Tag Archives: Hydro

Hydro Secures 8-Year Renewable Energy Deal to Power Low-Carbon Aluminium Production

(IN BRIEF) Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Skellefteå Kraft AB to supply 2 TWh of renewable energy to Hydro’s Norwegian aluminium plants from 2025 to 2032. This agreement supports Hydro’s efforts to produce … Read the full press release

Hydro and Vaan Unite to Pioneering Sustainable Solutions in Yachting

(IN BRIEF) Hydro has renewed its partnership with Dutch yacht builder Vaan Yachts BV to advance sustainability in the yachting industry. Building on five years of collaboration, the two companies have signed a letter of intent to develop sheet materials … Read the full press release

Hydro Leads the Charge in Aluminium Recycling for a Sustainable Future

(IN BRIEF) Hydro is intensifying its commitment to recycling post-consumer scrap (PCS) to achieve zero-carbon aluminium. Since launching its recycling growth agenda in 2020, the company has recycled over 1.4 million tonnes of PCS, positioning itself as a leader in … Read the full press release

Driving Change: Hydro and Mercedes-Benz Launch Ambitious Amazon Sustainability Initiative

(IN BRIEF) Hydro and Mercedes-Benz have launched the “Corridor” program at Climate Week 2024 in New York, aimed at fostering sustainable development in the Brazilian Amazon. This long-term initiative will promote positive impacts for local communities and nature through partnerships … Read the full press release

Hydro Opens New Aluminium Recycling Plant in Hungary to Meet Growing Demand for Sustainable Materials

(IN BRIEF) Hydro has opened a new aluminium recycling plant in Székesfehérvár, Hungary, with a capacity of 90,000 tonnes, primarily serving the automotive sector. The facility processes post-consumer scrap and production waste, supporting the demand for low-carbon, recycled aluminium. This … Read the full press release

Hydro Extrusion Sweden Launches Onsite Renewable Energy Production for Zero Emissions

(IN BRIEF) Hydro Extrusion in Sweden takes a significant step towards achieving zero emissions by initiating onsite production of renewable energy. The company, through its renewable energy subsidiary Hydro Rein, completes phase one of the project, installing rooftop and ground-mounted … Read the full press release

Hydro Appoints New Leaders to Drive Future Growth and Strategy

(IN BRIEF) Hydro has announced significant changes to its Executive Leadership Team under the new leadership of President and CEO, Eivind Kallevik, who took office on May 13, 2024. Hanne Karine Simensen, previously the Head of Commercial in Hydro Aluminium … Read the full press release

Hydro Expands Recycling Capacity to Accelerate Decarbonization Efforts

(IN BRIEF) Hydro has inaugurated the Høyanger Recycling facility, a significant step in its commitment to decarbonize the aluminium value chain and foster a circular economy. With an investment of NOK 240 million, the purpose-built facility, located near its primary … Read the full press release

Hydro Energi AS Secures Long-Term Power Deal with Swiss Provider Alpiq

(IN BRIEF) Hydro Energi AS recently finalized a significant long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, spanning from 2025 to 2033. The agreement entails the delivery of 0.54 TWh of power, contributing to Hydro’s Nordic power portfolio, … Read the full press release

Norwegian Government and Industry Stakeholders Forge Agreement on CO2 Compensation Scheme for Decarbonization

(IN BRIEF) The Norwegian government, along with industry associations and trade unions, has finalized an agreement on the future of the Norwegian CO2 compensation scheme, slated to be effective from 2024 to 2030. This agreement, encompassing a maximum annual CO2 … Read the full press release

Hydro and NKT Forge Partnership for Low-Carbon Aluminium Power Cable Innovation

(IN BRIEF) Hydro and NKT have announced a strategic partnership to develop a cutting-edge, low-carbon aluminium power cable value chain, aimed at facilitating the growth of Europe’s renewable energy grid. The collaboration, set to extend towards 2030, will focus on … Read the full press release

Aluminium Giant Hydro Collaborates with HILT CRC on Emission Reduction

(IN BRIEF) Hydro, a global aluminium producer, has partnered with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) to advance decarbonization efforts. Through this collaboration, Hydro aims to leverage research expertise and innovative technologies to reduce emissions in … Read the full press release

Hydro Expands Commitment to Green Transition with First Suppliers Hub Membership

(IN BRIEF) Hydro, a leader in low-carbon aluminum production, has joined the First Suppliers Hub, a tool launched at the World Economic Forum’s annual meeting in Davos. The hub streamlines the transition from climate commitments to action for companies dedicated … Read the full press release

Hydro Tests Emission-Free Plasma Technology to Revolutionize Aluminium Production

(IN BRIEF) Hydro, a leading aluminium producer, is making significant strides in its quest to achieve zero CO2 emissions in aluminium production. The company is testing emission-free plasma technology in its Sunndal casthouse, aiming to electrify the energy-intensive aluminium remelting … Read the full press release

