norsk hydro asa headquarters

Name of the organization that made the acquisition, Stock ticker symbol (e.g. All activities in the areas of research, development, marketing, sales and services are coordinated at the headquarters in Ulm over 70 years, it has grown from what was once a small business into a brand that stands for highly specialized know-how and technical competence in aluminium system solutions. [32] In 2012, Statoil sent 45,000 barrels of oil per day by railroad cars from North Dakota. Norsk Hydro | Company Overview & News - Forbes [55][56] The contract with New York State was reportedly the largest offshore wind deal offered by an American state to date. [86] On October 13, 2006, Statoil reached a settlement with US authorities for its involvement in the case and was ordered by a US court to pay US$21 million in fines. Hydro had a significant presence in the oil and gas industry until October 2007, when these operations were merged with Statoil to form StatoilHydro. [16] Statoil's shareholders hold 67.3% of the new company, with Norsk Hydro shareholders owning the remaining 32.7%. | Fort de plus de 100 ans d'exprience au "cur de l'habitat", Opha a su dvelopper son expertise pour . This page was last edited on 9 April 2023, at 08:56. Odd Burger, disrupting the fast food industry, AI's rapid growth comes with caution, innovation, Nuvei and CNBS Software partner to transform payment processing, Rivian Automotive stock accelerates on new app acquisition. The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock, A score provided by CDP (formerly the Carbon Disclosure Project) that rates a company on its climate transparency and performance, Stock futures inch lower early Wednesday in a holiday-shortened week: Live Our purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. NO-0240 Oslo. In October 2007 it was made part of Statoil. The corporate staffs and corporate management are located here, in addition to the management teams for several of our business areas. A learning culture of challenges, responsibilities and variety. NORSK HYDRO A S A | 118 followers on LinkedIn. Statoil was required to discuss important issues with the Minister of Industry, later Minister of Petroleum and Energy. We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way. The pipelines from Norway are organized through Gassled. Higher all-in metal and alumina prices, in addition to . [11], In 2009, Statoil launched the world's first operational deep-water floating large-capacity wind turbine, Hywind. Language links are at the top of the page across from the title. Head Office Norsk Hydro ASA Country Norway Address Drammensveien 264, Oslo, Oslo, 0283 Phone Number 47 2 2538100 Website www.hydro.com Other Locations & Subsidiaries Duke Energy Europe Northwest BV Netherlands Hydro Aluminium AS Norway Slovalco AS We depend on different perspectives to build industries that matter for a more sustainable future. Production, which had originally been planned to start in 2018, was temporarily shelved while the company and its partners reassessed the viability of the project and explored ways to reduce development costs. [6] The Norwegian meaning of the former name Statoil is 'state oil', indicating that the oil company is state-owned.[7]. 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We are responsible for developing new business opportunities for Hydro within both renewable energy, hydrogen and batteries, and we provide support to the rest of Hydros business areas on contracts, security of supply and energy framework conditions. The company's management team was initially to be led by President and CEO Helge Lund (who previously held the same posts at Statoil), with Eivind Reiten, the President and CEO of Hydro, acting as Chairman. Our climate strategy is to cut our CO2 emissions 30% by 2030. In 2004, Hydro Agri de-merged from Norsk Hydro and became an independent company called Yara International ASA. [3] As of 2021,[update] the company has 21,126 employees.[2]. Yara International Coordinates: 595452.70N 104254.15E Svein Tore Holsether, President and CEO of Yara International ASA Yara International ASA is a Norwegian chemical company. [43] In the course of this, Yara published a statement in which they called on the Belarusian state company to stop punishing workers. [57] Authorities[who?] View Company Info for Free Phone : +33 (0)3 88 79 84 00 [79], In 2016, Equinor (then Statoil) was ranked as the 5th best of 92 oil, gas, and mining companies on indigenous rights in the Arctic.