EC 912-631-7
chemXplore tracks 1 project producing ferrosilicon, of which one is active.
Of the active ones, 1 revamp / retrofit.
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.
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
Sale transfers pilot/demo facility and proprietary pellet tech; site to be upgraded to 15,000 t/yr of pellets, converting raw biochar into biocarbon for ferrosilicon decarbonisation and smelter supply.
Elkem introduces a new structure, reduces workforce by 300, and cuts costs by NOK 1.9 billion to enhance profitability amid market challenges.
EBITDA fell 24% YoY. Silicones sale to Bluestar boosts focus and flexibility. Safety incident in Lyon. Market uncertainties persist, but strong cost positions aid adaptation.
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