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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Hydro announced that the company has agreed extend their strategic partnership with Equinor and Panasonic to explore potential for establishing a sustainable and cost-competitive European battery business. The battery project is still in an early phase and no investment decisions have been taken....
Hydro will expand its aluminium recycling capacity at its Sjunnen extrusion plant in Sweden by 50% in a €11.3 million expansion. The expansion, which will be finalized by the end of 2022, will meet increased market demand for low-carbon aluminium profiles across all industries where Hydro...
Norsk Hydro ASA has announced that its subsidiary Hydro Energi AS signed a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a total supply of 680 GWh. The agreement with Hafslund Eco spans from January 1, 2022, to December 31, 2028, with delivery to price area NO3....
En+ Group, the largest producer of low-carbon aluminium and the biggest independent hydropower generator, has announced that it has begun the installation of a new impeller at one of its hydraulic units at the Bratsk Hydropower Station. The Bratsk Hydropower Station’s 18 hydro-turbine impellers...
Hydro has decided to install a state-of-the-art 3,000-ton 12” indirect aluminium extrusion press line at its Cressona facility, Pennsylvania. The installation involves $48.3 million investment to meet North America’s growing transportation, distribution, and industrial market segments. The company...
Hydro Extrusions has decided to spend EUR 45 million in the Nenzing aluminium extrusion plant in Europe. The company will increase production capacity by 30% to meet the growing demand of aluminium extrusions in the region. The aluminium plant will add a fourth extrusion line and expand mechanical...
The Norwegian Aluminium company and renewable energy company and also one of the largest aluminium companies worldwide, Norsk Hydro ASA posted Q2 2021 adjusted EBITDA of NOK 6,598 million, up from NOK 2,794 million in the same quarter previous year. The continued global economic recovery is...
The Scandinavian country, Norway has installed a park bench which is now carrying the technology that permits for those sitting on it, can trace Wrexham firm played in its creation. The park bench has digital product passports, containing verified information using Blockchain technology. This...
Right from Hydro signing an agreement to sell 100% of Hydro Precision Tubing Lichtervelde (HPTL) to Aurelius Group to Novelis Korea Limited plant successfully receiving the ASI Performance Standard certification, the global aluminium downstream sector has witnessed many this week. Hydro Extrusions...
Hydro announced that its extrusion plant, which was idled a few years ago, will be reopened to meet rising demand for sustainable aluminium profiles. The facility will increase Hydro Extrusions Sweden’s capacity of aluminium profiles made with recycled aluminium by approximately 20%. The plant will...
Sanjeev Gupta owned GFG Alliance’s deal with the Scottish Govt. stated that the government undertakes the cost of a 25- year electricity supply contract between Lochaber aluminium smelter and the adjoining hydro-plant. The key factor to acquire both the facilities by Sanjeev Gupta’s GFG Alliance in...
Hydro announced that its Rackwitz recycling plant will expand into production of the innovative HyForge forge stock segment. The new plant will start operations by end of first quarter 2023. The expansions will increase the use of post-consumer aluminium to ensure market-leading sustainability...
The aluminium technology company, Gränges that drives the development of lighter, smarter and more sustainable aluminium products and solutions collaborates with Hydro, the Norwegian aluminium giant to supply low-carbon and circular aluminium offerings to the automotive market. In this new...
On July 2, 2021, Hydro Extrusions signed an agreement to sell 100% of Hydro Precision Tubing Lichtervelde (HPTL) to Aurelius Group as part of the significant restructuring measures taken to support performance and cash generation in Hydro Extrusions. The sale is expected to close during the third...
The Norwegian aluminium company, Hydro’s Aluminium Metal unit has inked a letter of intent (LOI) to acquire land to develop a “state-of-the-art aluminium recycling plant” in Cassopolis, Michigan, that will produce aluminium extrusion ingot. The European company said: “The planned facility in...
World primary aluminium market marked some significant events this week. To start with Hydro Husnes has resumed full operation for the first time in more than a decade. CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri...
This week, Hydro CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri graced Hydro Husnes with their presence to mark the full operation of the plant for the first time in more than a decade. “I have been looking forward to...
Hydro’s alumina refinery in Barcarena, Brazil which processes bauxite from its mine in Paragominas, also in Pará state has secured the license to operate the deposit called DRS2, after the installation phase and all commissioning tests are approved by environmental agencies. The DRS2 deposit area...