[80]. Press releases, photos, stories, facts and figures you will find everything you need here. [21] The name was changed on 2 November 2009[22], The Norwegian state's share of the company after the merger was initially 62.5%. Headquartered in Oslo, Norway, Norsk Hydro ASA is a supplier of aluminum and aluminum products. Anders.Vindegg@hydro.com. [108] Equinor has injected CO2 into the Utsira formation on the Sleipner gas field for environmental storage purposes since 1996. Norsk Hydro Company Profile: Stock Performance & Earnings - PitchBook It employs 101-250 people and has $50M-$100M of revenue. [19] It is the ninth largest oil company in the world, and would be the 48th largest company in the world on the current Fortune Global 500 list with a revenue of NOK 480 billion.[20]. The heritage of Equinor derives from three major Norwegian petroleum companies Statoil, Norsk Hydro, and Saga Petroleum (the latter two merged in 1999). Reference is made to the stock exchange notice by Norsk Hydro ASA ("Hydro") on May 10, 2023 regarding inter alia the resolution by the annual general . report available on the market, Understand Norsk Hydro ASA position in the market, performance and strategic initiatives, Gain competitive edge and increase your chances of success. With access to a competitive source of gas and a strategic location in the Middle East, the joint venture opened up a global market for the company. [92], Exploration for oil and gas in the Great Australian Bight first began in the late 1960s. 500, Load Up, Says Raymond James About These 2 Strong Buy Stocks, Dow & Nasdaq 100 return to recent highs, while Nikkei 225 drops back. The current company was formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. They are the third-largest integrated aluminum supplier in the world. WhatsApp acquired by Facebook), Total number of sub-organizations that belongs to a parent Organization. [29][30][31], In 2011, Statoil bought Brigham Exploration for $4.4 billion to gain access to its oil shale operations in North Dakota's Bakken formation. On 24 May 2010, Statoil sold a 40% stake in the Peregrino field to Sinochem, the Chinese state-controlled oil company, for a cash sum of $3.07 billion, but retained 60% and the operatorship. Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. [10], In 2007, Statoil bought a large area in the Athabasca oil sand field in Canada after purchasing North American Oil Sands Corporation for $2.2 billion. Bernt Reitan ( 20122014) announced in April 2014 he that he would not seek another term after May 2014. Norsk Hydro ASA Company Profile & Data: stocks, market cap, financials To tackle our global challenges, the world needs to produce and consume in new ways. Hilde Merete Aasheim has been the CEO since May, 2019. Hydro - Overview, News & Competitors | ZoomInfo.com Contact your local Hydro unit or your customer representative for questions regarding ISO certificates, product quality, customer deliveries, local positions. The Company provides automotive and transport products, building systems, casthouse products, extruded products, rolled products, and wire rod. The gas is transported to the Sleipner Treatment platform, where the CO2 is removed. The late 1970s to the mid-1980s was a period of rapid growth, through the acquisition of major fertilizer companies in France, Germany, the Netherlands and the UK. Box 980 0240 Oslo Norway The Wilderness Society showed that a worst-case scenario leak of oil could have a catastrophic effect on the southern coastline of Australia. Press releases, photos, stories, facts and figures you will find everything you need here. Besides his own research, Moene also points to similar results from Paul Collier.[67][68][69]. Street address. [57], In February 2021, Equinor completed the sale of its shale assets in the Bakken formation of North Dakota to Grayson Mill Energy for $900 million. It produces, distributes, and sells nitrogen-based mineral fertilizers and related industrial products. [88][89], In 2012, a UK company, Ecclesiastical Investment, announced they were selling their stake in Statoil, as a result of perceived unethical practices related to Athabasca oil sands projects. [43], In October 2017, Statoil commissioned the 30-MW Hywind Scotland floating wind farm 29 kilometres (18mi) off Peterhead, Scotland. In 2009, it was announced that the Norwegian government had reached its goal of obtaining 67% of