Hydro is a leading aluminum and energy company committed to a sustainable future. Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways.
With more than a century of industrial experience, we are enabling the green transition through innovation, technological advances, and a strong commercial mindset. Hydro supplies low-carbon aluminum products to customers worldwide, supported by a low-cost integrated value chain powered by renewable energy.
Aluminum is a key enabler for the green transition, and towards 2030 Hydro sees increasing demand for low-carbon aluminum especially from electrical vehicles, solar power and electricity systems. In addition, there is a demand for aluminum as a lighter, less expensive and more sustainable substitution for copper.
While total demand for aluminum is set to grow by around 3 percent annually through 2030, demand for low-carbon primary aluminum is expected to grow by approximately 20 percent and recycled aluminum by 5-6 percent annually. Hydro is uniquely positioned to succeed in this new reality and can utilize the integrated value chain to deliver low carbon aluminum products, complete with traceability and transparency at every step from mine to component.
Updated: November 19, 2024