Norwegian Minister of Petroleum and Energy visits Elkem Salten
The Norwegian Minister of Petroleum and Energy, Terje Aasland visited Elkem Salten on Monday 22 May. Elkem’s supplies of critical raw materials to the green transition were among the topics presented by plant manager Ove Sørdahl.
Elkem Salten, located in Nordland county in Norway, is one of the world’s largest, most modern and most sustainable silicon plants exporting silicon and microsilica products worldwide. Silicon metal is ranked as one of the critical raw materials for the EU, and Norway is Europe’s largest producer.
The production of silicon is energy intensive, and Elkem more than 80% relies on renewable energy in its global operations. In 2021, Elkem opened a new energy recovery plant at the Salten plant, recovering 28% of the electrical energy used, equal to the power consumption of about 15,000 Norwegian households. This was the result of an investment of around NOK 1.2 billion, including financial support from the Norwegian government.
“We appreciate today’s visit from Minister Aasland, and we are pleased by the Norwegian government’s ambition to develop existing and future green industries in Norway. Elkem aims to be part of the solution to combat climate change – and to be one of the winners in the green transition. In order to achieve this, we are continuously working to reduce fossil CO2 emissions towards net zero by 2050, while at the same time growing our supplies of critical materials to growth markets like electric vehicles and renewable energy. Succeeding with the green transition here in Norway requires competitive framework conditions for energy and industry,” said Elkem’s CEO Helge Aasen.
For further information, please contact:
Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com
Fredrik Norman
VP Corporate Communications & Public Affairs
Tel: +47 918 66 567
E-mail: fredrik.norman@elkem.com
About Elkem
Elkem is one of the world's leading providers of advanced silicon-based materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,300 people has a joint commitment to stakeholders: Delivering your potential. In 2022, Elkem obtained a Platinum score from EcoVadis, which rated the company among the world's top 1% on sustainability transparency, and the company achieved an operating income of NOK 45.9 billion. Elkem is listed on the Oslo Stock Exchange (ticker: ELK). www.elkem.com
