Wednesday, May 12, 2010

NORSK HYDRO – ALUMINIUM & RENEWABLE ENERGY COMPANY

Norsk Hydro

Norsk Hydro is a Norwegian aluminium and renewable energy company, headquartered

in Oslo. The Norwegian state holds a 45% ownership interest in the company

The company had a significant presence in the oil and gas industry until 2007, when

these operations were merged with rival Statoil to form StatoilHydro.

Financed by the Swedish Wallenberg family and French banks, the company was

founded in 1905 as Norwegian Hydro-electric Nitrogen Ltd by Sam Eyde

The company used a novel technology for producing artificial fertilizers by fixing nitrogen from air. The

technology had been developed by the Norwegian scientist Kristian Birkeland.

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