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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Slovalco Aluminium, Slovakia’s only aluminium producer, is about to terminate its primary aluminium production line by the end of September 2022. Hydro owns majority stakes at the aluminium plant and has declared that the regular recycling operations will continue. The head of Hydro’s primary...
Hydro's aluminium extrusion facility at Spanish Fork, Utah, became the first location in the United States to be powered by 100 per cent renewable energy. The aluminium extrusion facility entered into a long-term agreement of eight years in July with the City of Spanish Fork and the Utah Municipal...
According to a report on August 10, the Aluminium Stewardship Initiative has renewed the Performance Standard Certification for Hydro Extrusions through May 2025. It covers 47 sites, of which two-thirds are certified against the ASI Chain of Custody certification. ASI Performance Standard...
The recycled sector is of activities as residual items from the upstream sectors flow through this genre to be sorted and revitalised again. Runaya Refining, which was founded in 2017 by Annanya Agarwal and Naivedya Agarwal, entered the aluminium dross market and now has attained credit ratings of...
Aluminium as a metal is not just strong or sturdy but also holds the highest recyclability character. It can be recycled multiple times without losing its actual attributes. And a key part of Hydro's plan for a sustainable future is effectively recycling pre- and post-consumer aluminium scrap ....
As per the latest reports, on July 29, line 2 at Hydro's partially-owned aluminium facility in Brazil, Albras, was resumed fully. The production line was closed on February 19, 2022, due to an internal power distribution failure. A full closure of line 2 caused by the power outage resulted in a 25...
The global aluminium recycled sector is one of the most important sectors of the metal industry. With carbon emission reduction or an eco-friendly environment being the need of the hour, top companies like Hydro, BMW, etc., are looking for ways to achieve the same. BMW Group, a German multinational...
The Central European nation, Slovakia's sole aluminium producer, Slovalco, which Hydro majorly owns, will be laying-off its maximum number of employees due to higher fuel and emissions constraints and lower aluminium prices. As a result, the company's stakeholders are considering shutting down its...
Hydro's recent investment of NOK 150 million ($15 million) into its Henderson factory in Kentucky highlights the urge of the automobile industry to shift towards a more sustainable and eco-friendly environment. This investment will strengthen Hydro's position as North America's top producer of low...
Recycling is proven to be more of a need than a cause for concern in the socio-economic climate of today when the world is buzzing with issues like a growing global population, rising carbon emissions, rising energy expenses, and a scarcity of feedstock. And aluminium as a metal is considered to be...
Hydro has announced strong financial performance for the second quarter of 2022 with a 39 per cent quarter-on-quarter hike in revenue from NOK 46,616 million to NOK 64,793 million. On a year-on-year basis, the revenue has reported a significant rise of 87 per cent from NOK 34,559 million. The...
Hydro’s green and sustainability-linked financing framework has been created as a part of the company’s dedication to sustainability. The framework enables Hydro to provide green financial products and financing instruments connected to its aims and efforts in sustainability. The "Green Financing...
On Friday, July 8, Hydro announced that it broke ground this week to mark the start of the expansion work of its aluminium recycling plant in Rackwitz, Germany. The project will require around EUR 40 million of investment to produce 25,000 tonnes of HyForge per year, increasing the use of...
Hydro is reportedly investing NOK 300 million (EUR 29 million) in a new 12-inch, state-of-the-art extrusion press at its Tønder plant in Denmark to boost production capacity and capability to make extrusions with large cross-sections for automotive Tier-1 suppliers and automotive OEMs. Hydro’s...
Halvor Molland is Senior Vice President of Communication & Public Affairs at Norsk Hydro ASA, a global energy and aluminium company headquartered in Norway. An experienced journalist, he holds a Master of Science with experience in offshore oil and gas development projects. Molland has extensive...
An association and nine victims together representing around 11,000 indigenous families from the north-eastern Brazilian river port of Barcarena sued Hydro, its seven subsidiaries and shareholders out of which six are based in the Netherlands over alleged spillage from the Alunorte plant for at...
According to a report on Wednesday, June 29, the plant manager at Hydro Karmøy, Ingrid Guddal, has been promoted to Operational Director for the company’s new aluminium recycling plant in Cassopolis, Michigan. Guddal worked at Hydro Karmoy primary aluminium plant for four years, since 2018. She...
On 24 th June 2022, the Norwegian aluminium company Norsk Hydro was accused in a Dutch court, imputing the world’s biggest alumina refinery polluting a Brazilian river for years, engendering critical health issues for inhabitants. An association and nine victims together representing around 11,000...
