Norsk Hydro

Hydro To Invest US$172 MM In Upgrades To Idled Line At Husnes

Hydro To Invest US$172 MM In Upgrades To Idled Line At Husnes

Norwegian aluminium smelter Norsk Hydro ASA announced yesterday a final build decision on a plan to invest NOK1.4 billion (US$172 million) in a project to double production at its aluminium plant in Husnes, Norway. Per the press release, Hydro’s expansion project will...

Events

Alunorte, Paragominas, And Albras Outages Pummel Norsk Hydro’s Q2 Numbers

Norsk Hydro reported numbers for the second quarter on Tuesday. The firm’s numbers suffered thanks to outages at key plants and increased cost of raw materials, but losses were mitigated somewhat by a rise in metal prices and gains in downstream and energy businesses. In the second quarter this year, Hydro mined 1,348 thousand metric […]

Norsk Hydro Inks 29 Year Wind Power Deal With Green Investment Group

Norwegian aluminium producer Norsk Hydro A.S.A. announced yesterday a deal between its wholly-owned subsidiary Hydro Energi AS and Macquarie Group Limited’s Green Investment Group for 29 years of wind power. The deal is likely the longest corporate wind power deal yet negotiated. Norsk Hydro says the agreement will include the construction of a new wind […]

Norsk Hydro Inks Long-Term Wind-Power Deal for Domestic Aluminium Production

Norwegian aluminium producer Norsk Hydro A.S.A. announced yesterday that its wholly-owned subsidiary Hydro Energi AS has entered into a new power agreement with Tonstad Vindpark AS to fuel its aluminium-smelting operations with wind-generated energy. The contract, which has a 25-year term, begins in 2020 and will see Norsk purchasing the entire output of a planned […]

Norsk Hydro Brings Final Electrolysis Cell Online at Karmøy Technology Pilot Plant

The full compliment of 60 electrolysis cells are now online at Norsk Hydro A.S.A.’s Karmøy technology pilot. Hydro made the announcement yesterday, noting that the NOK4.3 billion site will provide a launch pad for the firm’s development of high-efficiency, low-pollution electrolysis of aluminium. At Karmøy the firm is testing a method for smelting primary aluminium […]

Qatar Petroleum to List 49 Percent of Its Shares in Qamco on Qatar Exchange

In an effort at boosting private sector participation in the joint venture, Qatar Petroleum announced this weekend that it plans to place 49 percent of its shares in Qatar Aluminum Manufacturing Company (Qamco) on the open market later this year. According to state-owned firm Qatar Petroleum, it will establish a holding company in which it […]