly approved unconditional merger clearance for Hydro's acquisition of the Polish aluminium recycler Alumetal S.A. In April 2022, Hydro first announced a tender offer to acquire Alumetal with an all-cash transaction worth $240.4 million. But it expired during...
The Medstraum vessel, powered by batteries, was created as part of the TrAM (Transport: Advanced and Modular) project. It has zero emissions and is used for commuting in the Stavanger region, Norway. Its development is paving the way for fast ferries that are environmentally friendly. The vessel...
Norsk Hydro reported first-quarter results for 2023, which ended March 31, indicating a 4.11 per cent year-on-year increase in revenue from NOK 46,616 million to NOK 48,534 million, driven by a steady LME aluminium pricing that began the quarter at US$2,378 per tonne and concluded at US$2,413 per...
Norsk Hydro announced the first quarter results of 2023 ended March 31, revealing a 4.11 per cent year-on-year rise in revenue from NOK 46,616 million to NOK 48,534 million, driven by the stable LME aluminium price starting the quarter at US$2,378 per tonne and ending at US$2,413 per tonne. But...
Global non-ferrous metal prices, including aluminium, witnessed a downfall in April 2023. Despite the fall of aluminium inventories in LME warehouses and also China, prices still remained on the downtrend. The resumption of the Chinese economy during the latter part of the year 2022 anticipated...
Norsk Hydro said on Thursday that it would sell a 30 per cent share in Brazilian alumina refinery Alunorte and a 5 per cent investment in bauxite producer Mineracao Rio do Norte to Swiss miner and trader Glencore. However, in a recent update, Glencore plans to pay about $700 million for the equity...
Norsk Hydro has restarted working on a tender offer process to complete the acquisition of the 100 per cent share of Polish recycler Alumetal S.A. The tender offer was first launched in April 2022 but expired in the meantime. The European Commission’s merger review of the transaction is pending,...
Hydro has struck a deal with Glencore under which Glencore would purchase 30 per cent of the Brazilian alumina refinery Hydro Alunorte and 5 per cent of the Brazilian bauxite production Mineraco Rio do Norte (MRN). Glencore will buy an extra 40 per cent of MRN, now controlled by Vale. Hydro will...
Porsche AG and Norsk Hydro ASA will collaborate to further lower the carbon footprint of Porsche's vehicle models by using Hydro's low-carbon aluminium and extrusions. Porsche will be able to reduce the footprint of aluminium in future vehicle projects by around 3.5 kilograms of CO2 per kilogram...
