The discussion focused on how public and private investments paired with new programs under the Inflation Reduction Act and Bipartisan Infrastructure Law, such as tax credits, grants, and loans, can accelerate industrial decarbonization and increase American competitiveness, while boosting well paying jobs.

“As the largest producer of aluminum billet and extrusions in the United States, Hydro welcomes the Biden administration’s climate leadership and the comprehensive policy packages that promise to foster industrial innovation and accelerate the green transition,” says Kallevik.

Hydro produces over 1 million metric tonnes of recycling based billet in the United States.

“Recycling, particularly of post-consumer scrap, is a terrific way to reduce the carbon content of aluminum products. We need to get more post-consumer scrap back into the recycling loop, and we hope to see innovative technologies deployed, supported through the industrialization incentives found in the Inflation Reduction Act (IRA), to make that happen,” said Kallevik during the meeting at the White House.

Kallevik emphasized Hydro’s other decarbonization efforts, including electrification and development of new technology.  

“Hydro has made a significant investment in carbon capture company Verdox, a startup launched here in the United States from Massachusetts Institute of Technology (MIT), and we recently announced a in the development of our breakthrough aluminium smelting technology, HalZero,” said Kallevik.

The roundtable discussion also centered around how supply and demand side signals from the private and public sectors can spur even more investment in low carbon products, with a focus on private sector efforts through the First Movers Coalition and federal procurement programs under the administration’s Buy Clean initiative.

Hydro has operations across the United States, including ten aluminum recycling facilities and more than 20 extruded products manufacturing locations and two R&D centers. The company is currently building a new state-of-the art aluminum recycling facility in Cassopolis, Michigan and is looking to enter the areas of green hydrogen and battery materials in the United States.