Industry News

Hydro to buy land for aluminum recycling plant construction in Spain

Views : 87
Update time : 2023-06-12 17:24:46
Norwegian aluminum producer Norsk Hydro has signed an agreement with a subsidiary of the Pulsar Properties Group to purchase land in Torija, Spain, for the construction of an aluminum recycling plant with an annual capacity of 120,000 tons and about 65 direct employees.

The investment of this project was estimated to be between EUR 130-140 million, depending on the final facility design, market conditions, and macroeconomic development. The final decision for this investment was aimed to be made by the end of 2023.

With this new plant, Hydro’s capability to produce low-carbon aluminum will be improved further and more scrap will be kept in Europe.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11