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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On November 1, 2022, China Hongqiao Group said it would move 2 million tonnes of its capacity to the country’s southwest by the end of next year, as was decided earlier, despite the recent electricity supply disruptions there. The news came after Ron Knapp, adviser to the office of the chairman,...
The Norwegian aluminium and renewable energy company, headquartered in Oslo, Norsk Hydro, was recently honoured with the “Mining & Raw Materials Industry Leadership Award” at the annual S&P Global Platts Global Metals Awards 2022. The Global Metals Awards honour the top performers in the metals...
This week the global primary aluminium industry witnessed a lot of significant events. The ongoing geopolitical conflict between Russia and Ukraine has brought about many changes in the industry. To begin with, on October 24, 2022, Norsk Hydro's CEO and President Hilde Merete Aasheim urged the...
The Norwegian aluminium and renewable energy giant Norsk Hydro reported an adjusted EBIDTA of NOK9,721 million in 3Q2022, a growth of 34.65 per cent from NOK7,219 million recorded for the same period last year, resulting in a 12-month rolling Adjusted RoaCE of 27 per cent. Earnings were positively...
On October 24, 2022, Hilde Merete Aasheim, the President and CEO of the Norwegian aluminium producer Norsk Hydro called on the United States and the European Union to halt importing Russian aluminium onto their territories. According to the Hydro chief, around half of Europe's primary aluminium...
In the search for sustainability, big brands prefer aluminium over other materials in making their products. A great propagator of infinitely recyclable aluminium usage, Ball Corporation has introduced sizes 9-ounce and 12-ounce Ball Aluminium Cup® to their consumer profile which can be very...
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Because commercial manufacturers obtain the products produced here, downstream is one of the most important areas in the aluminium industry. To begin with, for the...
The leading industrial company committed to a sustainable future, Hydro is investing in a 426-meter-long solar fence at its extrusion plant in Offenburg, Germany. The fence is the first of its kind in Germany and will reduce the plant's emissions. By 2030, Hydro intends to reduce its emissions by...
The world’s leading industrial company committed to a sustainable future, Norsk Hydro’s advanced aluminium bridge decking technologies offer many advantages over traditional steel and concrete construction. The Norway headquartered company, Hydro provides two aluminium bridge decking technologies:...
AFRY, a pioneer in engineering, design, and advising services in Europe, has decided to help reduce the climate footprint of aluminium production for Hydro Extrusion Sweden by using Artificial Intelligence (AI). The goal of using artificial intelligence to evaluate production data is to decrease...
Norsk Hydro's local unit, Hydro Paragominas, is investing 590 million reais ($114 million) in the M5 bauxite mining project in northern Brazil's Pará state. Norsk Hydro-owned Hydro Paragominas has contributed significantly to the economic and social development of Paragominas for 15 years and...
On October 6 2022, the Government of Norway presented a budget proposal for 2023, and the draft incorporates several elements affecting Hydro's activities in the Norwegian market. The Norwegian aluminium and renewable energy company Norsk Hydro headquartered in Oslo, produces 9.4 TWh of equity...
Norway-based Flokk, in partnership with Hydro, has designed a chair with the lowest environmental impact, the HÅG Celi. Flokk has utilized the technological expertise of Hydro in making these low-carbon aluminium furniture series. Flokk has been making eco-friendly furniture for over a decade...
The global aluminium industry continues to stay in the limelight again in September. Yes, off-course, Aluminium 2022 - Dusseldorf stands to be a key event that the aluminium industry has been waiting for for some time but was postponed due to the Covid pandemic. However, other than this gala event,...
The global primary aluminium segment witnessed a lot of events. To begin with, on Thursday, September 29, the global aluminium benchmark price saw a dramatic expansion of US$181 per tonne due to the ban on Russian supplies by the London Metal Exchange. As a result of traders' worries about supply...
Hailing from Denmark, VELUX, a global provider of construction variants, has signed an agreement with Hydro to reach a level below 2.0 kg of carbon emitted per kilogram of aluminium by 2030. This partnership will focus on the whole aluminium value chain, particularly on the extruded aluminium...
Norsk Hydro has appointed Trond Olaf Christophersen, Executive Vice President for Corporate Development. As a member of the Corporate Management Board, Christophersen will report to President and CEO Hilde Merete Aasheim. Helena Nonka, who has decided to pursue opportunities outside Hydro, will be...
Falling demand for aluminium billets in Europe due to the adverse European economic condition and rising energy prices has caused the Norwegian aluminium smelter to partially reduce its aluminium production in Hydro Karmøy and Hydro Husnes. The choice will result in a reduction in annual primary...
