CENTURY ALUMINUM COMPANY In addition, the two companies have agreed to join forces in the development of a solution to capture CO2 from the Grundartangi smelter. If successful, the captured CO2 would be used for the production of eFuel in connection with Qair’s hydrogen plant which is planned on a site next to Grundartangi.
“At Century we are committed to the highest possible environmental standards across all of our operations, as evidenced by our continued focus on reducing the carbon footprint of our aluminum products and working to minimize greenhouse gas emissions, commented Gunnar Guðlaugsson, Executive Vice President, Global Operations and Managing Director of Norðurál. “Our cooperation with Qair at Grundartangi could prove to become an important step in our journey to lower carbon emissions.”
Aluminum made from 100% Icelandic renewable energy
Grundartangi uses Iceland’s 100% renewable energy resources to create Natur-Al™ aluminum, which has one of the lowest CO₂ footprints in the world. Natur-Al™ has less than a quarter of the CO₂ content than the industry average, fulfilling the growing demand from Europe’s most environmentally conscious consumers. The company is committed to minimize its environmental impact even further and is certified by the Aluminium Stewardship Initiative (ASI) for responsible production.
Qair intends to develop, build, own, and operate two windfarms totaling installed capacity of 200 MW and supply electricity to Grundartangi through a power purchase agreement.
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This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words "believe," "expect," "hope," "target," "anticipate," "intend," "plan," "seek," "estimate," "potential," "project," "scheduled," "forecast" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," "might," or "may." Our forward-looking statements include, without limitation, statements with respect to: our assessment of global and local financial and economic conditions; our assessment of the aluminum market and aluminum prices; our plans and expectations regarding a potential power purchase agreement being entered into between Norðurál Grundartangi and Qair; the ability of Qair to both build the two windfarms and then supply green electricity to Norðurál Grundartangi; our assessment and plans for a solution to capture CO2 from the Norðurál Grundartangi smelter; and our assessment of the current global climate challenge and the role that Century and its subsidiaries may play.
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Source: Century Aluminum Company
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