Elkem ASA (ELK)

[steeler77]

Har sett webcasten nå (ligger på elkems hjemmeside). Er ikke så veldig bekymret, men tror ikke starten på 2024 blir noen høydare. Resten av året er vanskelig å si noe om. Mye henger på at man må se økt etterspørsel. De tar diverse grep som virker fornuftige i dagens situasjon.

[TekBot]

Elkem ASA - Exercise of share options under share incentive programme

Oslo, 9 February 2024

Option holders under Elkem ASA’s (“Elkem” or the “Company”, OSE ticker code:
…

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“ELK”) share incentive programme have today exercised 50,000 options at an
exercise price of NOK 19.10 per share. The exercised options will be settled by
delivery of Elkem’s shareholding of own shares. Following the transfer, the
Company will hold 5,501,090 own shares.

The exercised options have been granted in accordance with the Company’s share
option programme described in the Company’s latest annual financial statement.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: [email protected]

About Elkem

Elkem is one of the world’s leading providers of advanced silicon-based
materials shaping a better and more sustainable future. The company develops
silicones, silicon products and carbon solutions by combining natural raw
materials, renewable energy and human ingenuity. Elkem helps its customers
create and improve essential innovations like electric mobility, digital
communications, health and personal care as well as smarter and more sustainable
cities. With a strong track record since 1904, its global team of more than
7,400 people has a joint commitment to stakeholders: Delivering your potential.
In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings
of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on
the Oslo Stock Exchange (ticker: ELK), where the company is also included in the
ESG Index. www.elkem.com

Kilde

[Excession]

Gitt hvor dårlig året 2023 var, så har det vert for enkelt å opptjene disse opsjonene, imo.

[TekBot]

Ny rente

Se vedlegg på www.newsweb.no
…

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Kilde

[TekBot]

Ny rente

Se vedlegg på www.newsweb.no
…

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Kilde

[TekBot]

Ny rente

Se vedlegg på www.newsweb.no
…

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Kilde

[TekBot]

Ny rente

Se vedlegg på www.newsweb.no
…

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Kilde

[TekBot]

Elkem appoints new acting SVP for Silicones division

Larry Zhang has accepted a new position in Sinochem and Sandy Chen has been
appointed Acting Senior Vice President for Elkem’s Silicones division, a leading
global player in fully integrated silicone manufacturing.
…

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Both will step into their new roles with immediate effect.

Sandy Chen comes from the position as the Vice President Asia Pacific region in
the Elkem Silicones division. Sandy has a long and extensive experience both
within leadership and the silicones global business. She holds a polymer
master’s degree from Beijing Technology and Business University.

“Elkem is one of the world’s leading suppliers of silicon-based advanced
material solutions shaping a better and more sustainable future, and we are
proud to be a global leader in fully-integrated silicone manufacturing. Elkem
pursues a strategy of dual play growth and green leadership, and this will
continue in the Silicones division under Sandy’s temporary leadership. I know
Sandy as a committed business leader and I very much look forward to having her
as a temporary member of Elkem’s corporate management team, until a permanent
solution is in place,” says Elkem’s CEO Helge Aasen.

“I am honored to be appointed as the Acting SVP for Elkem’s Silicones division
and will do my utmost to lead the global team delivering on our ambitious
targets in 2024,” says the acting SVP Silicones Sandy Chen.

Elkem’s silicones division is a fully integrated producer from silicon metal to
upstream siloxanes and downstream silicone specialties. The division has two
large expansion projects in France and China which will be finalised in 2024.
These projects will improve the plants’ cost positions, mainly through lower
energy and raw material consumption. The new production line in China is
expected to be on level with the current lowest cost producers.

For further information, please contact:

Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: [email protected]

Maria Ekornes Myhre
Acting VP Corporate Communications and Public Affairs
Tel: +47 994 12 707
Email: [email protected]

Elkem is one of the world’s leading providers of advanced silicon-based
materials shaping a better and more sustainable future. The company develops
silicones, silicon products and carbon solutions by combining natural raw
materials, renewable energy and human ingenuity. Elkem helps its customers
create and improve essential innovations like electric mobility, digital
communications, health and personal care as well as smarter and more sustainable
cities. With a strong track record since 1904, its global team of more than
7,400 people has a joint commitment to stakeholders: Delivering your potential.
In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings
of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on
the Oslo Stock Exchange (ticker: ELK), where the company is also included in the
ESG Index. www.elkem.com

Kilde

[TekBot]

Elkem focuses on core business, exits Vianode

Oslo, 11 March 2024

Elkem has decided to exit its financial investment in the advanced battery
…

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materials company Vianode.

