Optimizing the aluminium value chain from mine to cable
Hydro has a unique ability to utilize the integrated value chain to deliver low-carbon aluminium products, complete with traceability and transparency at every step from mine to component. Hydro is making significant strides towards carbon reduction goals, targeting a 30 percent reduction in its carbon emissions by 2030, primarily driven by fuel switching and boiler electrification at the Alunorte alumina refinery in Brazil.
As part of Hydro’s roadmap towards 2030, the company will also step up its ambitions within technology development, growth in aluminium recycling and renewable power generation. These are all key elements to take Hydro’s already industry leading aluminium solutions further towards zero, developing zero-carbon greener aluminium with net-zero emissions by 2050 or earlier.
“With this collaboration we continue our strategy of entering into long-term partnerships with sustainability leaders in industries that are crucial for the green transition. NKT and Hydro share a focus on reducing our impacts across the value chain from mine to finished power cables. We look forward to collaborating on all emissions scopes to pioneer completely new ways of working. Together we can change the game,” says Eivind Kallevik.
As part of the partnership and the aim to reach the lowest possible CO2 levels in the aluminium cable value chain, Hydro and NKT will also collaborate on minimizing emissions associated with warehousing, logistics and transportation, as well as opportunities for efficient, closed-loop supply chains with the aim to optimize recycling and use of scrap.
NKT connects a greener world with high quality power cable technology and takes center stage as the world moves towards green energy. NKT designs, manufactures and installs low, medium and high voltage power cable solutions enabling sustainable energy transmission.
Since 1891, NKT has innovated the power cable technology building the infrastructure for the first light bulbs to the megawatts created by renewable energy today. NKT is headquartered in Denmark and employs 5,000 people. NKT is listed on Nasdaq Copenhagen and realized a revenue of EUR 2.6 billion in 2023.
