Welcome to Refwin.com, Join Free  |  Sign In Home  Inquiry   Contact   Mobile   Free E-Weekly News   中文站
Directory Price Market Buy News Conference Dictionary
I want to search:          
Home >>News 
Norsk Hydro: Sales of low-carbon aluminium expected to double in 2020
2020-01-13

Jan. 13, 2020 - Norwegian aluminium smelter Norsk Hydro ASA forecasts a doubling in the sales of its low-carbon aluminium over the course of the coming year, with even greater gains beyond that. 


In an interview with the news outlet, Hydro’s Extruded Solutions head Egil Hogna said the increase in usage of its low-carbon aluminium is expected to rise despite an overall plateau in global aluminium use. For property developers in Europe and North America, the drive to lower their carbon footprint has brought them to Hydro and its Circal aluminium, which consists of at least 75 percent post-consumer scrap and produces 13 percent of the global CO2 average for aluminium smelting.


“In 2021 we forecast a sale of 40,000-50,000 tonnes of Circal, and the potential is significantly higher after that,” he explained.


Overall, Hydro uses about 80 thousand metric tons of aluminium per year in the production of façades and windows. Last year 10 thousand metric tons of Circal were used in such extrusions, which Hogna says will double during the current year.


While Circal costs between 10 and 20 percent more than standard aluminium, Hogna says that the addition of other materials and labor makes the increase only 2 to 3 percent above the usual asking price.


“But it’s the aluminium in it that makes the big difference in terms of CO2 footprint,” Hogna explained.


As Circal requires 2.3 kg of CO2 emissions per kilogram to produce, buyers have frequently looked past the increased price and opted to avoid extrusions made with standard aluminium and its average of 18 kg of CO2 emissions per kilogram.


As building tenants become more aware of the low-carbon aluminium and its availability for construction purposes, Hogna indicates that many such tenants are increasingly using the utilization of such materials when making decisions regarding location choices.


“We expect this to grow significantly in coming years – the speed will depend on how quickly authorities change standards and incentives, and how rapidly public opinion changes when it comes to paying for greener products,” explained Hogna.


“It requires only a modest change in the willingness to pay.”

Related Reading
Hydro agrees to sell site of closed Kurri Kurri smelter   2020-02-03
Hydro sells its interest in Vietnamese extrusion operations to a local Vietnamese company   2020-02-01
Norsk Hydro: Recycled aluminium the new sought-after material in low-carbon construction   2020-01-13
Hydro: Production resumed at Paragominas and Alunorte   2019-12-28
Norsk Hydro: Slovalco to partially curtail production   2019-12-06
Hydro sells Spanish paint line to Installux Group   2019-11-21

X
Online Service