Hilde Merete Aasheim 19 May 2021
- Green transition in major regions requires more aluminium, e.g., higher aluminium content in EVs
- Higher end-product adaption of aluminium due to recyclability
- Focus on ESG could phase significant upside for green products
- Primary aluminum based on renewable power will qualify under the EU taxonomy criteria
- No thresholds have been included for recycling. All secondary aluminium is taxonomy compliant.
- Increasing cost of supply towards next decade due to new projects with higher capex based on hydropower
- Restrictions on supply growth, especially in China, reduce risk of sustained over-capacity next decade
2
Seizing opportunities where our capabilities match megatrends
1
1 Strengthen position in low-carbon aluminium | 2 Diversify and grow in new energy |
Renewable energy | Batteries | Hydrogen | ||||
3
New improvement target of NOK 7.4 billion by 2025 and commercial ambition of NOK 1.5 billion adjusted for Rolling1)
Improvement program
2020 accumulated improvement
NOK billion
Corporate Energy
AM | 0.1 |
0.6 | 0.0 |
NOK 3.7 | |
billion | 2.0 B&A |
1.0
Extrusions
2025 accumulated improvement potential by year
NOK billion
7.4 | ||||||||||||||
2021 target of 5.1 BNOK | 0.6 | 0.2 | ||||||||||||
accumulated improvements | ||||||||||||||
0.6 | 2.7 | |||||||||||||
1.0 | ||||||||||||||
0.9 | ||||||||||||||
0.5 | ||||||||||||||
1.0 | ||||||||||||||
1.4 | 4.8 | |||||||||||||
B&A ramp-up2) | ||||||||||||||
0.8 | Improvements | |||||||||||||
0.5 | ||||||||||||||
2019A | 2020A | 2021 | 2022 | 2023 | 2024 | 2025 | Total | |||||||
Commercial ambition
Additional NOK 1.5 billion in market and customer growth opportunities by 2025
1.5 | ||
• | New products including | |
20% | ||
greener brands, HyForgeTM |
• Market share gains in dedicated segments
• Margin expansion in new
80% | customer projects | ||
Aluminium Metal | |||
Extrusions | |||
Ambition |
1) | Achieved NOK 0.5 biliion of 1.1 billion 2025 target by 2020, and represented a commercial ambition of NOK 0.5 billion | 4 |
2) | Alunorte and Paragominas ramp-up to full nameplate capacity |
Google Hudson Square in Hydro REDUXA facade…
- 450 tonnes of Hydro REDUXA
- 1.3 million square feet office space
- produced at Hydro's Sunndal plant in Norway
- Hydro REDUXA capacity of ~415 kt, ~20% of Hydro total
Strong Q1 sales for Hydro REDUXA
Hydro REDUXA sales1) k tons
~75
~45
7
FY 2019 | FY 2020 | Q1 2021 |
- Increased Hydro REDUXA demand in Q1
Photo: Field Condition | 5 |
1) Excluding Rolling |
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Disclaimer
Norsk Hydro ASA published this content on 03 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 09:57:08 UTC.