Statoil's share. Halvor Molland The project included construction of a. Norsk Hydro ASA (often referred to as just Hydro) is a Norwegian aluminium and renewable energy company, headquartered in Oslo. Also in separate proceedings, her husband is alleged to have taken more than $150 million from entities associated with the fertiliser plant and to have spent the money on private planes and other luxury goods. ", "Financial Sanctions Impact Russian Oil, Equipment Export Ban's Effects Limited", "EXCLUSIVE: How Norway's Equinor exited Russia: Move fast, sell cheap", "E.ON and Statoil to Jointly Build 385MW Arkona Offshore Wind Farm", "Revised ownership structure in UK offshore wind project", "Purchasing JET automated stations in Scandinavia", "Finnish retailer St1 buys 198 Statoil stations", "Statoil Fuel & Retail Rises in Oslo on First Day of Trading", "Statoil files OSE application to list Statoil Fuel & Retail ASA", "Couche-Tard Completes Acquisition of Statoil Fuel & Retail", "Statoil stations to change name to Circle K", "Rekordgodt Equinor-resultat: 132 milliarder kroner i justert driftsresultat i fjerde kvartal", "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic", https://web.archive.org/web/20120515095015/http://goldmanprize.org/sites/goldmanprize.org/files/Ouroboros_Spring_2010.pdf, "Five arrested after clashes at Corrib gas line protest", "Equinor Exits Ireland with $434M Sale of Corrib Gas Field Stake to Vermilion Energy", "Statoil admits bribe for Iran oil rights", "Statoil halts North Sea oil development over windfall tax", "Etisk fond trekker seg ut av Statoil - Aftenposten", "Rosneft and Statoil in Arctic exploration deal - BBC News", "Arctic Johan Castberg field decision postponed by Statoil to 2015", "Petroleum Exploration in the Great Australian Bight", "Oil giant Chevron aiming to begin drilling its first exploration well in the Great Australian Bight in 2017", "ABC news. [21] In January Yara reached an agreement with Vale to sell its Brazilian shares of Fosfertil for $785 million US. An important reason why they are also a major player in the light metals field. The stations in Norway originated as Norol stations, while the stations in Denmark and Sweden were purchased from Esso in 1985, and the stations in Ireland were purchased from British Petroleum in 1992 and ConocoPhillips Jet in the mid 1990s, then sold by Statoil to Topaz Energy in 2006. Skip to main content LinkedIn Discover People Learning Jobs Join now Sign in Norsk Hydro ASA, Wuxi Tubing Plant Motor. Company Profile NHY. Through further privatization in 2004 and 2005, the government's share was reduced to 70.9%. A learning culture of challenges, responsibilities and variety. In 1969, Norsk Hydro entered into its first joint venture, with authorities in Qatar. [41] Statoil expects oil demand to peak in the 2020s, and continually decline thereafter due to electric transportation. It is one of the largest aluminium companies worldwide. [42], In connection with the protests in Belarus in 2020, the opposition politician Sviatlana Tsikhanouskaya called Yara International to stop working with Belarusian state-owned company Belaruskali or to ensure that they respect workers' rights. Before it's here, it's on the Bloomberg Terminal. Read More View Company Info for Free Who is Hydro Headquarters Equinor is involved in a number of pipelines, including Zeepipe, Statpipe, Europipe I and Europipe II, and Franpipe from the Norwegian continental shelf to Western Europe in addition to the Baku-Tbilisi-Ceyhan pipeline in Caucasus. [110], Two musical prizes are included in the program. [7], The Norwegian government owns more than a third of Yara and is its largest shareholder. Its global operations include casthouse products, building systems, extruded and rolled products, and automotive and transport products, distributed worldwide. The total amount of income generated by the sale of goods or services related to the company's primary operations, Represents the total incurred expenses through normal operations, Companys earnings for a period net of operating costs, taxes, and interest. NO-0283 Oslo. kr175.79 Billion. [64] After the introduction of international sanctions during the Russo-Ukrainian War against Russia,[65] Equinor has kept a much lower public profile on its Russian activities while continuing largely as before. Norsk Hydro ASA Company Profile | OSLO, OSLO, Norway | Competitors At the end of the 1990s, the company was also established in Brazil