Alcan Iceland Smelter Increases Production Capacity Skip to content

Alcan Iceland Smelter Increases Production Capacity

The production capacity of the Alcan aluminum smelter in Straumsvík by Hafnarfjördur will be increased by 20 percent, from 189,000 to 228,000 tons, in the coming four years. All necessary permits are at hand.

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The Alcan smelter in Straumsvík. Copyright: Icelandic Photo Agency.

The smelter will not be enlarged but its current equipment will be updated so that more electricity can be used during the production, Morgunbladid reports.

It is estimated that operations will be completed at the end of 2012 and that the electricity will be increased gradually until full production capacity is achieved in mid-2014.

Landsvirkjun, the national power company, recently obtained loan capital in a bond offer at 6.5 percent interest rates. CEO of Landsvirkjun Hördur Arnarson said that is acceptable given the circumstances.

Click here to read about a power purchase agreement between Landsvirkjun and Alcan Iceland.

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