(BRIEF) Hydro, a global aluminum producer, has signed a master agreement with Sanvira Tech LLC to ensure a robust source of carbon anodes from Oman for its Norwegian aluminum smelters. The contract runs for eight years with extension features and will cover up to 25% of Hydro’s annual carbon anode requirements. Sanvira is building a new anode plant in Oman, scheduled for completion in the first quarter of 2025, after which it will undergo qualification and functionality testing for Hydro’s needs. This collaboration ensures a trusted source of raw materials for Hydro’s aluminum production.
(PRESS RELEASE) OSLO, Nov. 27, 2023 /EuropaWire/ — Norsk Hydro ASA (OTCMKTS: NHYDY), a Norwegian aluminum and renewable energy company committed to a sustainable future, announces that it has signed an agreement with Sanvira Tech LLC, consolidating the source of carbon anodes from Oman to Hydro’s aluminum smelters in Norway.
With a strong commitment to ensuring robust and diversified resources of high-quality carbon anodes, Hydro sees this collaboration as a strategic move to ensure uninterrupted production of critical aluminum curtains. Eivind Kallevik, Executive Vice President of Hydro Aluminium Metal, expressed confidence in Savira’s ability to serve as a reliable, resilient and cost-effective long-term supplier of this important raw material. “Hydro relies entirely on solid and varied high-quality carbon anode materials to manufacture the curtains the world needs. “He ensured that Sanvira will be a robust, resilient and cost-effective source for a critical raw material for Hydro’s aluminum smelters. “
The agreement provides for an initial reduction period of eight years, with provisions for possible extensions. This partnership will cover up to 25 percent of the annual carbon anode needs of Hydro’s Norwegian smelters, which collectively consume around 600,000 tonnes of these critical components.
Sanvira’s upcoming anode production plant in Oman, recently under construction, is poised to play a pivotal role in this source chain. With an expected completion date of the first quarter of 2025, the plant will go through a rigorous qualification and functionality phase. testing, ensuring it meets Hydro’s strict quality standards, starting in the second quarter of 2025.
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SOURCE: Norsk Hydro ASA
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