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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"Despite challenging market conditions since the financial crisis of 2008/09, aluminium demand has continued to grow and by 2013 had risen above pre-crisis levels. The future is energy-efficient and will need more aluminium. But, aluminium markets are still characterized by historical...
"Despite challenging market conditions since the financial crisis of 2008/09, aluminium demand has continued to grow and by 2013 had risen above pre-crisis levels. The future is energy-efficient and will need more aluminium. But, aluminium markets are still characterized by historical...
More than 4,000 business leaders, engineers, scientists and other professionals in the minerals, metals and materials fields attended the 143rd TMS Annual Meeting & Exhibition in San Diego, California on 16th – 20th February 2014. The TMS 2014 Annual Meeting presented nearly 70 symposia covering a...
Norsk Hydro ASA will invest in a new production line at its rolled products plant in Grevenbroich, Germany. The new line will increase annual capacity for aluminium car body sheet to 200,000 metric tons. "In the search for light-weighting vehicles and reducing CO2 emissions, automotive customers...
Svein Richard Brandtzaeg , Chief executive of Norsk Hydro, said to Reuters that aluminium’s overall price, including delivery premium paid to producers, is expected to rise in the year 2014 as demand of the metal growth outpaces production. "Demand will exceed production, so there is reason to...
Hydro's underlying earnings before financial items and tax (EBIT) fell to NOK 483 million in the fourth quarter 2013 from NOK 659 million in the third quarter, mainly due to seasonal effects and lower hydropower production. For the full year, underlying EBIT rose to 2,737 million from 1,297 million...
Hydro has reported its fourth quarter 2013 and full year earnings. For the full year, underlying EBIT rose to 2,737 million from 1,297 million in 2012 despite the fall in EBIT in the fourth quarter. Fourth-quarter underlying EBIT for the Bauxite & Alumina business area was, however, lifted by...
According to a company press release, HySelect is a unique “selectively coil-coated aluminium sheet for solar thermal energy.” The novelty consists of adding a special aluminium foil to the solar dish manufacturing process for improved solar energy collection. By utilising the cost-effective base...
"It is fantastic to see the interest in recycling and enthusiasm shown by all the children in the Tea Light Hunt," says Hydro's CEO Svein Richard Brandtzæg. The grand prize winner wins a class tour to Hydro's recycling facility in Holmestrand, Norway. Tea Light Hunt is a competition that WWF and...
Norsk Hydro ASA's alumina refinery Alunorte in Brazil will be subject to ICMS taxation on fuel oil starting February 1, following a decision by the Brazilian state of Pará to change the collection point of the ICMS tax on fuel-oil purchases. Assuming that the decision is upheld, the estimated...
AlCircle had the opportunity to have a conversation with Mr. Halvor Molland,Vice President, Communication and a spokesperson for Norsk Hydro ASA, a global supplier of aluminium and aluminium products based in Norway. An experienced journalist and a process engineer in Oil and gas business, Mr....
Hydro's fourth quarter results 2013 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday February 12, 2014. The quarterly report and presentation slides will be available on www.hydro.com at the same time. Hydro will host a combined analyst and press conference at its corporate...
Norsk Hydro ASA (NASDAQ:NHYDY) was upgraded by investment analysts at Societe Generale from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. Other equities research analysts have also recently issued reports about the stock. Analysts at...
Norsk Hydro has decided to “increase capital expenditure by almost 40 percent next year to modernise equipment in expectation of accelerating global demand over the next decade,” reports Reuters. “The company’s optimism was tinted with caution, however, as it introduced the latest in a string of...
Norsk Hydro, one of the world's largest producers of aluminium, will increase capital expenditure by almost 40 percent next year to modernise equipment in expectation of accelerating global demand over the next decade. The company's optimism was tinted with caution, however, as it introduced the...
Hydro's Capital Markets Day 2013 is focused on the improvement efforts being implemented throughout the value chain, encompassing all business areas, plants and units in an all-Hydro drive to continuously lift the bar. Hydro's main ambitions are to: • Deliver on dedicated improvement programs in...
The cooperation agreement with the University of Oslo and the three Brazilian research institutions Federal University of Pará (UFPA), Federal Rural University of the Amazon (UFRA) and Museu Paraense Emílio Goeldi (MPEG) was signed in Belém, Brazil, on Friday. The collaboration will include...
Recycling of used Norwegian drink cans will soon be even more environmentally friendly. The recycling process is moving from France to Hydro in Holmestrand. Norwegians are world champions in returning cans for recycling, and close to half a billion beer and soda cans will be collected and recycled...
