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's aluminium plant in western Norway is all set to go back to full production as Husnes B-Line capacity resumed operation on November 24, after remaining idle since 2009 due to a financial crisis. Hydro Husnes currently produces 95,000 tonnes of aluminium annually via the A line. This will...
Hydro announced that the company has signed a Memorandum of Understanding (MoU) with leading technology company Panasonic and energy company Equinor to explore potential for establishing European battery business. Mototsugu Sato, Executive Vice President of Panasonic said, “This collaboration...
Hydro’s aluminium building systems site in Landen has been certifies against the Aluminium Stewardship Initiative’s Performance Standard. The certification covers the the site’s aluminium conversion operations. Hydro serves as the logistics and administrative center for the company’s aluminium...
Hydro announced that it has been included in the Dow Jones Sustainability World Index. The company is the only aluminium company on the list for 2020. This is the 22nd year in a row that that Hydro is included in the DJSI series. “I am very pleased to see that Hydro’s effort to act on our values...
Hydro announced that its official sponsorship of the 38th edition of ICSOBA. The event, one of the largest Bauxite & Alumina trade events in the world, will take place online from November 16 to 18. The public can visit exhibition stands, download technical material, access virtual meeting rooms,...
Hydro's Bauxite & Alumina business has won the TMS Light Metals Award 2020, promoted by The Minerals, Metals & Materials Society. This is first time a Brazilian project received the TMS Light Metals Award, one of the most important awards in the metals sector for innovation projects on a global...
Norsk Hydro will distribute a dividend of NOK 2.6 billion for the 2019 financial year. This corresponds to a dividend of NOK 1.25 per share. The decision to pay dividends is based on the improved financial situation and outlook for the company. In April, the company suspended the payment of...
Hydro and Northvolt's planned pilot plant will receive NOK 43.5 million in support from Enova, a Norwegian government enterprise supporting clean energy and climate efforts. The plant, which will be built in early 2021, will recycle used electric car batteries. Hydro and the Swedish battery company...
Norsk Hydro has announced the signing of a new long-term power contract for Norwegian aluminium portfolio. The company’s fully owned subsidiary Hydro Energi AS has entered into an agreement with Hafslund E-CO Vannkraft AS for an aggregated supply of 0.9 TWh in the period from 2021 to 2027, with...
According to a recent report, some of the world’s largest aluminium producers like Norwegian group Norsk Hydro and India’s Hindalco Industries are resisting the London Metals Exchange’s plans of launching a “green aluminium” trading platform. The news came after the companies said they both opposed...
Arksen announced its plan to build a cutting edge eco-friendly superyacht – the first explorer vessel ‘Project Ocean’ under Arksen 85 series. The yacht has officially gone into production in the United Kingdom and is ready to take sail within the next two years. The Arksen 85’s hull will contain...
Hydro reported underlying EBIT of NOK 1,407 million for the third quarter of 2020. That was up from NOK 1,366 million in the same quarter last year. “Our top priority is the health and safety of our people and the communities where we operate. Hydro’s organization is maneuvering the Covid-19...
Hydro has released sustainability report for its operations in Brazil in 2019. The report gives information regarding 2019 and some of the main milestones through August 2020. The report covers the company’s strategy and the main challenges and results in environmental and social issues of its...
Hydro has launched a new commercial concept called Hydro EcoDesign to help customers develop aluminium products that are more functional for consumers and better for the planet. It also aims to improve social and environmental footprint. Hydro Extruded Solutions will launch Hydro EcoDesign this...
Hydro has signed an agreement with Lyse for the establishment of new hydropower company. The new company called Lyse Kraft DA will have a normal annual power production capacity of 9.5 TWh, of which Hydro will own 25.6% and Lyse 74.4%. “This is a great day for the future of Norwegian...
The US Department of Commerce recently declared that punitive tariffs will be imposed on producers of rolled aluminium from 18 countries. The tariffs mainly go from a few percent to up to 50%. However, for Hydro Aluminum Rolled Products GmbH, a wholly-owned German subsidiary of Norsk Hydro, the...
Hydro is supplying Hydro CIRCAL low-carbon aluminium for more than 100 large building projects. The company has secured large building projects in 10 countries across two continents with Hydro CIRCAL. Hydro CIRCAL, which is made with recycled, post-consumer aluminium scrap, will reduce 25,000...
Aluminium producer Norsk Hydro is boosting its sustainability drive by setting up two new divisions - Renewables Growth and Batteries, announced the company on Tuesday, October 14. Hydro provides aluminium to a range of industries, including the construction and automotive industry. Hydro said the...
