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U.S. Claims Title of World’s Largest LNG Exporter
Category: Business News
(Bloomberg) –The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloomberg. Cheniere […]
Source: World Oil
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Hydro to Produce First Near-Zero Carbon Aluminium in 2022
Category: Business News
In launching its new sustainability ambitions, Hydro has announced its intention to deliver its first commercial volumes of near-zero carbon aluminium in 2022. Hydro is also continuing its technology efforts toward an industrial scale pilot producing carbon-free aluminium by 2030. Read full article.
Source: Hydro
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Hydro on Track to Build New State-of-the-Art Recycling Plant in Cassopolis, Michigan
Category: Business News
Hydro has made the investment decision for the construction of a new state-of-the-art aluminium recycling plant producing 120,000 tonnes of aluminium extrusion ingot per year. Construction is set to start in early Q2 2022, with production commencing in 2023. The plant will have approximately 70 direct employees. Read full article.
Source: Hydro
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US-EU Metals Talks Avert Tariff Hike
Category: Business News
The United States and the European Union agreed on Monday not to escalate their dispute over U.S. steel and aluminium tariffs, averting steep EU tariff hikes while the two sides launch formal talks on addressing excess global capacity largely centered in China. The European Commission, which oversees EU trade policy, said on Monday it would […]
Source: Reuters
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Norsk Hydro To Divest Rolling Business Area To KPS Capital Partners In €1.38 Bln Deal
Category: Business News
Norwegian aluminium and renewable energy company Norsk Hydro ASA (NHY, NHYDY.PK, NHYDY.PK) Friday said it has entered into an agreement to sell its Rolling business to KPS Capital Partners for 1.38 billion euros on an enterprise value basis. Hydro said the agreed deal price would result in a reduction of 856 million euros in pension […]
Source: Nasdaq
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