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 was one of the first companies in Pará to establish a partnership for the benefit of local development, supported by an Intentions Protocol with the state, through its Secretariat of Industry, Commerce and Mining (SEICOM). The agreement will enable a development of a State Plan of New...
Norsk Hydro ASA Monday said it has received approval from the EU Commission for a joint transaction with branded consumer goods group Orkla ASA to form a joint venture within aluminium solutions to be named Sapa. The transaction has already been approved by the U.S. Department of Justice and...
Hydro Aluminum will put aluminum in the spotlight at its Intersolar North America exhibition stand, booth 9129. The company says many of the technical qualities of the light metal are relevant for a range of applications linked to the solar industry, making aluminum highly competitive in comparison...
With an annual power consumption in Norway of around 12-13 TWh from four fully-owned and one part-owned smelter, Hydro is a high-volume player in the Nordic market and active within all instruments on offer at Nord Pool Spot. "Our move to gross bidding will represent a significant increase in...
Norsk Hydro, one of the world's biggest aluminium makers, beat first-quarter earnings forecasts due to higher prices, sales and cost cutting and predicted demand for the metal would return to levels that match supply this year. Hydro said on Wednesday its underlying operating profit rose to 1.08...
Hydro's underlying earnings before financial items and tax rose to NOK 1,077 million in the first quarter, from NOK 172 million in the fourth quarter 2012. Higher alumina, aluminium and power prices, increased sales volumes and improved margins contributed to underlying results. "We continue to see...
Meridian Energy and the owners of its largest customer, the Tiwai Point aluminium smelter, are continuing to talk after an intense three days' face to face negotiation last week, with parties in both Wellington and Sydney crunching numbers on possible new deals. Neither side will comment on the...
Following the agreement between Norsk Hydro ASA and Orkla ASA to combine their respective aluminium extrusion businesses, the European Commission has expressed preliminary concerns regarding the possible competitive effects of the intended merger in certain markets. The concerns relate to...
Qatalum, Qatar Petroleum’s Aluminium extrusion plant and its Norwegian partner Hydro Aluminium has unveiled a new facility dedicated to developing aluminium-cladding for carbon neutral buildings. The ‘Zero Energy and Emission Building’ lab, located on site at the Qatalum smelter in Mesaieed...
State officials say Alcoa Inc. is set to invest $52 million in northern New York under an agreement that continues to provide low-cost hydropower to the aluminum company. Gov. Andrew Cuomo says Alcoa will spend $42 million to prepare for modernization and added capacity at its plant in Massena....
Norsk Hydro ASA declined in Oslo as Nordea Bank AB cut its rating on Europe’s third-largest aluminum producer amid a subdued recovery in prices for the lightweight metal and as Vale SA prepares to sell its stake. Hydro fell as much as 1.8 percent and traded 1.3 percent lower at 25.21 kroner...
Qatalum and Hydro , the Norwegian aluminium producer, have together unveiled Hydro’s newly established facility dedicated to researching and testing aluminium used in curtain wall solutions in support of creating energy, emission and carbon neutral buildings in the Middle East. The Zero Energy and...
Norwegian aluminum producer Norsk Hydro ASA said on Friday that the current weakness and uncertainty in the world economy is weighing on the aluminum price, but underlying factors point to continued solid growth in demand. CEO Svein Richard Brandtzaeg says: "Weakness and uncertainty in the world...
Production at the Tiwai Aluminium Smelter will be reduced by about 400 tonnes a week as the company starts to cut back on its electricity usage. The smelter is reducing its electricity load from 572MW to 540MW because of extremely low hydro lake levels. New Zealand Aluminium Smelter general manager...
After expansion, this annealing facility AL2 will be able to produce up to 50,000 metric tons of aluminium car body strip annually for a European market for aluminium car body components that is expected to boom by 15 to 20 per cent each year between 2011 and 2018. The AL2 line in Grevenbroich....
To be a winner in the aluminium industry, we must be the best in technology and operations. So we are working intensely to further develop and test the aluminium technology of the future - the worlds most energy-efficient and with the lowest CO2 footprint," says Hydro President and CEO Svein...
Norwegian aluminium maker Norsk Hydro said on Thursday it may build a new test plant at its site in Karmoey in western Norway with a capacity of 70,000 tonnes per year. If built, the firm plans to test new, more energy-efficient production technology at the plant. It said conditions for producing...
Norsk Hydro ASA, Europe’s third- biggest aluminum supplier, may resell power it bought from Vattenfall AB as it cuts production amid falling prices for the metal. Norsk Hydro may sell on a portion of the 18 terawatt-hours of electricity it committed to buy in 2008, Halvor Molland, a spokesman for...
