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 Aluminium Rolled Products GmbH, a fully-owned subsidiary of Norwegian aluminium company Norsk Hydro ASA, announced yesterday that it has come to an open-ended agreement with Norwegian extruded aluminium provider Sapa AS. The new agreement, which is for Norsk Hydro to provide extrusion ingot...
Norwegian aluminium producer Hydro and World Wide Fund for Nature (WWF) have entered into a one-year cooperation agreement. The goal is to develop innovative solutions that can help cut emissions related to climate change. Inger Sethov, Head of Communication & Public Affair’s in Hydro and Nina...
Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary, Hydro Aluminium AS, has entered into a sales agreement with Sapa AS, a global provider of downstream aluminium solutions, owned 50 percent by Hydro, to supply extrusion ingot under an open-ended agreement starting in 2017. Front,...
Hydro’s aluminium recycling plant in Luxembourg hosted royalty, government officials, and business leaders on June 1 when it unveiled an extensive upgrade with production and environmental benefits. (Plant manager Ludovic Dardinier (right) explains the different scrap sources. EVP and head of...
Norwegian aluminium company Norsk Hydro ASA's fully owned subsidiary, Hydro Aluminium Rolled Products GmbH, has secured a power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, totaling 1.3 TWh (150 MW) annually in...
All cars need to lose weight to reduce emissions in safe, reliable ways. This applies to e-cars in particular, due to their heavy battery components. The interdisciplinary “Light E-Body” project of Hydro has investigated several options to reduce car body weight from the 314 kg of a conservative...
Hilde Merete Aasheim, executive vice president of the primary metal business for Hydro, headquartered in Norway, has been appointed chairman of the London-based International Aluminium Institute (IAI) at the 89th meeting of its board of directors in Shanghai. Aasheim takes over from Abdulla Kalban,...
Hydro and Brazilian mining company Vale has ended negotiations on the possible acquisition of Vale's 40 per cent interest in Brazilian bauxite producer Mineração Rio do Norte (MRN). The two companies entered into a letter of Intent (LoI) regarding the possible transaction in October 2015, but have...
The aluminium company Hydro commissioned a EUR 45 million facility today aiming to recycle up to 50,000 tonnes of used beverage cans per year at its Neuss plant in Germany. The facility is located in the heart of a growing can market, as Europeans now are using more than 30 billion cans a year....
Norsk Hydro has announced its financial results for the first quarter ended on March 31, 2016. The underlying earnings before financial items and tax of the Norway based energy and aluminium producer declined to NOK 1,501 million in the first quarter, down from NOK 1,566 million in the fourth...
Norsk Hydro has announced that the company's first quarter results 2016 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday April 27, 2016. The quarterly report and presentation slides will be available on Hydro's website at the same time. Hydro will host a combined analyst...
Hydro is donating up to NOK 10 million to create a five year professorship at the Norwegian University of Science and Technology (NTNU). The professorship will support the creation of the NTNU Aluminium Product Innovation Center (NAPIC). The vision of the center is to find new product areas for...
“The world around us has shifted significantly and fast - again. A year ago, we experienced undersupply and record-high aluminium premiums. Shortly after, Chinese oversupply and rising exports pushed aluminium prices to 6-year lows. I am happy to report that Hydro’s improvement efforts has...
Sergio Luiz Vendrasco is the new president of Sapa’s Precision Tubing business area, the area in Sapa providing aluminium solutions for heat transfer applications to the automotive and HVAC&R industries. Vendrasco has been appointed business area president of Sapa Precision Tubing, succeeding...
Highlands and Islands MSP John Finnie has held talks with the owners of the Rio Tinto Alcan aluminium smelter at Fort William, amid fears for its future. The Canada-based metals and mining giant is undertaking a review of its assets, including the smelter, which employs about 150 people, a...
Norwegian aluminium company Norsk Hydro ASA's fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Nordic Wind Power DA, a Norwegian wind power consortium, for annual baseload supply of between 0.6 and 1 TWh in the period from 2020 to 2039. "We are happy to contribute...
Norsk Hydro, one of the world's largest aluminium producers, cut its 2016 forecast for aluminium global demand, including China, to 3-4 per cent from 4-5 per cent previously, as it reported quarterly earnings that beat forecasts on Wednesday. Prices of aluminium - used in the aerospace,...
Norwegian aluminium giant Norsk Hydro has announced fourth quarter results of 2015. The underlying earnings before financial items and tax declined to NOK 1,566 million in the fourth quarter, down from NOK 2,215 million in the third quarter of 2015. The decline mainly reflected lower aluminium and...
