ALCOA TO INVEST $51 MILLION TO BOOST PRODUCTION AT ITS NORWEGIAN SMELTER

The multinational Alcoa Corporation has just announced that it will invest $51 million to increase production capacity at its Mosjøen smelter in Norway by 14,000 metric tons per year (mtpy).

Alcoa’s Mosjøen plant currently has a capacity of close to 200,000 tpa, and the investment is expected to increase that capacity to 214,000 tpa by the end of 2026. The project thus positions Mosjøen to continue to meet the needs of customers who want Alcoa’s high-quality, low-carbon aluminum. The Mosjøen smelter runs entirely on renewable energy and produces rolled ingots and cast alloys, including metal for Alcoa’s Sustana TM line, which is the most comprehensive low-carbon product offering in the aluminum industry.

“We continue to build on our positive history of increasing capabilities and production from our existing assets through process improvements and capital investments,” confirms John Slaven, Alcoa’s executive vice president and chief operating officer. “Mosjøen is already a high-performing asset in Alcoa’s global system, and this investment reflects its operational excellence, the dedication of our employees and the strong support of our many customers and community stakeholders,” he adds.

In that family of brands, Mosjøen produces EcoLum TM aluminum, which offers less than 4.0 metric tons of carbon dioxide equivalent emissions (Scope 1 and 2) from bauxite mining, alumina refining and aluminum smelting and casting. It also produces EcoDura TM aluminum, which includes at least 50 percent recycled content.

The company also recently announced that its Mosjøen plant is now working on a state-of-the-art induction furnace that uses renewable energy to melt and recycle aluminum scrap. Over the past three years, Alcoa Corporation has invested approximately $50 million in sustainable, profit-seeking capital projects at the location.