Owner Investor / Financier Operator Developer Technology / equipment supplier
Elkem ASA is a Norway-based global producer of silicon-based advanced materials and silicones. Its portfolio includes silicon metal, ferrosilicon and other foundry alloys, microsilica (silica fume), and a wide range of silicone intermediates, elastomers, and specialty formulations. Through its carbon business, the company supplies electrode paste and related carbon products for metallurgical processes.
Headquartered in Oslo, Elkem operates smelters, chemical plants, and R&D facilities across Europe, Asia, and the Americas, serving markets such as steel and foundry, construction, electronics, automotive, and industrial manufacturing. The company’s operations in the Nordics are known for leveraging hydroelectric power for energy-intensive smelting, and it pursues lower‑emission and circular solutions across its value chain.
Also known as Elkem Carbon Fiskaa and Elkem Silicones.
chemXplore tracks 2 projects involving Elkem, of which one is active.
Besides this one, the record holds 1 completed project.
Closest to start-up first.
The 1 that is completed, on hold or cancelled are in the record. See all 2 in chemXplore →
EBITDA fell to NOK 554 million in Q3 2026 as weak silicon prices hit results; foundry alloys and carbon outperformed and new EU trade measures and allowances improve the outlook.
Long-term electricity secured for an Iceland ferrosilicon plant: 127 MW PPA with flexible pricing from April 2029 that ties partly to the ferrosilicon market while keeping a price floor.
NOK 260m project to replace a furnace and off-gas equipment; installation starts Q1 2027; second furnace stays operational; aims to cut emissions and enable more biocarbon use.
Follows Norway's finding that domestic producers were under‑allocated versus EU peers; five plants to receive EU‑aligned allocations for 2026–2030.
EBITDA fell on weak silicon prices; raised NOK 1.8bn, refinanced EUR 1bn facility and obtained NOK 750m NIB loan; Elkem Iceland reclassified as discontinued.
Leadership change effective 3 August 2026; incoming CEO returns with industrial and investment experience and prior Elkem roles; outgoing CEO moves to board chair after 17 years.
Seven-year agreement secures 1,534 GWh for Bjølvefossen (2031–2037), supporting 150 jobs and low‑carbon foundry‑alloy production with 60,000 mt annual capacity.
AGM elected five shareholder board members: Helge Aasen (seat effective on his retirement as CEO), Marianne E. Johnsen, Christian Must, Astrid M. Hilde and Richard Olav Aa.
