Hydro is investing US$20 million in Verdox, a spin-off of the Massachusetts Institute of Technology (MIT), which is commercializing an all-electric carbon capture technology. The new technology will be applicable for capturing emissions from both aluminum production and directly from the air. It will be utilized at Hydro’s aluminum smelters to reduce their overall carbon […]
Hydro is focused on sustainability, having set ambitious climate, environmental, and social targets — including the goal of achieving net-zero emissions by 2050. Currently, the company is on track to meet this goal, with the expectation of reducing its emissions 10% by 2025 and 30% by 2030 (from a 2018 baseline). One of Hydro’s main […]
Hydro plans to invest NOK 390 million (US$39.5 million) in a new extrusion press at its aluminum manufacturing plant in Suzhou, China. The project will will serve China’s growing automotive and electric vehicle market, as well as create 75 new jobs. “We’ve succeeded in building a platform in China toward the e-vehicle market, but we need […]
Hydro is investing EUR 40 million to expand its Rackwitz recycling plant near Leipzig, Germany, to enable the production of HyForge™ forging stock. The expansion will significantly increase the use of post-consumer aluminum scrap and will serve automotive customers with smaller-diameter, high-quality billets that may be forged directly into high-quality automotive components. “After successfully introducing […]
Hydro signed a letter of intent (LOI) with Midwest Energy and Communications (MEC) to acquire a property in the Cassopolis, Michigan. The company plans to use the property to build a new state-of-the-art, greenfield aluminum recycling plant for the production of aluminum extrusion billet. The move is a key step towards Hydro’s ambition of doubling […]
Norsk Hydro ASA entered into an agreement to sell its Hydro Rolling business to KPS Capital Partners for €1.380 billion (approximately US$1.67 billion) on an enterprise value basis. “Hydro launched a strategic review of our Rolling business area in 2019, along with other strategic measures towards profitability and sustainability,” said Hilde Merete Aasheim president and […]
Hydro has developed and implemented a new method for the final disposal of bauxite residue (also known as red mud), which the company has been testing at its Mineração Paragominas bauxite mine in the northern state of Pará, Brazil. This pioneering technology, called Tailings Dry Backfill, replaces the need for raising and building new dams […]
Hydrovolt, the joint venture between Hydro and Northvolt announced in mid-2020, has started construction of its new NOK 120 million (US$14.1 million) car battery recycling facility in Fredrikstad, Norway. The plant will have the capacity to process more than 8,000 tonnes of modules from car batteries each year, with the possibility to expand in the […]
