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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