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Advertisement New Fortress Energy Inc. has announced that it has signed a Memorandum of Understanding (MoU) with a subsidiary of Norsk Hydro (Hydro) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years. “We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilising a cleaner and more affordable supply of energy,” said Wes Edens, Chairman and CEO of New Fortress Energy. Hydro is converting the calcination process and part of the steam generation at the Alunorte Alumina Refinery from fuel oil to natural gas, which is expected to reduce emissions by approximately 20%. ....
New Fortress Energy Signs 15 Year Contract To Supply Natural Gas To Norsk Hydro’s Brazil Refinery Energy infrastructure company New Fortress Energy has signed a Memorandum of Understanding (MOU) to supply natural gas to a subsidiary of Norsk Hydro. The agreement with the Alunorte Alumina Refinery in Brazil will last for a period of 15 years. Under the MOU New Fortress Energy will deliver a minimum agreed-upon volume of natural gas from its Barcarena LNG terminal. New Fortress Energy (NFE) Chairman and CEO Wes Edens said, “We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy.” ....
Press release content from Business Wire. The AP news staff was not involved in its creation. New Fortress Energy to Supply Natural Gas to Norsk Hydro’s Alunorte Alumina Refinery in the State of Pará, Brazil April 15, 2021 GMT NEW YORK (BUSINESS WIRE) Apr 15, 2021 New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that it has signed a Memorandum of Understanding (“MOU”) with a subsidiary of Norsk Hydro (“Hydro”) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years. “We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy,” said Wes Edens, Chairman and CEO of New Fortress Energy. ....