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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Norwegian aluminium company Norsk Hydro ASA has appointed Hilde Merete Aasheim as new President and CEO of Hydro. Aasheim succeeds Svein Richard Brandtzæg, who has decided to step down after 10 years. Aasheim's new role is effective May 8, 2019. Dag Mejdell, chairperson of Hydro’s Board of...
On Friday, March 15, Norsk Hydro reported weakened underlying earnings before interest and tax by 2.15 billion crowns ($251.61 million) in its 2018 financial report, amidst some of its positive developments like the upgrade of the Husnes Plant and the ramp-up of the Karmøy technology pilot to...
Aluminium Stewardship Initiative certifies Aluminium Norf GmbH (“Alunorf”) against ASI’s Performance Standard for environmental, social and governance performance. Alunorf is the world’s largest aluminium rolling and casting facility in Neuss, Germany with more than 2,200 employees producing more...
Hydro announced a pipe connecting fume treatment centers fell on the roof of one of the electrolysis halls of the aluminium plant in Neuss leading to damages to the building and reduced production. “There was no immediate impact on the electrolysis production following the accident. However, to...
Norsk Hydro is nominated for a Green Award in the category “Innovation of the year” for its technology pilot in Karmøy. The award ceremony will take place as part of the Green Tech Festival 2019 in Berlin, May 24. “A lot of Hydro people have put so much effort into making the technology pilot a...
The Dutch start-up Vaan presents the world’s most sustainable luxury sailing yacht made almost entirely of circular materials, including recycled aluminium. The Vaan R4 is a catamaran built with 75 percent recycled aluminium from Hydro. “One of the biggest industry challenges today is that many of...
Hydro’s underlying EBIT for Primary Metal declined from NOK 1,377 million in Q4 2017 to a loss of NOK 677 million in Q4 2018. This was mainly due to higher alumina and carbon costs, as well as lower sales volumes. Underlying EBIT for Metal Markets improved from NOK 185 million in 2017 to NOK 275...
Hydro today announced results for the fourth quarter of 2018. Underlying earnings before financial items and tax decreased to NOK 534 million in Q4, down from NOK 3,555 million in the same quarter last year. The results mainly reflect the effects of the production curtailment at Alunorte alumina...
Vestre, one of Scandinavia's leading manufacturers of sustainable furniture with Scandinavian design for urban and outdoor environments, will present a new series of outdoor furniture made of wood and aluminium at Stockholm Design Week 2019. Consisting of park benches in various designs, litter...
Aluminium has been the most talked-about non-ferrous metal in the year 2018 for many reasons. New tariffs, sanctions, trade wars on one hand; and developments and expansions on the other across the entire value chain emerged as non-avoidable circumstances in the year gone by. To start with, the...
A press release from Hydro confirms that the environmental agency in the state of Pará, SEMAS has lifted the ban on Alunorte Alumina refinery’s 50% operational capacity. SEMAS, has issued a technical note to Hydro which says that Hydro Alunorte can safely resume normal operations and the production...
Hydro will be more present than ever at BAU 2019, the World's leading trade fair for Architecture, Materials and Systems for exhibitors, visitors and members of the press. The BAU 2019 will take place from Monday, 14 January to Saturday, 19 January 2019 in Munich. On the largest area in the...
The US dollar dipped to a three-month low as the latest minutes of US Federal Reserve's policy meeting hinted at less monetary tightening and as hopes grew after US-China trade talks. Base metals ended mostly higher last night. LME aluminium fell 0.3% and SHFE aluminium went up 0.19%. LME aluminium...
Norsk Hydro aims to bring Alunorte alumina refinery back to full capacity within weeks or months, although the process still remains uncertain, Chief Executive Svein Richard Brandtzaeg told Reuters. The alumina refinery has been operating at half capacity since March after state environmental...
Brazilian expert study shows that there was no overflow from Alunorte’s residue deposit areas DRS1 and DRS2 in February 2018. The study also concludes that Alunorte, from a water management perspective, can produce at its nominal capacity of 6.3 million tonnes of alumina a year. Hydro announced...
Hydro will present its overall strategic direction and performance, including an update on the situation at the Alunorte alumina refinery and details on the market outlook for 2019 and the longer term at the Capital Markets Day 2018. Hydro said in the short-term it is working hard to resume full...
German aluminium producer Trimet has reportedly reduced the production of its P1020 ingot in response to tight global alumina supply. The firm had started a gradual reduction in its output from autumn, but exactly when the ingot production started being affected is unknown. The company’s board...
Hydro Hoogezand has become the world’s first extrusion plant to receive the Performance Standard certification by the Aluminium Stewardship Initiative (ASI). The plant specializes in extruding long-length profiles as well as anodized and painted components. ASI is the highest internationally...
