Norway's Hydro to buy LNG for Brazil plant in carbon-reduction push
Norsk Hydro has struck a preliminary deal with New Fortress Energy to buy LNG for its Alunorte alumina refinery in Brazil, switching the energy source from fuel oil.
Supply of LNG by the U.S.-based energy company to the Barcarena municipality is expected to start in 2022 under a 15-year deal, according to Hydro.
"The project is supporting Hydro's climate strategy and its global commitment to reduce its greenhouse gas emissions by 30% by 2030," the Oslo-based company said in a statement.
"The natural gas is expected to come from an LNG regasification terminal, which will be located near the Hydro Alunorte refinery in Barcarena," it added.
The Alunorte refinery transforms bauxite minerals into a powder known as alumina, which in turn is used by smelters to make aluminium.
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