Wes Edens of New Fortress Energy Inc. has suddenly announced that they have agreed to a Memorandum of Understanding with a large subsidiary of Norsk Hydro, in order to facilitate and to supply natural gas to the prominent Alunorte Alumina Refinery in the state of Pará, Brazil for a contracted term of 15 years. Wes Edens, The Chairman and CEO of New Fortress Energy had great things to say regarding this agreement. He spoke of how wonderful the agreement is and how excited he was looking forward to the future. Wes Edens is thrilled for this Memorandum and the changes that it brings to the future of natural gas and the local economy of the state within Brazil.
Norsk Hydro is now changing their processes and generation procedures from older methods to now natural gas, and that is expected to remove their emissions rate by twenty percent. As part of the memorandum, New Fortress Energy has promised to deliver a minimum decided quantity of natural gas to the new refinery towards the company’s terminal in within Brazil.
This agreement proposal is now subject to its final writings and the participating parties have decided to work together in order to finish their commercial deal. The terminal in Barcarena is scheduled to be finished and available for the site to supply natural gas in the year two thousand and twenty two.