This Morning in Metals: Norsk Hydro to explore hydrogen facility opportunities

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This morning in metals news: Oslo-based Norsk Hydro said it is exploring the potential for developing and operating hydrogen facilities; meanwhile, the Consumer Price Index for All Urban Consumers increased by 0.6% in March; and En+ Group touted its development of a high-purity aluminum.

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Norsk Hydro to look into possibility of developing hydrogen facilities

Norsk Hydro said it is looking into the possibility of developing and operating hydrogen facilities.

green hydrogen

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The firm said the facilities would serve both internal demand and the external market.

“We see a substantial potential for industrial hydrogen consumption,” said Hilde Merete Aasheim, president and CEO. “Taking a developer and operator role in the hydrogen sector represents an opportunity for Hydro to reduce industrial CO2 emissions and develop a profitable and sustainable business based on hydrogen.”

CPI ticks up in March

Meanwhile, the Bureau of Labor Statistics reported the CPI for All Urban Consumers rose by 0.6% in March.

The jump follows an increase of 0.4% in February.

Furthermore, the March increase marked the largest one-month rise since August 2012.

In addition, the energy index rose by 5.0% in March. Within energy, the gasoline index jumped by 9.1% after rising by 6.4% in February.

En+ Group touts high-purity aluminum

The En+ Group this week said it had produced the industry’s lowest-carbon aluminum.

“En+ Group Metals segment (RUSAL) has successfully produced aluminium with the industry’s lowest carbon footprint – less than 0.01 tonnes of CO2 equivalent per tonne of metal (Scope 1, Scope 2 – direct and indirect energy emissions),” the firm said in a release. “The purity of the aluminium produced is higher than 99%.”

The group’s metals segment produced the aluminum at its Krasnoyarsk Aluminum Plant.

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