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The Alcoa Fjarðaál Aluminum Plant
With the March 5, 2003 approval by Iceland's Parliament of Alcoa's hydro-powered Fjarðaál smelter project, that presence will expand in Eastern Iceland. Fjarðaál ("aluminum of the fjords") is being designed to be one of the most environmentally friendly and competitive aluminum production facilities in the world. It will have an annual capacity of 322,000 metric tons and is expected to cost $1.1 billion over the next four years. The smelter will be supported by the construction of the Karahnjukar Power Station by the National Power Company and a harbor facility at Mjoeyri by the Fjardabyggd Harbor Fund. The combined project is one of the most extensive investments ever undertaken by Iceland, bringing community development and new jobs to Eastern Iceland.
Timelines:
| 2003-2005 |
Planning and design |
| 2004-2005 |
Harbor construction; smelter site clearing |
| Late 2005 |
Major construction begins |
| 2006 |
Major construction period |
| 2006 |
Recruiting |
| Mid 2007 |
First metal! |
About Alcoa:
- World's leading producer of primary aluminum, fabricated aluminum, and alumina.
- Active in all major aspects of the industry — technology, mining, refining, smelting, fabricating and recycling.
- 120,000 Alcoans in 41 countries
- 21.5 billion USD in revenues
- Alcoa makes a very sustainable product: almost 70% of the aluminum ever produced is still in use, equaling 480 million metric tons of a total 690 million metric tons manufactured since 1886.
- READ MORE ABOUT ALCOA HERE
- READ MORE ABOUT ALCOA IN ICELAND (ALCOA Fjarðaál) HERE
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