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 internal expert task force established to review the Alunorte alumina refinery after the flooding in February has reported preliminary findings. The status report has the following main findings: Discharge of water overflowing from the adjacent waste-water holding pond into the internal open...
Norwegian aluminum maker Norsk Hydro’s Alunorte alumina refinery in Brazil made unauthorized spills of waste water last month, the company said on Sunday, more than two weeks after local authorities first began to raise questions. Heavy rain and flooding at the plant in mid-February sparked fears...
Hydro announced that SGW Services will conduct an independent review of the water treatment and effluent management systems at its Alunorte alumina refinery in Barcarena. The independent review by SGW is expected to announce its conclusions during the first week of April. "The objective of the SGW...
Brazilian court has rejected Norsk Hydro’s request to resume operations at its Alunorte alumina refinery. The company had appealed to a higher court after a regional court ordered it to cut production by 50 per cent at its alumina refinery. On Friday, Hydro issued force majeure notice following...
Hydro's CEO Svein Richard Brandtzæg has appointed CFO Eivind Kallevik as interim head of Bauxite & Alumina with immediate effect, replacing Silvio Porto, in response to the challenging situation at the Alunorte alumina refinery that is currently operating at 50 percent capacity. Kallevik will at...
Hydro announced Alunorte has issued a force majeure notice following orders from federal, state and local authorities to cut alumina production by 50 per cent. Alunorte has also declared force majeure due to lack of clarity into what measures it would take to return Alunorte to normal operations....
In another update from Pará, Brazil, after the instruction of Secretariat of Environment and Sustainability in the Brazilian state of Pará (SEMAS) to Hydro to cut 50% production at its Alunorte alumina refinery, a regional court issued a ruling on Wednesday, February 28, demanding Hydro to cut...
Hydro has been told by the Secretariat of Environment and Sustainability in the Brazilian state of Pará (SEMAS) to cut production by 50 per cent at its Alunorte alumina refinery due to non-compliance relating to bauxite residue deposit. SEMAS also said it would introduce daily fines of around BRL 1...
Norsk Hydro has made a $345 million binding offer to acquire Rio Tinto’s wholly owned Icelandic aluminium plant ISAL. The transaction also includes Rio's 53% stake in Dutch anode facility Aluminium & Chemie Rotterdam B.V. (Aluchemie), and 50% stake in Swedish aluminium fluoride plant Alufluor AB...
Norwegian aluminium company Norsk Hydro has confirmed that there has been no leakage or rupture of the bauxite residue deposits from its alumina refinery following reports of leakage and water contamination affecting communities in Barcarena. The plant, the world’s largest alumina refinery, is...
Norsk Hydro reports record alumina and bauxite production along with improved financial results for both the segments, mostly driven by higher realized alumina price. The bauxite mine in Paragominas reached record yearly production of 11.4 million tonnes. Bauxite production for Q4 2017 stood at...
Norsk Hydro reports positive Fourth quarter 2017 results driven by higher realized all-in metal and alumina prices that was slightly offset by higher raw material and fixed costs. Hydro's underlying EBIT increased from NOK 2,446 million in Q3 2017 to NOK 3,555 million in Q4 2017, mostly driven by...
Hydro starts aluminium production at its technology pilot in Karmøy that aims at verifying the credibility of the world's most climate-and energy efficient aluminium technology in an industrial scale. Hilde Merete Aasheim, Executive Vice President for Hydro's Primary Metal business area confirms...
An additional hydro power unit is set to bring in more benefits to Ghana’s Volta Aluminium Company (VALCO). The 75 MW unit will help VALCO procure power at a competitive rate of $0.035/kwh in the first quarter of the next financial year. The cost advantage will expectedly allow the primary...
Norsk Hydro today announced that it will reopen and upgrade the second production line at Hydro Husnes, Norway. The company will introduce new technology elements that will give better results. The production line is expected to begin operations in the first half of 2020. Hydro will make total...
Hydro Extruded Solutions AS has agreed with Arconic to acquire its two extrusion plants in Brazil. The agreement will strengthen Hydro's downstream position in Brazil and create a solid platform for further growth. "We believe in the integrated business model and Brazil is the country where Hydro's...
Hydro today announced two new low-carbon aluminium products, designed to help customers reach their sustainability goals and meet the demand from ever more climate-conscious consumers. The new products will be independently certified by DNV GL. The new products are: Hydro 4.0: hydropower-based...
Aluminium extrusion specialist Hydro is of the view that the use of extruded aluminium has a lot to offer in the making of conventional offshore vessels. Though the demand for offshore vessels is low currently, use of aluminium could have a number of advantages in the newly designed vessels. Hydro...
