Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (24825)	11/15/2007 7:22:45 PM
From: Pacing The Cage	Read Replies (2) \| Respond to of 218085

Looks like someone beat you to the idea of smelting Aluminum in the Middle East. ---------------- Hydro eyes further Middle East aluminum smelting growth By Tom Stundza -- Purchasing, 11/15/2007 Further expansion of Norsk Hydro aluminum smelting capacity in the Middle East is in the cards once its greenfield project in Qatar is up and running, the Norwegian company tells Dow Jones Newswires. "We're looking now for expansions (of our aluminum capacity)," says Torstein Dale Sjotveit, Norsk Hydro's head of primary upstream operations. "Qatar is a well located, stable political location. Our position is positive in that we're already in Qatar, and have a long-term relationship with Qatar Petroleum," the joint venture partner in the smelter project. Norsk Hydro has been active in Qatar in agricultural products since 1972, and in petrochemical products since the late 1990s. Noting the potential for gas-fueled projects in the Middle East, Sjotveit says plans for expansion are based on gas coming from Qatar. "There's lot of gas potential in the Middle East, in countries such as Qatar, Iran, Saudi Arabia, but there's a lot of distance between Qatar and Iran, great differences," he says. The company is about to start building its Qatalum smelter in Qatar, which has a planned initial annual capacity of 585,000 metric tons of primary aluminum and will be the largest aluminum plant ever built in one phase. The plant is located in the Mesaieed Industrial Area, south of Doha, with the site catering for a future expansion to 1.2 million tons annually. Africa also represents a potential treasure-trove of alumina and aluminum smelting opportunities, Sjotveit says, since the continent holds some of the world's best bauxite reserves. purchasing.com