Environmental Assessment for New Smelter Delayed Skip to content

Environmental Assessment for New Smelter Delayed

The Icelandic Ministry of the Environment has exceeded the deadline to decide whether all operations related to the Helguvík smelter in southwest Iceland should undergo a joint environment impact assessment by two and a half months, which could delay the project.

The aluminum smelter in Reydarfjördur (which launched operations in 2007) under construction. Copyright: Icelandic Photo Agency.

According to Morgunbladid it is also taking longer than expected for Reykjavík Energy to receive a letter of recommendation from the Ministry of Finance in relation to a loan worth ISK 30 billion (USD 242 million, EUR 152 million) from the European Investment Bank.

The stability pact between the government and the employment market states that the government will help with the execution of the large-scale operations that have already been decided, including operations related to the aluminum smelters in Helguvík and Straumsvík.

The pact also states that the government will not place any hindrances on such operations after November 1.

Click here to read more about the Helguvík smelter, which is currently under construction.

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