other material
confidence high
sentiment positive
materiality 0.70
Century Aluminum announces $120M casthouse expansion for low-carbon billet production in Iceland
CENTURY ALUMINUM CO
- New billet casthouse at Grundartangi with 150,000 tonnes capacity; expected production start Q1 2024.
- Investment of $120 million; will create approximately 90 jobs.
- Primary foundry alloys capacity to double from 60,000 to 120,000 tonnes, replacing standard ingot.
- Project fully financed via green financing from Arion Bank (up to $130M term facility).
- Expected to produce low-carbon Natur-Al™ billet with <1/4 industry average CO₂ footprint.