This is in line with the previously announced comprehensive programme for
earnings improvements and capex reductions in Elkem, and a focus on Elkem’s core
business.

Going forward, Vianode will continue to be backed by global aluminium and
renewable energy company Hydro and Altor Fund V, a fund managed by Altor Fund
Manager.

Through the highly skilled employees who have joined Vianode from Elkem since
its founding in 2021, Vianode will continue to benefit from world-class
competence in advanced battery materials.

The parties have agreed that the terms of this transaction shall not be
disclosed.

This release contains inside information related to Elkem ASA pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This release is issued by
Odd-Geir Lyngstad, VP Finance and Investor Relations, Elkem ASA. Date and time
of publication: 12:35 CET, 11.03.2024.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: [email protected]

Maria Ekornes Myhre
Communication Manager
Tel: +47 994 12 707
Email: [email protected]

About Elkem
Elkem is one of the world’s leading providers of advanced silicon-based
materials shaping a better and more sustainable future. The company develops
silicones, silicon products and carbon solutions by combining natural raw
materials, renewable energy and human ingenuity. Elkem helps its customers
create and improve essential innovations like electric mobility, digital
communications, health and personal care as well as smarter and more sustainable
cities. With a strong track record since 1904, its global team of more than
7,400 people has a joint commitment to stakeholders: Delivering your potential.
In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings
of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on
the Oslo Stock Exchange (ticker: ELK), where the company is also included in the
ESG Index. www.elkem.com

Kilde

[steeler77]

Litt skuffet over denne meldingen om at de går ut av Vianode. Hadde sett frem til en ny inntektskilde for selskapet. Virker imidlertid som markedet var fornøyd.

[Excession]

Vil ikke dette egentlig være positivt da Vianode sikkert er ekstremt risky business?

[steeler77]

Det vil kreve endel investeringer å få fabrikken opp å stå, men det vil nok være bra marked for produktet.

Litt suspekt at ikke man vil ut med salgssummen. Vil tro de har måttet kvitte seg med andelen sin ganske billig.

[Excession]

Det er desverre ganske vanlig at de ikke vil oppgi pris på kjøp og salg, trenger ikke være negativt. Men kan godt være det også. Jeg vet ikke i dette caset.

[TekBot]

Elkem ASA - Waiver process successfully concluded

Oslo, 12 March 2024

Elkem has initiated a waiver process with the lenders regarding the financial
…

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covenants in its loan agreements. This process has now been successfully
concluded.

Elkem has two financial covenants in its loan agreements:

· Interest Cover Ratio shall exceed 4.00:1.00, and
· Equity Ratio shall be equal to or more than 30%.

The financial covenants are applicable to Elkem’s EUR 1,000 million bank
facility and Schuldschein loans in the total amount of EUR 261 million.

The lenders have now granted a temporary waiver of the Interest Cover Ratio for
each of the quarters of 2024, and so that the applicable Interest Cover Ratio
shall exceed 3.00:1.00.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: [email protected]

About Elkem
Elkem is one of the world’s leading providers of advanced silicon-based
materials shaping a better and more sustainable future. The company develops
silicones, silicon products and carbon solutions by combining natural raw
materials, renewable energy and human ingenuity. Elkem helps its customers
create and improve essential innovations like electric mobility, digital
communications, health and personal care as well as smarter and more sustainable
cities. With a strong track record since 1904, its global team of more than
7,400 people has a joint commitment to stakeholders: Delivering your potential.
In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings
of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on
the Oslo Stock Exchange (ticker: ELK), where the company is also included in the
ESG Index. www.elkem.com

Kilde

[Do2Do]

Pressebrief om Co2 kompensasjonsordning kl 0830

Pressekonferanse om CO2-kompensasjonsordningen

[aTinyHorse]

Not great, not terrible for Elkem.

Tak på 7mrd årlig (vil inflasjonsjusteres), ikke knyttet til kvoteprisgulv, minst 40% skal brukes på CO2-reduserende tiltak.

