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 owners of Aluchemie, Rio Tinto and Hydro’s strategic review governed that it is not feasible to make the ongoing investments required to pursue the operations of the stand-alone anode production plant in Rotterdam, Netherlands, due to its weak competitive position and challenging market...
The Norwegian Aluminium company and one of the largest in the world, Hydro has appointed Helena Nonka as Executive Vice President for Corporate Development. Nonka will report to President and CEO Hilde Merete Aasheim and will join the Corporate Management Board. She will sit on the new position...
Hydro’s underlying EBIT in the fourth quarter of 2020 increased to NOK 1,449 million from NOK 560 million during the same period last year, driven by improved margins and volumes in downstream business and lower raw material costs in upstream but slightly offset by additional maintenance-related...
Hydro has supplied 400 tonnes of Hydro CIRCAL to HELL ENERGY for beverage can production. Can production at HELL ENERGY's subsidiary in Hungary, Quality Pack, has started and will be available in stores in mid-February. Hydro CIRCAL is an aluminium strip which contains a high ratio of post-consumer...
Hydro announced that its entire aluminium extrusion operations in Europe are now certified against the Aluminium Stewardship Initiative (ASI) Performance Standard. This came after Hydro automotive components plant in the United Kingdom received ASI certification. “This is a remarkable achievement...
Hydrovolt has commenced the construction of Norway's first plant for recycling electric vehicle batteries, located in the town of Fredrikstad. The facility, which is planned start operations in late 2021, will have the capacity to process more than 8,000 tonnes of modules from car batteries each...
The green transition is a business opportunity We often talk about the green transition as something that belongs to the future. But the green transition is happening now and it’s full of opportunities. It’s not about what we have to sacrifice, but rather about new business opportunities that will...
Aluminium Stewardship Initiative has certified Hydro’s aluminium extrusion plant in Magnor against its Performance Standard, recognising the plant’s responsible production, sourcing, and stewardship of aluminium. The certification covers the site’s production of aluminium solutions, including...
Hydro announced shipments of low-carbon aluminium products to European customers using Norway’s biggest sailing vessel SC Connector. The shipment has about 200 tonnes of Hydro REDUXA low-carbon aluminium. “We want to work with the most forward-leaning companies when it comes to developing greener...
The Aluminium Stewardship Initiative has certified Hydro’s aluminium extrusion plant in Tønder, Southern Denmark, with its both Performance Standard Certification and Chain of Custody Standard. The certification covers the Tønder plant’s production of aluminium solutions, including extrusion and...
Hydro and Nuvosil have commenced an industrial pilot project on new technology for recycling of aluminium and silicon that could reduce processing costs by up to 50% and energy consumption up to 90%. The recycling technology is supported by research and industrial partners SINTEF, NTNU, Cemtec...
Hydro completed hydropower transaction with Lyse on December 31. Both the companies have merged power production assets through the creation of a new company, Lyse Kraft DA, which includes Hydro’s hydropower assets Røldal-Suldal Kraft (RSK) and the majority of Lyse’s power production portfolio. In...
The first half of 2020 experienced a steady drop in primary aluminium prices worsened by falling demand for the metal due to the COVID19 pandemic. Slowdown in global economy caused by the unprecedented crisis touched upon almost all the industrial sectors, including automobile, construction, and...
PT Kayan Hydropower Nusantara (KHN), which will work on the construction of the Mentarang Induk Hydro Power Plant (PLTA) on the Mentarang River, Malinau, North Kalimantan towards the end of 2020, has signed MoU with PT Indonesia Asahan Aluminum (Inalum). Now, both the parties agreed on a joint...
Hydro announced that internal testing program has verified the company’s new primary aluminium production technology, HAL4e. The test shows that Karmøy Technology Pilot is operating at around 15 percent lower energy consumption than the world average. Hydro Karmøy Technology Pilot started producing...
Hydro has inked Memorandum of Understanding (MoUs) for the development of two renewable projects in Brazil. The companies target to reach an investment decision in 2021. Hydro has signed an agreement with Scatec and Equinor for 480 MW solar power plant in Brazil. This solar project will be located...
The Norwegian aluminium company Hydro stated that it would emphasis on the production of low-carbon aluminium, as well as broaden its portfolio into recycling, renewables and batteries by 2025. Hilde Merete Aasheim, President and CEO of Hydro, said: “We have generated cash, cut costs and delivered...
AlCircle team is now gearing up for its upcoming e-Magazine titled “Green Aluminium: Sustainable Future for the Industry” after successfully launching the fifth edition of e-Magazine “Covid-19 Impact: Importance & Emergence of Industry 4.0”. “Green Aluminium: Sustainable Future for the Industry” is...
