Hydro eyes west-Norway Karmøy aluminium plant renewal / News / The Foreigner

Hydro eyes west-Norway Karmøy aluminium plant renewal. Norwegian industrial company Hydro is to study testing next-generation electrolysis technology, it signals. The pilot plant on western Norway’s Karmøy Island will have an annual production capacity of about 70,000 metric tons, according to the company’s press at the company website. Business daily Dagens Næringsliv writes, Thursday morning, that the move indicates that Hydro’s no longer views Qatar as the best place to run its aluminium production, a process demanding a high amount of power. One of the reasons listed in Hydro’s statement, which opens for the unexpected return to Karmøy, was a change in overall conditions in Norway.

norwayaluminium, hydro



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Hydro eyes west-Norway Karmøy aluminium plant renewal

Published on Thursday, 7th March, 2013 at 11:04 under the news category, by Asgeir Ueland.

Norwegian industrial company Hydro is to study testing next-generation electrolysis technology, it signals.

Rolled coils of aluminium
Rolled coils of aluminium
Photo: © Norsk Hydro ASA 2013. All rights reserved


The pilot plant on western Norway’s Karmøy Island will have an annual production capacity of about 70,000 metric tons, according to the company’s press at the company website.

Business daily Dagens Næringsliv writes, Thursday morning, that the move indicates that Hydro’s no longer views Qatar as the best place to run its aluminium production, a process demanding a high amount of power.

One of the reasons listed in Hydro’s statement, which opens for the unexpected return to Karmøy, was a change in overall conditions in Norway.

“The conditions for continuing and developing aluminum production in Norway have improved in recent years. Development of renewable energy capacity has increased power supplies and conditions for more competitive power prices. In addition, compensation for CO2 costs in power prices is producing better conditions for industry,” it reads.

Hydro president and CEO Svein Richard Brandtzæg states, however, that there is an overproduction of aluminium at the moment, hence, “any investment in new capacity will obviously be an element in evaluating of profitability and market balance.”

The move comes after Hydro’s technology centre in Sogn og Fjordane county’s Årdal has managed to develop at new cell technology, which is more energy efficient. It is this technology that Hydro now wants to test at its Karmøy plant.

In September 2012, the Norwegian government established a CO2 compensation scheme for the industry, which officials say would make it easier for industry with a high power demand to operate in Norway.

This also influenced the decision, according to the statement.

“Compensation for CO2 costs in power prices are producing better conditions for industry,” Hydro states.

The compensation plan is due to be implemented by 1 July this year. 



Published on Thursday, 7th March, 2013 at 11:04 under the news category, by Asgeir Ueland.

This post has the following tags: norwayaluminium, hydro.





  
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