Hydro Reduces Carbon Footprint of Hydro CIRCAL Recycled Aluminum to 1.9 kg CO2e/kg

(IN BRIEF) Hydro has achieved a significant reduction in the carbon footprint of its Hydro CIRCAL recycled aluminum, lowering it to 1.9 kg of CO2e/kg aluminum from the previous 2.3 kg of CO2e/kg. This achievement is the result of advancements … Read the full press release

Hydro Completes $1.11 Billion Sale of Stake in Brazilian Alumina Refinery and Bauxite Producer

(IN BRIEF) Norwegian aluminum company Hydro has successfully concluded a $1.11 billion transaction involving the sale of a 30% interest in the Brazilian alumina refinery, Hydro Alunorte, as well as Hydro’s 5% stake in bauxite producer Mineracão Rio do Norte … Read the full press release

Hydro Unveils Ambitious Plans for Greener Aluminium and Sustainable Growth

(IN BRIEF) Hydro, a leading global aluminium company, has announced its strategic direction for the coming decade, focusing on capturing opportunities in the growing demand for low-carbon aluminium. The company aims to achieve this by stepping up its efforts in … Read the full press release

Oman’s Sanvira Tech Inks Deal to Supply Carbon Anodes to Hydro’s Norwegian Smelters

(IN BRIEF) Hydro, a global aluminium producer, has signed a significant agreement with Sanvira Tech LLC to secure a stable supply of carbon anodes from Oman for its Norwegian aluminium smelters. The contract spans eight years with extension options and … Read the full press release

Hydro Marks 10-Year Investment Milestone in Brazilian Biodiversity Research Consortium

(IN BRIEF) Hydro, the Norwegian aluminum company, has celebrated a decade of investment in the Pará Biodiversity Research Consortium (BRC) in Brazil, amounting to approximately BRL 15 million. Over the years, the BRC has transformed from a formal agreement into … Read the full press release

Hydro Faces Power Supply Disruption as Markbygden Ett Enters Reorganization

(IN BRIEF) Norwegian company Hydro is grappling with a potential disruption in its power supply as Markbygden Ett AB, a power supplier with whom Hydro has a long-term contract, enters into a company reorganization process under the Swedish Reorganization Act. … Read the full press release

Macquarie Asset Management to Acquire Nearly 50% Stake in Hydro’s Renewable Energy Arm

(IN BRIEF) Macquarie Asset Management has inked an agreement with Hydro, a prominent Norwegian aluminum and renewable energy company, to purchase a 49.9 percent ownership interest in Hydro’s renewable energy subsidiary, Hydro Rein, for $332 million. This deal values Hydro … Read the full press release

Hydro Invests €3 Million in State-of-the-Art Water Treatment Plant in Schwandorf, Germany

(IN BRIEF) Hydro is dedicating €3 million to construct a new water treatment plant at its Schwandorf legacy site in Germany. The legacy site, acquired by Hydro in 2002, holds bauxite residue from operations by VAW from the 1930s to … Read the full press release

Hydro’s Norwegian Aluminium Smelters Lead the Way with New Energy Efficiency Measures

(IN BRIEF) Hydro, a leading aluminium producer, is taking significant steps to enhance energy efficiency across its five aluminium smelters in Norway. The measures will lead to a reduction in electricity consumption, starting with the installation of LED lights and … Read the full press release

Hydro’s Sunndal Aluminium Plant Aims to Cut Emissions with Local Biomethane Integration

(IN BRIEF) Hydro’s aluminum plant in Sunndal, Norway, aims to replace fossil fuels with local biomethane resources to cut emissions in the production process. The initiative is expected to reduce CO2 emissions by 20,000 tonnes annually, contributing to Hydro’s goal … Read the full press release

Hydro Initiates Greener Sweden Project, Transitioning to Renewable Energy in Swedish Factories

(IN BRIEF) Hydro, a company specializing in aluminium solutions, has commenced the installation of solar panels and battery storage systems at its Swedish extrusions’ factories in Vetlanda, Sjunnen, and Finspång. The project, named Greener Sweden, aims to transition these factories … Read the full press release

Hydro Achieves Global Industry Standard Compliance for Tailings Facilities

(IN BRIEF) Hydro, a mining company, has announced that all of its tailings facilities with the highest potential consequences in the event of a failure are now in compliance with the Global Industry Standard on Tailings Management (GISTM). The company … Read the full press release

Hydro Invests €6 Million to Upgrade Aluminum Extrusion Plant in Lucé, France

(IN BRIEF) Hydro, a leading aluminum company, is investing NOK 67 million (EUR 6 million) to upgrade its aluminum extrusion plant in Lucé, France. The investment aims to improve the plant’s equipment, buildings, and infrastructure, enhancing its potential to become … Read the full press release

