DTE Secures $1.85m Contract for its Unique Real-Time Liquid Metal Intelligence Solution With Century Aluminium’s Nordural Site to Support New Low-Carbon Products

Rhea-AI Summary

DTE has secured a $1.85 million contract with Nordural, a subsidiary of Century Aluminium Company (CENX), for its advanced real-time chemical composition analysis solution at a new low-carbon billet casthouse in Iceland. This initiative aims to enhance operational efficiencies, minimize emissions, and reduce analysis costs. The casthouse will produce 150,000 tonnes of billets annually and is expected to start production in Q1 2024. The project represents a $120 million investment, creating approximately 130 jobs and responding to rising demand for low-carbon aluminium products.

Positive

• Secured a $1.85 million contract with Nordural for advanced analysis solutions.
• Project enhances operational efficiency and minimizes emissions.
• New casthouse will produce 150,000 tonnes of billets annually.
• The $120 million investment will create approximately 130 jobs.

Negative

• None.

REYKJAVIK, Iceland--(BUSINESS WIRE)-- DTE, a leader in metals intelligence, is pleased to announce the signature of a $1.85M contract with Nordural Grundartangi ehf, (“Nordural”) a wholly owned subsidiary of Century Aluminium Company (NASDAQ: CENX) in Iceland.

Under the contract, DTE will provide its revolutionary real-time chemical composition analysis solution for the four skimming stations of the new low-carbon billet casthouse. DTE’s solution will monitor the quality of the liquid aluminium transferred from the electrolysis potroom to the furnaces, optimizing the value chain by enabling the correct aluminium quality to be directed to the appropriate furnace based on the final product to be cast. Nordural will benefit from maximizing throughput, minimizing cycle time in the furnaces, minimizing emissions and energy consumption, and removing bottleneck limitations in the casthouse. DTE’s fully autonomous solution avoids the need for manual intervention by plant personnel, contributing to plant safety and reducing analysis costs.

Nordural’s decision was driven by a similar solution under testing in the existing casthouse. Olafur Arnar Fridriksson, Project Manager of the new billet casthouse at Nordural, commented, “We are very pleased to continue working with DTE. We see great potential in the equipment under testing in our current casthouse, so selecting DTE for this project was a straightforward decision. DTE is a strategic partner for Nordural, with their solution being gradually implemented throughout the production process”.

Diego Areces, CEO of DTE, said, “I’m very thankful and excited for this opportunity, which is a major milestone for DTE. Nordural has been one of our strategic partners and has remained a great supporter of DTE. We look forward to delivering on this commitment and contributing value to the new low-carbon billet casthouse project. In addition, we will continue working together, deploying DTE’s solution along Nordural’s production process to maximize operational efficiency, resilience, and sustainability.”

Nordural’s new value-added casthouse will have a capacity of 150,000 tonnes of billet production and is expected to start production in the first quarter of 2024. The expansion project will also double Grundartangi’s annual capacity to produce primary foundry alloys from its current 60,000 tonnes of capacity to 120,000 tonnes of capacity. This additional billet and primary foundry alloy capacity replaces standard-grade ingot production, raising expected product premiums for Grundartangi products. The $120 million investment is expected to create approximately 90 jobs during construction and approximately 40 permanently.

The new Natur-Al™ billets and foundry products will be produced to meet the growing demand from European customers for low-carbon aluminium products. Grundartangi uses Iceland’s 100% renewable energy resources to create Natur-Al™ aluminium, which has one of the lowest CO₂ footprints in the world. Natur-Al™ billet and foundry products will have less than a quarter of the CO₂ content of the industry average, fulfilling growing demand from Europe’s most environmentally conscious consumers. Natur-Al™ products can significantly reduce the carbon footprint of end products which is necessary for the highly competitive markets for consumer goods, vehicles, packaging, and construction materials.

About DTE

DTE, Unlocking the Future of Metals™, is the leading innovator in real-time intelligence from liquid metals, serving customers across the metals production and manufacturing value chain through maximizing value, sustainability, safety, and efficiency for all stakeholders.

Our purpose is advancing human progress with greener, safer, more efficient, and more valuable metals, contributing to the 1.5-degree challenge while driving digital transformation towards Industry 4.0 with the next generation of IIoT analysis technology. DTE provides tangible financial and environmental business outcomes from the plant floor to the business levels through valuable intelligence and predictive insights from liquid metals.

IREAS™, DTE’s unique, connected, real-time intelligence from liquid metals solution seamlessly integrates IT and OT, combining chemical composition analysis from molten metals based on liquid-phase laser-induced breakdown spectroscopy (LP-LIBS™) with an artificial intelligence-based analytics platform and digital metals intelligence services.

For more information, please visit www.dte.ai.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221021005143/en/

DTE ehf.

Diego Areces, CEO

diego.areces@dte.ai

Tel: (+354) 698 0173

Source: DTE

FAQ

What is the value of the contract signed between DTE and Nordural?

The contract value is $1.85 million.

When is the new billet casthouse expected to start production?

Production is expected to start in the first quarter of 2024.

How much aluminium will the new casthouse produce annually?

The new casthouse will produce 150,000 tonnes of billets annually.

What is the primary benefit of DTE's solution for Nordural?

DTE's solution will enhance operational efficiency, reduce emissions, and minimize costs.

How many jobs will the Nordural project create?

The investment is expected to create approximately 130 jobs.

What is Century Aluminium's stock symbol?

The stock symbol for Century Aluminium is CENX.