The first priority will be to complete an environmental impact assessment prior to conducting initial seismic operations.
"Norsk Hydro ASA" is a Norway/Norwegian aluminium and renewable energy company, headquartered in Oslo. Hydro is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world and is active on all continents. The Government of Norway/Norwegian state holds a 34.3 percent ownership interest in the company, which employs approximately 12,500 people. Svein Richard Brandtzæg has been the CEO since 2009.
The company had a significant presence in the petroleum/oil and natural gas/gas industry until October 2007, when these operations were merged with rival Statoil to form StatoilHydro.
More Norsk Hydro on Wikipedia.Within new, renewable energy, the fund will seek out technologies that further prove the viability of wind, hydrogen, biomass and solar power as competitive areas technologically.
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