Hydro Partners with SolarDuck and TNB for Offshore Floating Solar Energy Project in Malaysia

(IN BRIEF) Hydro, a global aluminium supplier, has signed a letter of intent to collaborate with SolarDuck and subsidiaries of Tenaga Nasional Berhad (TNB) on an offshore floating solar energy project in Malaysia. The partnership aims to advance offshore floating … Read the full press release

Hydro to Construct State-of-the-Art Aluminum Recycling Plant in Spain

(IN BRIEF) Hydro, a global leader in aluminum production, has signed an agreement to purchase land in Torija, Spain, where it plans to build a state-of-the-art aluminum recycling plant. The facility will have an annual capacity of 120,000 tonnes and … Read the full press release

Major Renewable Energy Push: Repsol Unveils 1,768 MW Wind and Solar Projects in Italy

(IN BRIEF) Repsol is set to develop renewable energy projects in Italy, totaling 1,768 MW. The portfolio will consist of 943 MW of wind projects and 825 MW of photovoltaic solar projects. Over 60% of the projects are in advanced … Read the full press release

RWE Advances Growing Green Ambitions: Expands Renewable Energy Holdings and Achieves Strong Q1 Performance

(IN BRIEF) RWE, the European energy company, is rapidly implementing its Growing Green strategy with substantial investments in the first quarter of 2023. The company added 4.9 GW to its green portfolio, spending €8.0 billion on acquisitions, including the Con … Read the full press release

Glencore joins Alunorte, MRN joint ventures with Hydro after stake acquisition

(IN BRIEF) Glencore has agreed to acquire a 30% stake in Alunorte and a 45% stake in Mineracão Rio do Norte from Norsk Hydro for a combined equity value of approximately USD 775 million. Completion of the transaction is expected … Read the full press release

Hydro’s Mexican aluminium plant certified by the Aluminium Stewardship Initiative

(IN BRIEF) Hydro Precision Tubing Reynosa in Mexico has become Hydro’s first aluminium extrusion plant in North America to be certified according to the Aluminium Stewardship Initiative (ASI) Performance Standard. ASI aims to incorporate sustainability and human rights principles in … Read the full press release

Hydro’s CIRCAL 100R aluminum helps to decarbonize Europe’s building industry

(IN BRIEF) Hydro, the Norwegian aluminium producer, has delivered its first ever batch of aluminium profiles made with 100% recycled post-consumer aluminium to the Innovationsbogen project in Augsburg, Germany. Through its building system brand WICONA, the company will provide door, … Read the full press release

Hydro Acquires 12% Stake in Lithium de France for Sustainable Battery Material Expansion

(IN BRIEF) Norwegian company Hydro has acquired a 12% stake in Lithium de France as part of its strategic expansion in sustainable battery materials. Lithium de France is developing technology and methods to extract heat and lithium from geothermal brines, … Read the full press release

Cyber Security Manager at Hydro Named Among Top 50 Women in Tech in Norway on International Women’s Day

(IN BRIEF) Henriette Borgund, Cyber Security Manager and Ethical Hacker at Hydro, has been recognized as one of the top 50 women in tech in Norway. The list is compiled by Abelia, the business association of Norwegian knowledge and technology-based … Read the full press release

Die norwegische Regierung gewährt Hydro 141 Mio. NOK für die HalZero-Testanlage

(IN KÜRZE) Hydro, ein norwegisches Aluminiumunternehmen, investiert in eine Testanlage, um seine HalZero-Produktionstechnologie für die kohlenstofffreie Produktion von Primäraluminium zu entwickeln. Die norwegische Regierung hat 141 Millionen NOK für den Bau der Anlage bewilligt, die voraussichtlich etwa 400 Millionen NOK … Read the full press release

Norwegian government grants Hydro NOK 141m for HalZero test facility

(IN BRIEF) Hydro, a Norwegian aluminium company, is investing in a test facility to develop its HalZero production technology for zero-carbon primary aluminium production. The Norwegian government has granted NOK 141 million for the construction of the facility, which is … Read the full press release

Enel Green Power Sets Ambitious Goal to Reach 75 GW of Renewables by 2025

(IN BRIEF) Enel Green Power (EGP) set a new record in 2022 by building 5,223 MW of new renewable capacity, including 387 MW of battery energy storage systems. The new capacity includes over 80 plants, mainly solar and wind. EGP … Read the full press release

Norsk Hydro Leads the Charge in the Green Transition with Investments in Low-Carbon Aluminium Production

(PRESS RELEASE) OSLO, 29-Dec-2022 — /EuropaWire/ — Norsk Hydro (OTCMKTS: NHYDY), a Norwegian company that produces aluminium and renewable energy, is investing in new technology to produce low-carbon aluminium. The company has initiated projects worth NOK 3 billion (~ EUR … Read the full press release