and South Africa. Address Norsk Hydro ASA P.O. Acquisitions, joint ventures and expansions, Administrative Council for Economic Defense, "Yara International ASA 2020 Integrated Annual Report", "Yara Quarterly Profit Gains Threefold; Buys Plant", "Yara International ASA - Company Profile and News", "Yara ousts chief amid $27bn merger talks with CF: Chairman of Norwegian fertiliser company rejects image of chaos", "Yara: the fertiliser giant causing climate catastrophe Corporate Watch", "Yara buys controlling stake in Fertibras for $126m", "UPDATE 2-New Yara CEO quits before he starts after merger talks announcement", "PPB ran 'flawed' process for sale of Oswals' Burrup Fertiliser shares, court told", "Executive Order 13566 of February 25, 2011: Blocking Property and Prohibiting Certain Transactions Related to Libya: GENERAL LICENSE NO. [82] In the summer of 2005, five men from Rossport were jailed for contempt of court after refusing to obey a temporary court injunction, which forbade interfering with the project. Norsk Hydro ASA posted third-quarter adjusted EBITDA of NOK 7,219 million, compared with NOK 3,100 million for the same quarter last year. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy. Norsk Hydro ASA - Overview, News & Competitors | ZoomInfo.com Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. Entering service in 2018, it will be fully autonomous by 2020. 2023-06-30 | OTCQX:NHYDY | Press Release | Norsk Hydro ASA - Stockhouse 1910: What became of Professor Birkeland? These improvements mean lighter, more fuel-efficient, and more comfortable cars. Its reportable segments are the business areas: Hydro Bauxite & Alumina, activities includes bauxite mining activities, production of alumina and related . MEDSENIC | 163 followers on LinkedIn. The controversy climaxed with civil disobedience by the environmentalists, but the centre was still built. [1] [14] However, Reiten decided to resign as chairman three days after the merger because of a possible corruption case in Hydro's former oil division. By continuing to use our service, you agree to our use of cookies. (SPACs), Transportation, Infrastructure & Logistics, Save hours of research time and resources with our up-to-date, most comprehensive Norsk Hydro ASA. News - Norsk Hydro We want to contribute to creating a fair society and circular economy by producing responsibly, delivering circular solutions, making net-zero aluminium by 2050 or earlier, and producing and using more renewable energy. Contact Information Website www.hydro.com Ownership Status Publicly Held Financing Status Corporate Backed or Acquired Primary Industry Industrial Supplies and Parts Stock Exchange OSL Primary Office P.O. Access more premium companies when you subscribe to Explorer, Contact the team or request a demo to find out how our data can drive your business forward, Transportation, Infrastructure and Logistics, Get exclusive access to more locations data when you unlock full profile, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. Hydro is a leading industrial company committed to a sustainable future. See. With us, youre part of a bigger story. Norsk Hydro was led by Johan Berthin Holte as CEO from 1967 until 1977. Norsk Hydro ASA : NHY Stock Price | NO0005052605 | MarketScreener Represents the company's profit divided by the outstanding shares of its common stock. [60], Equinor partnered with Norwegian renewable energy company Vrgrnn in 2021 to acquire wind acreage in the Utsira Nord region of the North Sea.[61]. MEDSENIC | LinkedIn In November 1987, several members of the board offered their resignation over approximately $780 million worth of cost overruns at the Mongstad refinery. Please accept marketing cookies to view this content, The power of power - Hydro Energys history, Green and Sustainability-Linked Financing Framework, Invitation to Hydro's second quarter results 2023, Hydros roadmap to zero emission aluminium production, Proposal / request to general meeting of shareholders, Wide MPEs - aluminium profiles for battery cooling, Developing carbon capture and storage technology for aluminium smelters, HalZero zero-emission electrolysis from Hydro, Successful test operation cleaner fjord in Gunneklev, Using personal identification information, Norwegian code of practice for corporate governance, 2013: The world's biggest manufacturer of aluminium extrusions, 1996: Ormen Lange a fortune in the Halten bank, 1987: Cleaning up the dark side of industry, 1966: A unique collaboration between two men with quite different backgrounds, 1950: The metal is magnesium, the car is the Beetle, 1947: rdal: light at the end of a long tunnel, 1939: Holidays at Hydros cabins by the sea and in the mountains, 1930: Cooperation and market shares during the depression, 1919: Research as driving force and inspiration. [23][24] In 2012 Alimentation Couche-Tard bought Statoil Fuel & Retail for $2.8 billion.