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 has made a formal build decision for the planned full-scale technology pilot at Karmøy, Norway, aiming to verify the world's most climate and energy efficient production of primary aluminium. Total costs are estimated at NOK 4.3 billion, consisting of net project costs of NOK 2.7 billion and...
Aluminium major Norsk Hydro announced the fourth quarter 2015 results of its joint venture with Sapa. Compared to the previous quarter, underlying EBIT for Sapa declined mainly due to seasonally lower demand. Underlying EBIT for Sapa increased compared to the same quarter of the previous year...
According to a recently published market research report, global high purity aluminium production market was 149K million tonnes (mt) in 2015 and is expected to grow at a CAGR of 2.93% from 2016 to 2021. High purity aluminium mainly covers product types- 4N High Purity Aluminium, 4N5 High Purity...
Perfect recycling management means the complete recycling of a product at the end of its use phase, with the creation of a new product from the individual components. In order to turn this vision into reality, it is necessary to separate products as finely as possible into their single components....
Bell Bay Aluminium, one of Tasmania's largest electricity users, has struck a deal with Hydro Tasmania to use 10 per cent less electricity for up to five months to ease pressure on the state's dams. Water storages have dipped below 19 per cent due to record dry conditions and a prolonged BassLink...
Hydro's fourth quarter results 2015 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday February 17, 2016. The quarterly report and presentation slides will be available Hydro's corporate website at the same time. Presentation in Oslo Hydro will host a combined analyst and...
Following the power outage on Friday night, around 10 percent of Hydro Årdal's primary aluminium production capacity is temporarily shut down. Hydro expects to leave customers unaffected by the incident by increasing remelt of cold metal at the plant’s cast house, compensating the temporarily...
Workers at the aluminium smelter at Fort William have been told that the owners are reviewing its operations. The announcement from Rio Tinto said the review would include its assets in Lochaber. The plant is one of the largest employers in the area. It is thought to support more the 160 full-time...
Norsk Hydro ASA, the Norwegian aluminium and renewable energy company announced yesterday that its fourth quarter results 2015 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday February 17, 2016. The quarterly report and presentation slides will be available on Hydro’s...
The Research Council of Norway and the state of Pará in Brazil has agreed on a new research collaboration. The agreement is important for Hydro's research on biodiversity and forest rehabilitation after bauxite mining. In 2013, Hydro joined an extensive research collaboration (Biodiversity Research...
The outcome of Chinese discussions to cut the country's aluminium output will be key to determining the global price of the light-weight metal, the head of Norwegian producer Norsk Hydro told Reuters on Thursday. Aluminium prices have dropped by nearly 50 percent since 2011 to $1,459 per tonne....
Norsk Hydro ASA has entered into an agreement with Oslo Pensjonsforsikring AS regarding the sale of Herøya Industripark AS. The transfer will likely occur during the first quarter of 2016. "After a thorough process, and based on an overall assessment, we concluded that Oslo Pensjonsforsikring AS...
World aluminium major Norsk Hydro estimates that in 2016 without China, the world will have a 1.5 million to 2 million metric ton aluminum deficit, compared with a surplus of as much 1 million when including the world’s second-biggest economy. The plunge in price of primary aluminium has caused...
The Slim plant in Cisterna di Latina will from January 1, 2016 be operated by Rolling Mills International GmbH under the name of SLIM Aluminium S.p.A. An after-tax book loss of 45 - 55 million euros will be realized in Hydro’s fourth-quarter 2015 reported results. The rolling mill in Cisterna di...
Qatalum in cooperation with Hydro organized the annual Aluminium Symposium in Doha, Qatar on 14 December at the Intercontinental Hotel. Titled “Aluminium, The Engine for Growth in the Region”, the day-long event was co-sponsored by Hydro, Qatar University, CAM (Centre for Advanced Materials) and...
German industry is generally dominated by men. At Hydro’s aluminium rolling mill in Grevenbroich, Germany, Hydro has initiated several apprenticeship programs to increase the share of women in the industry. Hydro represents a great diversity in education, experience, gender, age and cultural...
Norsk Hydro, one of the world's largest aluminium producers, launched new cost cuts on Thursday to combat a sharp decline in prices triggered by an oversupply of metal from China. By the end of 2019, the company aims to reduce its annual costs by 2.9 billion Norwegian crowns ($335.70 million), of...
Norwegian aluminium company Norsk Hydro ASA is focusing its Capital Markets Day 2015 on the efforts to become better, bigger and greener as a means to create value for shareholders. Industry-leading improvement programs, technological leadership, capital discipline and financial strength contribute...