[TekBot]

Elkem and Ferroglobe to study CCS in a common hub in Rana

Enova has granted Elkem and Ferroglobe a grant of 17 million NOK, for a pre
-study to continue the development of a joint carbon capture and storage (CCS)
project in Rana, Norway. The project, if finally realized, will capture 95% of
…

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CO2 from the two plants, a total of 520.000 MT, for permanent storage, as well
as recover all excess energy from both plants.

“We are pleased to receive this grant from Enova, which will enable us to
continue our important work towards reducing our carbon footprint. CCS is
essential to reach net zero by 2050, and with this pre-study we will continue
developing the strategy and maturing the concept for capturing and storing the
CO2 from our plants. Funding, such as from Enova, is vital to make this project
a reality,” said Helge Aasen, CEO of Elkem.
Elkem also plans to increase the use of biocarbon as a reductant within 2031,
and some of the captured CO2 from Rana will be biogenic. This means that there
is potential for negative emissions.

“Support schemes which make CCS viable in a competitive global industry is
necessary if we are to reach net zero. Credits for carbon removal is also among
the possibilities, and we are glad the Norwegian government is looking into
different potential financing schemes for carbon removal,” said Helge Aasen.

The objective of the pre-study is to establish technical solutions for a carbon
capture, liquefaction, temporary storage and off-loading system at port, and
energy recovery systems, integrated to the two smelting plants. The technical
solutions and documentation will be detailed to enable capex and opex estimates
and preparing to further mature the projects.

“We are pleased to support Elkem’s work on the development of this exciting
carbon capture project. Carbon capture technology will play a crucial role in
the transition to a low-emission society, and this project is an important step
in the right direction,” says CEO of Enova, Nils Kristian Nakstad.
The total CO2 emissions from the two plants will be about 520,000 MT CO2/year,
and the project is planning for a capture rate of about 95%. This capture level
was achieved in Ekem’s pilot project, which was completed in 2023. Part of the
CO2 will be biogenic, and total energy recovered is between 900-1000 GWh,
sufficient for carbon capture and domestic heat system in Mo i Rana, with excess
energy delivered to the grid as electrical power.
The overall budget for the pre-study is 33.4 MNOK, and the project will be
executed during 2024, with the final reporting during Q1/2025.

For further information, please contact:

Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: [email protected]

Maria Ekornes Myhre
Acting VP Corporate Communications and Public Affairs
Tel: +47 994 12 707
Email: [email protected]

Elkem is one of the world’s leading providers of advanced silicon-based
materials shaping a better and more sustainable future. The company develops
silicones, silicon products and carbon solutions by combining natural raw
materials, renewable energy and human ingenuity. Elkem helps its customers
create and improve essential innovations like electric mobility, digital
communications, health and personal care as well as smarter and more sustainable
cities. With a strong track record since 1904, its global team of more than
7,400 people has a joint commitment to stakeholders: Delivering your potential.
In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings
of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on
the Oslo Stock Exchange (ticker: ELK), where the company is also included in the
ESG Index. www.elkem.com

Kilde

[oddlot]

Elkem ser veldig bra ut teknisk nå. 50dagers gjennomsnitt på vei gjennom 200 dagers snitt . Golden Cross ? Står fort i 30 denne.

[nucleus]

https://www.finansavisen.no/industri/2024/03/19/8111371/pareto-bunnen-er-passert-for-hydro-og-elkem Elkem ble anbefalt…

[TekBot]

Elkem ASA - Annual report for 2023

Oslo, 22 March 2024

Elkem ASA has today published its annual report, including the ESG report, for
…

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the financial year ended 31 December 2023.

The annual report is available on Elkem’s website: www.elkem.com

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: [email protected]

About Elkem
Elkem is one of the world’s leading providers of advanced silicon-based
materials shaping a better and more sustainable future. The company develops
silicones, silicon products and carbon solutions by combining natural raw
materials, renewable energy and human ingenuity. Elkem helps its customers
create and improve essential innovations like electric mobility, digital
communications, health and personal care as well as smarter and more sustainable
cities. With a strong track record since 1904, its global team of more than
7,400 people has a joint commitment to stakeholders: Delivering your potential.
In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings
of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on
the Oslo Stock Exchange (ticker: ELK), where the company is also included in the
ESG Index. www.elkem.com

Kilde