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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Rio Tinto and Hydro recently executed the first ever paperless trade in the alumina commodity segment. Both the companies used the CargoDocs solution from essDOCS for the transaction. This also marks the first ever paperless trade solution for alumina shipment by any company and also the first use...
According to a recent report from Shanghai Metals Market, Shandong Weiqiao Pioneering, on Wednesday, December 18, began the construction of 2 million tonnes per year aluminium smelting and hydropower project in Southwest China’s Yunnan province. Ground-breaking ceremony of the integrated project...
Norsk Hydro on December 12, 2019, signed a USD 1,600 million revolving multi-currency credit facility with margin linked to reduction target for greenhouse gas emissions. The revolving credit facility will be available for general corporate purposes. The facility carries a five-year tenor with two...
A fully integrated Norwegian aluminium company Norsk Hydro announced on Monday, December 2, that it plans to cut 20 per cent production at its majority-owned Slovalco primary aluminium plant in Slovakia. Weak market is one of the reasons for the production cut, said the company. Located at the...
Hydro has received the sustainability award from the Luxembourg business federation FEDIL. Hydro aluminium recycling facility in Clervaux, Luxembourg has won a national business and industry award for outstanding performance in environment and climate protection. Carole Dieschbourg, Luxembourg...
A report from Shanghai Metals Market said that Shandong Weiqiao Aluminium and Electricity, a subsidiary of China Hongqiao Group, would move 2.03 million tonnes of capacity from Binzhou of east China’s Shandong province to south China’s Yunnan. The news was confirmed from an official notice on...
Hydro has announced that it will close the fabrication business unit in Drunen, Netherlands, due to challenging market conditions. This will affect around 40 employees and is expected to be completed by Q1 2020. “The closure is due to the challenging European market, particularly in trailer...
The 208MW Tonstad wind farm project on the eastern side of Lake Sirdal, in Sirdal and Flekkefjord municipalities, in Southern Norway, is reportedly under construction. While the installation of the turbines has already started, fourteen are erected so far and six among them are electrified, which...
As the focus on environment is growing urging manufacturers for using sustainably sourced materials, aluminium industry is actually heading towards an exclusive premium market for clean and green aluminium. Though lightweighting and easy recyclability make aluminium a more thoughtful choice, its...
Hydro released results for the third quarter of 2019. Underlying EBIT for Bauxite & Alumina decreased by 30% compared to the third quarter of 2018. The Underlying EBIT stood at NOK 481 million in Q3 2019, down from NOK 685 million in Q3 2018. But EBIT was up 16% quarter-on-quarter. “The results...
Hydro reported an underlying EBIT of NOK 1,366 million in the third quarter of 2019, down from NOK 2,676 million in the third quarter of 2018. The decline was due to lower aluminium and alumina prices, partly offset by lower raw material costs and positive effects from higher production in Brazil....
Hydro has invested Euro 30 million in two modern production lines. The new production lines will increase quality and stability for aluminium foil products in the coming months, as product volumes from older production lines due for closure is shifted to new and modern lines. Sales director Stefan...
Hydro has expanded its research and development capabilities with the launch of an aluminium research lab in Finspång, Sweden. The Extrusion Test Center will allow Hydro to “test new types of aluminium alloys and their extrudability for eventual use in applications that are innovative and which can...
Norsk Hydro announced that The Brazilian federal court lifted the final embargo on Alunorte’s new bauxite residue disposal (DRS2) under a criminal lawsuit on Thursday, September 26th. This allows the alumina refinery to resume activities of installation and commissioning at DRS2, ending a 19-month...
Norsk Hydro, one of the leading aluminium producers in the world talked about cost cutting, restructuring and improving cash flow during the company’s Investor Day Presentation on September 24, 2019, in Oslo. The company will strategize moves to bounce back after the operational setbacks caused by...
Hydro’s five aluminium extrusion operations in Austria, France Germany, and Belgium have been certified against Aluminium Stewardship Initiative’s (ASI) Performance Standard for responsible production, sourcing and stewardship of aluminium. The company’s aluminium extrusion operations at Nenzing...
Norsk Hydro announces with a press release that The Federal Court in Belém, Brazil lifted the embargo on Alunorte's new bauxite residue disposal (DRS2) under the civil lawsuit on September 20. It is to be noted that Alunorte is still subjected to another embargo on DRS2 under a criminal lawsuit....
The week has seen a few major happenings in the downstream aluminium industry. The industry has witnessed acquisitions and plant shutdown by some of the top players in the downstream industry. Let’s explore the top stories covering the downstream products vertical for the week that went by: Hydro...
