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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A worldwide provider of multi-material impact energy management and lightweight body structures to the automobile industry, Shape Corp. has collaborated with the global leader in aluminium production, Hydro for the first time in the US market will be manufacturing automotive components applying...
Vestre is now building The Plus, the world's most ecologically friendly furniture factory, near Magnor, Norway. The project has received over 23 tonnes of Hydro CIRCAL low-carbon aluminium. When compared to equivalent traditional manufacturing buildings, the Plus intends to save at least 90% on...
Guangyuan Linfeng Aluminum & Electricity Co., LTD joined ASI as its new production and transformation member. Guangyuan Linfeng Aluminum & Electricity Co., LTD., founded in December 2018, is located in Guangyuan Economic and Technological Development Zone's Yuanjiaba Industrial Park. With an annual...
Hydro Rein, a renewable energy solutions provider, and Macquarie Asset Management’s Green Investment Group (GIG), a specialist green investor, have signed an agreement to form a joint venture company Feijão. The company will build and operate a combined wind and solar power project, with a capacity...
The usage of recycled aluminium has also entered our daily lives through beverage cans and electronic gadgets like iPad. Companies like Coca-Cola, PepsiCo, and Apple are now using used aluminium in their products as a way to demonstrate their commitment to green manufacturing. As a result,...
Hydro’s aluminium plant in Commerce, Texas, is now certified to produce Hydro CIRCAL, a low-carbon recycled aluminium product containing at least 75 per cent post-consumer, end of life scrap. The plant is Hydro’s first in the United States certified to produce Hydro CIRCAL. The news came after the...
The Norwegian aluminium company, Norsk Hydro has stated by delivering a statement that there is a possibility to shut down its majority-owned aluminium smelter in Slovakia without the government in the nation coming out to support financially through the carbon compensation scheme. The Slovalco...
This week the global primary aluminium sector witnessed a lot of major happenings. Many new projects and agreements were unlocked. To begin with, Hydro announced its plan to invest NOK 320 million in the Karmøy aluminium smelter. The project will start in the fourth quarter of 2022 and terminate in...
On May 19, Hydro reported that it is planning an investment of NOK 320 million in Karmøy aluminium smelter. The plant's 22 kV switchgear will be replaced as part of this investment. The project will begin in the fourth quarter of 2022 and is expected to be completed by the end of 2024. The project,...
Together with Northvolt, Hydro has come up with Hydrovolt, a battery recycling joint venture, which has begun commercial recycling operations at its facilities in Fredrikstad, Norway. Considered Europe’s largest electric car battery recycling operation, Hydrovolt has the capacity of processing...
The recycled segment is witnessing some of the best events in the last few weeks, and this week also it remained the same. In Luxemburg, Hydro generated 130 tonnes of CIRCAL 100R at its Clervaux recycling factory, with 100 per cent post-consumer scrap achieving its goal of first net-zero carbon...
Hydro’s aluminium extrusion plant in Suzhou is the company’s first Aluminium Stewardship Initiative (ASI) performance standard-certified aluminium extrusion firm in China. The firm located in Shanghai's Suzhou Industrial Park roughly employs 350 workers and has undergone multiple expansion...
Hydro produces 130 tonnes of CIRCAL 100R at its Clervaux, Luxembourg recycling factory, achieving its target of producing first net-zero carbon aluminium. The 130 tonnes of CIRCAL 100R is made using 100 percent post-consumer scrap. The company has achieved its objective of producing first...
The primary aluminium industry had witnessed a plunge in LME aluminium price by US$127.5 per tonne to close at US$2,911.50 per tonne on Tuesday, May 3, which increased by 0.60 percent or US$17.50 per tonne to settle at US$2,929 per tonne on Wednesday, May 4. The official settlement price for...
Norsk Hydro, the Norwegian headquartered global aluminium producer, posted record quarterly earnings for Q1 on Tuesday, April 3. As per the reports, Hydro's adjusted EBITDA grew from NOK 9,011 million in Q4 to NOK 11,165 million in the first quarter of 2022. Higher all-in metal and alumina pricing,...
On 29 th April 2022, the Norwegian aluminium company with its headquarters in Oslo, Norsk Hydro has announced a tender offer for the acquisition of 100% of the shares of Alumetal S.A, a company listed on the Warsaw Stock Exchange for 68.4 PLN per share in cash (the “offer price”), representing an...
Henan Shenhuo Coal & Power Co Ltd declared this week that it is planning to amplify its production to achieve 900,000 tonnes which is the maximum capacity of the unit by the end of this month owing to the steady power supply in Yunnan province. Shenhuo is a renowned aluminium producer from China....
Among the significant events in the global aluminium recycling business that we've seen this week, one is the news of Ball Corporation creating 90 percent recycled contents. Also, the news of Hawaiian Airlines, the largest operator of commercial flights to and from the Hawaiian Islands in the...
