Hydro locks in renewable power supply through 2040 with Statkraft to drive low-carbon aluminium growth in Norway
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...
Bell Bay Aluminium conundrum: Can Tasmania close the $60m power gap?
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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Transform used tea lights into frying pans: the Recycle Boon!
The young and old winners of the environmental competition Tea Light Hunt are mesmerised by the sight of used tea cups transforming into frying pans! They were greeted on Friday by local school musicians, three managers on a field trip and a magician who turned tea lights into frying pans, when...
Meeting customer diversity is the agenda forNorsk Hydro in Mostra Convegno HVACR trade show
Hydro wants to raise the bar in customer service and local support in order to become the preferred supplier of aluminium tubing and fin stock for heat transfer applications in the heating, ventilation, air conditioning and refrigeration industry. May 10, 2012 IN MILAN: Organized every two years,...
DEGERenergie establishes MLD solar parks in Tennessee in collaboration with Hydro Aluminum
Horb am Neckar, Germany, May 08th, 2012. DEGERenergie has shipped 112 DEGERtraker with MLD technology to Apex Construction Services, LLC, in the USA and installed them together with Apex construction team. The systems have been installed in four solar fields that began operation on April 14, 2012....
Future for Hydro’s Kurri Kurri smelter remains shaky despite cuts
The future for Hydro’s Kurri Kurri smelter remains shaky, with the multi-national posting another dismal quarterly financial report. “We will continue our restructuring efforts, reduce costs and take firm actions required to keep a steady course,” Hydro president and chief executive Svein Richard...
Hydro earnings plunge as aluminium glut weighs
Norway-based aluminium producer Norsk Hydro reined in its expectations for market growth this year due to weak demand from Europe, as it posted a bigger-than-expected drop in quarterly profit due to a glut in supply that is hitting prices. The company said on Friday it expected global demand for...
Norsk Hydro net profit down 34% on weak market
Norwegian aluminum producer Norsk Hydro ASA said Friday its first quarter net profit fell 34% on year to NOK513 million, and that it expects the market to remain weak, especially in Southern Europe. -Net profit was NOK513 million, down from NOK782 million a year ago. -Revenue was NOK21.75 billion,...
Norsk Hydro net profit down 34% on weak market
Norwegian aluminum producer Norsk Hydro ASA said Friday its first quarter net profit fell 34% on year to NOK513 million, and that it expects the market to remain weak, especially in Southern Europe. -Net profit was NOK513 million, down from NOK782 million a year ago. -Revenue was NOK21.75 billion,...
Researchers receive first “Hydro Green Aluminium Award”from Norsk Hydro
The two, Dr. Niklas Magnusson at SINTEF and Professor Magne Runde at SINTEF/NTNU, were awarded the prize of $35,000 at the Technoport Awards 2012 in Trondheim on Tuesday. They also received a work of art as part of the prize. Their work was on an energy-saving superconducting aluminium billet...
Hydro's Matt Aboud elected to Aluminum Association’s Board of Directors
Matt Aboud, vice president and managing director of Hydro's Metal Markets business in the U.S., will join the Board of Directors of the Aluminum Association, an organization that works globally to promote aluminium as a sustainable and recyclable material. “I think there still is a lot of potential...
Aluminium buckles under weight of supply pressure
“I don’t like aluminium.” That may seem an unlikely statement from the world’s sixth-largest producer of the metal. But Marius Kloppers, chief executive of BHP Billiton, is putting his money where his mouth is. BHP will from now on run its aluminium division for cash, he announced in February. Mr...
Aluminium Recycling Campaign in Norway Ends with Remarkable Results
In a national recycling campaign, school children across Norway have collected 11 million used tea light cups made of aluminium. The campaign has been started by WWF in collaboration with IKEA and Hydro and they invited first to fourth grade students from throughout the country to collect the...
Norsk Hydro : Finish line for Tea Light Hunt: Aluminium recycling a hit with kids
WWF and IKEA, in cooperation with Hydro, invited students from first to fourth grade across the country to gather the greatest number of the aluminium tea light cups. The campaign started in October 2011 and ends Saturday, March 31. The results are impressive. "The level of environmental engagement...
Hydro Exhibits Aluminium Usage in HVAC Applications at Milan Trade Show
Hydro has announced that it will demonstrate to the manufacturers on how to use aluminium instead of copper for heat exchange applications in the industries, at Mostra Convegno Expocomfort 2012. This trade show is taking place at Fiera Milano in Milan, held from 27 to 30 March, 2012. Mostra...
China aluminium output increase undermines industry cutbacks: RBS
China's increase in aluminium output for February is threatening to undermine production cutbacks made elsewhere in the global industry, RBS said in a research note Friday. "Once again Chinese aluminium producers have in one fell swoop managed to eradicate all the work done by other producers in...
Hydro Expands Fabrication Focus
Hydro has expanded its aluminum fabrication services with more regional technical competence and a new dedicated website. "Customers should benefit from cost savings by obtaining their extrusions and fabrication in one place," said Matthew Dionne, president of Hydro's North American aluminum...
Hydro Aluminum Supports CPV Plant in Latin America
A precision-extruded aluminum framing system manufactured by Hydro, a global supplier of aluminum and aluminum products, has been installed at a 500-kilowatt electric generation facility in Durango, Mexico, the largest concentrated photovoltaic (CPV) solar facility in Latin America. Located about...
Norsk Hydro : CAP alumina project postponed
Companhia de Alumina do Para's (CAP) Board of Directors has decided to postpone the construction of a new alumina refinery in Barcarena, Brazil. The main reasons for the postponement of the CAP project are the uncertainty related to short- and medium-term aluminium supply/demand balance and the...
Challenging year ahead for bauxite and alumina
"Today and for the next few years there is a risk of oversupply of both aluminium and alumina. We are suffering from market prices that are not sustainable. Therefore the fundamentals must become more important for the pricing of our products in the future," Undeli said. Undeli was a keynote...
