Hydro: LoI and MOU

Hydro has signed a Letter of Intent (LoI) with the state of Pará and also a Memorandum of Understanding (MoU) with Shell Brasil Petróleo LTDA, with the aim to replace a major part of its current fuel oil consumption at the Alunorte alumina refinery in Brazil with more environmentally friendly natural gas. The LoI with the Para Government was signed in Belem, Brazil and witnessed by Hydro’s CEO, Svein Richard Brandtzæg, and Governor of Pará, Simão Jatene. The LoI aims to develop infrastructure and enable the use of natural gas in the region. Hydro Alunorte would be the first significant…