[25]. Norsk Hydro ASA peers and key competitor information including headquarters, annual revenue and number of employees. Measures how much net income or profit is generated as a percentage of revenue. Petrofrontier's Georgina Basin shale oil and gas bearing structures consistent with other producing areas in Australia and North America. Drammensveien 264. About us | WICONA by Hydro [23] In 2016 the Oswal couple was still litigating the fairness of the proceedings, alleging coercion. [37], In October 2014, Statoil sold its 15.5% stake in the Shah Deniz gas field in Azerbaijan to Petronas for a fee of $2.25billion. [37] Yara International announced in September 2014 that it was in talks with CF Industries about a possible merger of equals, a deal worth over $27 billion. [74] In total Statoil had about 2,300 fuel station services in Denmark, Estonia, Ireland, Latvia, Lithuania, Norway, Poland, Russia, and Sweden, as well as significant lubricants and aviation fuel operations. In 1973, the company started work acquiring a presence in the petrochemical industry. [91][64] In June 2014, Statoil announced it had completed a 12-month exploration program of its Castberg license project in the Arctic and found less-than-expected oil reserves. [48] It also owns 25% stake in the 385-MW Arkona wind farm offshore Germany. The political motivation was Norwegian participation in the oil industry on the continental shelf and to build up Norwegian competency within the petroleum industry to establish the foundations of a domestic petroleum industry. We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way. When you choose aluminium from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. In 1995, Hydro merged its stations in Norway and Denmark with Texaco, creating the joint venture HydroTexaco. In November 2021, Equinor exited the project after selling its 36.5% stake to Vermilion Energy for $434 million (382 million). (In 2012, Statoil had 4 oil sand licences (oljesandlisensene ) as part of the Kai Kos Deh Seh project: Leismer, Corner, Hangingstone, and Thornberry). Under the agreement, Statoil became a partner on six offshore licenses, as well as expanding biofuels production. This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act and the Euronext Rule Book part II. Norsk Hydro ASA - Company Profile, Information, Business Description Equinor left Russia in September 2022 after striking a deal with Rosneft, selling its Russian assets and transferring future liabilities and investment commitments for one euro. On June 29, 2004, Statoil was found guilty of corruption by the Norwegian courts and was ordered to pay NOK 20 million in fines. Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways. The company used Norway's large hydroelectric-energy resources to produce its first product. [66], The Norwegian economics professor Karl Ove Moene has, in the Norwegian business daily Dagens Nringsliv, raised the question of Equinor and resource curse. Enger, the former CEO, received the harshest sentence, three years. [87], In March 2011, Statoil halted work on two North Sea oil field projects and laid off thousands of people due to a 2 billion U.K. tax on the sector. Financial Market Data powered by QuoteMedia. Equinor owns and operates the 30-MW Hywind Scotland floating wind farm 29 kilometres (18mi) off Peterhead, Scotland. Norsk Hydro ASA has raised NOK141M. Norsk Hydro ASA is a company that operates in the Design industry. [18], In 2008, Thorleif Enger retired, and Jrgen Ole Haslestad[no] became CEO. Hydro Partners with SolarDuck and TNB for Offshore Floating Solar Energy Project in Malaysia, Hydro to Construct State-of-the-Art Aluminum Recycling Plant in Spain, Venture Capital Investors with Investments in New England. The company also has processing plants at Kolsnes, Krst, Mongstad, Tjeldbergodden, and Melkya. NORSK HYDRO ASA 2021 | Rating & Ranking | OpenCorporation [28] Yara issued fictitious invoices to account for the money transfers, which were deposited in the bank account of a relative