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Norsk Hydro ASA is a Norwegian company operating primarily in the aluminum and energy sectors. Founded in 1905, the company is headquartered in Oslo, Norway, and has a significant presence in the global aluminum market. Norsk Hydro's core business includes the production of bauxite, alumina, and aluminum products, as well as energy generation. It is also engaged in renewable energy initiatives, leveraging hydropower, which underscores its strategic focus on sustainable operations. The company's competitive strengths lie in its integrated value chain, from raw materials to finished products, and its commitment to sustainability and innovation. Norsk Hydro operates worldwide, with significant production facilities across Europe, the Americas, Asia, and Africa.

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $34 billion in revenue in 2025.