Wes Edens: NFE to Supply a Brazil Plant, Norsk Hydro with LNG
Renewable energy and Norwegian aluminum firm, Hydro is set to buy LNG to replace most of its fuel consumption at the Hydro Alunorte aluminum smelter in Brazil. New Fortress Energy (NFE), the world’s largest energy infrastructure company, is expected to supply LNG to the plant in 2022.
According to Wes Edens, the gas is expected to come from the LNG refurbishment terminal next to the Hydro Alunorte refinery in Barcarena. Hydro plans to adjust the steam production section and combustion process at Alunorte to switch from combustible lubricants to LNG, the energy source. This supports the company’s climate strategy and ambitions to reduce greenhouse gas emissions by 30% by 2030.
Hydro Alunorte will facilitate the installation of LNG in the region. The availability of LNG is important for the industrial development of the region, and the replacement of carbon fuels with natural gas has little impact on the environment, said Wes Edens.
John Tuesta, Executive Vice President, Hydro’s Bauxite and Aluminum Oxide Division, said the team aims to implement sustainability and best practices to reduce the environmental impact of our operations. Hydro supports the use of LNG and natural gas in the province of Para. Access to LNG will allow Hydro to operate more sustainably while allowing other plants and consumers in Para Province to use natural gas.
New Fortress Energy is a worldwide energy infrastructure company established to accelerate the transfer of global clean energy. Specific factors that may lead to variations from the forward-looking statements include the absence of restrictions: the risks associated with the approval and execution of the final sale and purchase agreement, and the development, construction, and commissioning schedule.
It may not be possible to finance the project more than we expected, so it will not be possible to implement the plan for developing the power plant, the LNG terminal, and the main permits to supply electricity and natural gas to consumers. These factors do not have to be all the critical factors that make the actual results very different from those described in the NFE Vision Statement, noted Wes Edens.