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hydro-invests-20m-in-verdox-aluminium-carbon-capture-tech
hydro-invests-20m-in-verdox-aluminium-carbon-capture-tech

Hydro invests $20m in Verdox aluminium carbon capture tech

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Norway-based sustainable industry company Hydro is accelerating its decarbonisation efforts following a $20m (£14.7m) investment – giving it minority ownership position – in carbon capture specialist Verdox to help capture emissions produced from its aluminium smelter technology.

Having entered a collaboration last year (2021), the companies have already tested the applicability of Verdox’s carbon dioxide (CO2) capture technology that will be used to capture emissions from the off gas of Hydro’s aluminium smelters. 

The next phase will see the technology itself tested and piloted at Hydro’s aluminium smelters with the goal of reaching industrial scale by 2030. 

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