CENX - DTE secures $1.85M contract with Nordural Grundartangi ehf to support new low-carbon products

• DTE secures a $1.85M contract with Nordural Grundartangi ehf, a wholly owned subsidiary of Century Aluminium ( NASDAQ: CENX ) in Iceland.
• Per the terms, DTE will provide its revolutionary real-time chemical composition analysis solution for the four skimming stations of the new low-carbon billet casthouse.
• Nordural will benefit from maximizing throughput, minimizing cycle time in the furnaces, minimizing emissions and energy consumption, and removing bottleneck limitations in the casthouse.
• 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.
• The $120M 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.

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