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 downstream sector remained quite strenuous this week, Hammerer Aluminium revealed its €38 million investment towards the expansion of Ranshofen extrusion unit. Hydro accomplished the sale of its aluminium rolling business to American investment company KPS Partners. The leading...
On Tuesday, June 1, Hydro completed the sale of its aluminium rolling business area to KPS Capital Partners, which is expected to strengthen Hydro’s position in low-carbon aluminium. Hydro President and CEO Hilde Merete Aasheim said, "Hydro's ambition is to lift profitability and drive...
The past week saw Hydro announcing BRL 2.2 million agreement with the University of São Paulo to explore uses for bauxite residue in civil construction. International Aluminium Institute reported world alumina production of 11.598 million tonnes in April Let’s catch up with the following top...
The aluminium downstream sector remained quite happening in the week around the world, with Hindalco to resume on-hold projects due to the pandemic, now plans for INR 2700 crore investment to get it on track. On the other hand, the global aluminium giant, headquartered in Norway, Norsk Hydro has...
Hydro has signed a NOK 200 million contract for the supply of new state-of-the-art casting lines. In total, four new casting lines will be supplied to the customer. Hycast, a fully owned subsidiary of Hydro, and Innovation Group, the leading manufacturer of extrusion ingots in China, have inked an...
Hydro REIN has teamed up with Equinor and RWE Renewables for offshore wind in Norway. The three companies have signed a collaboration deal to jointly prepare and submit an application to the Norwegian authorities to develop a large-scale bottom-fixed offshore wind farm in the Sørlige Nordsjø II...
Hydro has signed a BRL 2.2 million agreement with the University of São Paulo to explore uses for bauxite residue in civil construction. The waste will be used in the production of cement floors that prove to be advantageous from the environmental point of view and throughout their life cycle. The...
Hydro has teamed up with Everfuel for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The use of carbon-free hydrogen in aluminium production will contribute towards Hydro’s global commitment to reduce its greenhouse gas emissions...
Hydro announced Johan Berg, plant manager at Husnes, has been appointed as Chief Operations Officer at Hydro’s Qatalum joint-venture smelter in Qatar. Johan will start his new role on July 1, 2021 and report to Qatalum CEO Khalid Mohammed Laram. “Berg has been four years at Husnes that has included...
Hydro has reportedly certified eleven companies in Paragominas under its Supplier Development Program, which included training in Strategic Management, Commercial Intelligence, Operational Management, and Industry 4.0. Local companies that serve Mineração Paragominas SA were selected on criteria...
European wheel maker Cromodora Wheels has selected Hydro REDUXA low-carbon aluminium to lower carbon footprint. Cromodora Wheels, a key player in the aluminium wheel industry, provides to the main premium car makers in Europe; AMG-Mercedes, Audi, BMW, Ferrari, FCA, Maserati, JLR, Porsche, Seat,...
Hydro Alunorte plant becomes the first alumina refinery in the world to receive ISO 55001 certification. The refinery now has seven international certifications on quality, health, safety, environment, assets, and social responsibility management systems, among others. For the certification, a plan...
Hydro has planned invest BRL 1.1 billion in the Alunorte fuel-switch project reduce the refinery’s annual CO2 emissions by 600,000 tonnes. The project will replace heavy fuel oil with natural gas at the Hydro Alunorte alumina refinery. “This project is a milestone in our sustainability strategy and...
Rio Tinto owned Tiwai Point Aluminium smelter consumes around 13% of New Zealand’s electricity produced, however, it has now outreached an agreement with Meridian Energy to curtail its usage by up to 30.5 megawatts per hour (MWh) until the end of May 2021. Tiwai aluminium smelter has a supply...
Hydro Energy and Hydro Extrusions business areas reported record quarterly results based on strong global economic recovery that boosted demand for renewable energy, aluminium, and aluminium products. According to the report released, Hydro’s primary aluminium production in Q1 2021 stood at 539,000...
Norsk Hydro ASA has reported the first-quarter results of 2021, revealing that its revenue stood at NOK 31,951 million, an increase of 7 per cent quarter-on-quarter from NOK 29,823 million and 1 per cent year-on-year from NOK 31,609 million. Adjusted EBITDA grew 53 per cent from the previous...
Hydro has delivered fabricated aluminium profiles to SolarDuck for floating solar solution. Floating solar will be deployed for testing to see whether the photovoltaic-covered three-sided structure can become a viable addition to global power generation. SolarDuck will launch its floating solar...
Norsk Hydro ASA has inked a new long-term power contract for an aggregated supply of 680 GWh in the period from 2022 to 2028. The contract between Hydro’s fully owned subsidiary Hydro Energi AS and Hafslund Eco spans from January 1, 2022, to December 31, 2028, with delivery to price area NO3....
