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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Hydro mulls 'new timetable' for CAP start-up
Norsk Hydro could delay the launch of Companhia de Alumina do Pará (CAP), the greenfield alumina project it bought from Vale earlier this year.
Executive vice president and CFO purchases shares
Executive Vice President and CFO Jørgen C. Arentz Rostrup on August 19 purchased 5,000 shares in Hydro at NOK 30.00 per share. Rostrup's new shareholding in Hydro, including closely related parties, is 22,902 shares.
New Unit to Remove SO2 Emissions fom Aluminium Plant Flue Gases
Hydro's technology center in Årdal, Norway, is installing a unit to remove sulfur dioxide (SO2) from the flue gas from aluminium production. The unit will reduce annual emissions of SO2 from the technology center by 200 metric tons. It is the first industrial application of this technology.
Hydro to install environmental technology in Årdal
Hydro's technology center in Årdal, Norway, is installing a unit to remove sulfur dioxide (SO2) from the flue gas from aluminium production. The unit will reduce emissions of SO2 from the technology center by 200t/y. It is the first industrial application of this technology. The new facility has an...
Closely related party to Executive Vice President purchases shares
A closely related party to Executive Vice President Johnny Undeli has on August 9, 2011 purchased 500 shares in Hydro at NOK 30.00 Jonny Undeli's new holding, including closely related parties, is 12,132.
Contracts/Deals: Norsk Hydro chooses Lumesse
Talent management solutions provider Lumesse has been chosen by Norsk Hydro to implement a global talent acquisition (e-recruitment) system. Hydro, a global supplier of aluminium, employs 23,000 people in more than 40 countries.
Hydro has spill of molten aluminum
About 2,000 pounds of molten aluminum spilled from a furnace early Wednesday morning at Hydro Aluminum in St. Augustine, according to a statement from the company.
Hydro sells stake in Norwegian power producer
Norsk Hydro plans to sell its 20.86% ntake in northern Norwegian power producer SKS Produksjon to Salten Kraftsamband for NOK1bn. The sale does not affect Hydro’s ownership of 9.4 TWh of annual power production in Norway.
European aluminium products demand set to slow in Q3: Hydro
European demand for rolled and extruded aluminium products is expected to see a seasonal slowdown in the third quarter, Norwegian aluminium producer Hydro said Tuesday. Market demand for rolled products in Q3 "is expected to decline due to seasonality," Hydro said in its second-quarter results...
Norsk Hydro Eyes Sunndal Restart By Year-end, Timing Undecided
Norwegian aluminum producer Norsk Hydro ASA (NHY.OS) is aiming to fully restart its Sunndal smelter in Norway by the end of the year, but still hasn't decided on timing for the return to full capacity. The company said Tuesday that the restart of the remaining 85,000 metric tons of annualized...
N.Hydro signed Brazil alumina deal using Platts index-CEO
Norsk Hydro has a signed contract for Brazilian alumina using the Platts alumina index, Chief Executive Svein Richard Brandtzaeg said on Tuesday. "We have recently entered a contract that was index-linked instead of linked to the LME (London Metal Exchange)," he told Reuters in an interview.
Hydro Aluminum Recycles More in North America
Hydro Aluminum, Linthicum, Md., has reported that its Extrusion North America unit recycled more than 220 million pounds of aluminum scrap in 2010. Of the total, about 60 percent was post-industrial scrap and 40 percent is described by the company as post-consumer scrap. The 220 million pound total...
Norsk Hydro: Aluminum Seen In "Manageable" Surplus In 2011
Demand for aluminum is expected to grow at a rate of around 7% in 2011, according to Norwegian producer Norsk Hydro ASA (NHY.OS), but a "manageable" market surplus is still expected due to the ramp up of additional production capacity. The company said demand and supply of primary aluminum in the...
NORSK HYDRO (NOHYP)
NORSK HYDRO : Second quarter 2011: Results rise on higher volumes and prices Hydro had underlying earnings before financial items and tax of NOK 1,906 million in the second quarter, up from NOK 1,448 million in the first quarter. Higher realized alumina and aluminum prices combined with higher...
Rio Tinto wins approval to expand Ben Nevis hydro-power project
Scottish energy minister approves 5MW hydro-electric scheme at ancient Loch Eilde Mor dam in Kinlochleven. Rio Tinto has secured permission from the Scottish government to extend a 20MW hydro-electric plant in order to power its aluminium smelting facility located near the UK's highest mountain,...
Hydro Aluminum Increases Its North American Recycling by 13 Million Pounds in 2010
Hydro Aluminum’s Extrusion North America unit reports that it recycled more than 220 million pounds of scrap aluminum in 2010. Of this, some 60 percent was post-industrial waste. The remaining 40 percent was post-consumer waste, representing an increase of nearly 20 percent over the preceding year....
Norsk Hydro ASA (ADR) PINK:NHYDY Upgraded
Norsk Hydro ASA (ADR) PINK:NHYDY has been upgraded to a strong buy with a 2012 price target of $12 issued today by Shayne Heffernan. Norsk Hydro ASA (Hydro), incorporated in1905, is a resource rich, fully integrated aluminium company. The Company is a supplier of casthouse products, such as...
Norway's Hydro tipped for robust Q2, Q3 on aluminum margins: S&P
Norway's Norsk Hydro is expected to extend its robust financial performance from the first quarter of 2011 into the second and third quarters, based on continued strong margins for primary aluminum, Standard & Poor's said Thursday. S&P like Platts, is a division of The McGraw-Hill Companies....