of Ghanem in the UBS Bank in Switzerland. Total number of shares: 2,041,208,621. In the 1980s, Statoil decided to become a fully integrated petroleum company and started building the Statoil fuel station brand. Norsk Hydro ASA. Our climate strategy is to cut our CO2 emissions 30% by 2030. The Statoil stipend to a Norwegian pop/rock artist or group has been awarded since 2008 during the by:Larm festival and is meant to stimulate an international career. [102][103], In 2023 it was revealed that a Equinor sponsorship agreement of the Wonderlab exhibition at the Science Museum, London contained a gag clause preventing museum or its trustees make any statement or issue any publicity or otherwise be involved in any conduct or matter that may reasonably be foreseen as discrediting or damaging the goodwill or reputation of the sponsor. It was founded in 1905 and has its headquarters in Oslo, Norway. Norsk Hydro ASA Stock Quote (Norway: Oslo) - MarketWatch [81] It was seen as a big scandal in the Norwegian press. We also use them to share usage information with our partners. 30% of the Russian fertilizer producer OAO Minudobreniya ("Rossosh"), bought in February 2005. A world of opportunities for students, graduates and professionals. In 2015, the last Yara Prize was awarded before it was turned into the Africa Food Prize. [109], Equinor sponsors talents in art, education, and sports through the program Morgendagens helter (Tomorrow's heroes). [9] Norsk Hydro was founded by Sam Eyde, Kristian Birkeland, and Marcus Wallenberg Sr..[10][11] In 1903, Birkeland and Eyde had developed direct nitrogen fixation, called the BirkelandEyde process,[12] based on a method used by Henry Cavendish in 1784.[13]. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. [9], In September 2007, Statoil and the Brazilian oil company Petrobras signed a deal aimed at expanding exploration, sub-sea, and biofuels cooperation. Holiday Air Traffic Was Awful. 14 rue Saint-Nazaire Strasbourg, France France Map. The prize was launched in 2005. Halvor.Molland@hydro.com. CEO: Ms. Hilde Merete Aasheim. Equinor holds a 15.625% interest in the Deep Blue well on Green Canyon 723 in the deepwater Gulf of Mexico. Ghanem had been found dead in the Austrian Danube in 2012. Sponsorship for education focuses on natural sciences and included a yearly competition for high school students in Norway where Statoils realfagspris is awarded. [44], Libyan Norwegian Fertiliser Company B.V.,[56] registered in the Netherlands, is co-owned by Yara and "Libyan partners with close ties to Muammar Gaddafi and his clan" according to Dagens Nringsliv. [17] Jens Stoltenberg, the then Norwegian Prime Minister, commented that he viewed the merger as "the start of a new eracreating a global energy company and strengthening Norways oil and gas industry. The corporate staffs and corporate management are located here, in addition to the management teams for several of our business areas. [58][51] That month, a spokesperson for the company stated that Equinor was considering further sales of energy assets in the US, in the aftermath of the global oil price war. The company was listed on the Oslo Stock Exchange on March 25, 2004 and is a leading producer of ammonia, nitrates, nitrogen products, and NPK specialty fertilizers. [23] Radhika has also been accused of dodging a $186 million tax bill. Which industries do these Sub-Organization operate in? On 4 March 2008, Statoil bought Anadarko Petroleum's 50% share of the Peregrino oil field for $1.8 billion. In 1999, Hydro acquired Norway's third-largest petroleum company Saga Petroleum, which had major upstream operations primarily in Norway and the United Kingdom. Martine Rambl Hagen NOGHA CONSULTING | LinkedIn have frozen[when?] A friendly work environment of knowledgeable professionals. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. On his appointment, Haslestad stated: "Yara must continue its growth strategy. Norsk Hydro ASA, Wuxi Tubing Plant | LinkedIn [52], In August 2020, Equinor appointed Anders Opedal as its new CEO. It partnered with Gazprom and Total on the Shtokman project in the Barents Sea,[63] but this was shelved due to high costs and low gas prices. [8], The history of Yara dates back to the establishment of Norsk hydroelektiske kvelstoffaktieselskab, or Norsk Hydro, as it later became known, in December 1905 after nitrogen fertilizer was successfully produced at Notodden.
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