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.
Elkem's role on them: Owner, Investor / Financier, Operator, Developer, and Technology / equipment supplier.
1 revamp / retrofit.
Licensors are recorded on this project For subscribers
Targeting: Ferrosilicon (1)
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.
Registered share capital is NOK 1,505,514,210 (301,102,842 shares, NOK 5 par). Board and Nomination Committee changes took effect; seller no longer represented.
Project (total NOK242m, 2026–28) will test industrial biocarbon across labs, pilots and five smelters to double biocarbon share (from ~25%) by 2030, potentially cutting up to 0.5 Mt CO2/yr
