(IN BRIEF) thyssenkrupp AG and EP Corporate Group (EPCG) have reached an agreement for EPCG to acquire a 20 percent stake in thyssenkrupp’s steel business, with discussions ongoing for a further 30 percent acquisition, aiming to form an equal 50/50 … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged acquisition, Daniel Křetínský, decarbonization, EPCG, Miguel López, partnership, steel business, sustainability, ThyssenKrupp
(IN BRIEF) Yara’s first-quarter 2024 earnings saw a decline, with EBITDA down by 11% compared to the previous year, primarily attributed to lower prices. Despite this, total deliveries surged by 12%, notably in Europe, which saw a 37% increase. The … Read the full press release
Posted in Business, Chemicals, Economy, Environment, Financial, Industrial, Investment, Management, News, Norway
Tagged decarbonization, earnings, Financial, investment, sustainability, Svein Tore Holsether, Yara
(IN BRIEF) Hydro has inaugurated the Høyanger Recycling facility, a significant step in its commitment to decarbonize the aluminium value chain and foster a circular economy. With an investment of NOK 240 million, the purpose-built facility, located near its primary … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Norway, Technology
Tagged decarbonization, Eivind Kallevik, Hydro, Høyanger Recycling facility, partnership, Recycling Capacity, sustainability
(IN BRIEF) AIXTRON, renowned for its semiconductor deposition equipment, secures the prestigious German Innovation Award, topping the large companies’ category. Recognized for innovations driving Germany’s competitiveness and addressing global challenges, AIXTRON’s latest G10 product family heralds a new era in … Read the full press release
Posted in Awards, Germany, Industrial, Technology
Tagged AIXTRON, AIXTRON SE, Compound semiconductors, decarbonization, digitization, Dr. Felix Grawert, GaAs, Gallium Arsenide, gallium nitride, GaN, German Innovation Award, Green technology, Prof. Dr. Michael Heuken, Semiconductor industry, SIC, silicon carbide
(IN BRIEF) A new study by DNV reveals that collaborative efforts towards decarbonizing the energy supply in ASEAN member states could lead to a staggering reduction of USD 800 billion in costs by 2050. The study contrasts three scenarios: individual … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Norway
Tagged ASEAN, Brice Le Gallo, decarbonization, DNV, Mats de Ronde, partnership, sustainability
(IN BRIEF) Eni, Fincantieri, and RINA, prominent Italian entities in energy, shipbuilding, and engineering consultancy respectively, have solidified an agreement to spearhead initiatives targeting the decarbonization of the maritime sector. Their collaborative efforts aim to develop sustainable alternatives, explore new … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Transportation & Logistics
Tagged alliance, Carlo Luzzatto, decarbonization, Energy Giants, Eni, Fincantieri, Giuseppe Ricci, Italy, maritime, partnership, Pierroberto Folgiero, RINA, sustainability
(IN BRIEF) The Norwegian government, along with industry associations and trade unions, has finalized an agreement on the future of the Norwegian CO2 compensation scheme, slated to be effective from 2024 to 2030. This agreement, encompassing a maximum annual CO2 … Read the full press release
(IN BRIEF) thyssenkrupp Veerhaven, the Dutch logistics subsidiary of thyssenkrupp Steel Europe, is embarking on a groundbreaking initiative to design and commission climate-friendly pusher tugs for its fleet renewal. These innovative vessels, fueled by methanol and optimized for low-water capabilities, … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, Metals and Minerals, Netherlands, News, Transportation & Logistics
Tagged climate-friendly, decarbonization, Frank Tazelaar, partnership, Rotterdam, Steel Supply Chain, sustainability, ThyssenKrupp, thyssenkrupp Veerhaven
(IN BRIEF) Vattenfall and Borealis have entered into a groundbreaking long-term renewable hydropower purchase agreement (PPA) aimed at bolstering sustainability efforts. Starting January 2024, Vattenfall commenced supplying Borealis’ Stenungsund operations with 175 GWh per year of renewable energy sourced from … Read the full press release
(IN BRIEF) Austrian companies Holcim, Verbund, OMV, and Borealis have wrapped up the C2PAT demonstration plant project, aiming to produce carbon-based products from unavoidable CO2 emissions. Instead of a joint pilot plant, each company plans to develop industrially upscaled plants … Read the full press release
Posted in Austria, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Technology
Tagged Borealis, carbon capture, Carbon Utilization, circular economy, climate neutrality, CO2 emissions, Cross-Sector Collaboration, decarbonization, GREEN HYDROGEN, holcim, Industrial Scale Projects, INNOVATION, OMV, renewable energy, VERBUND
(IN BRIEF) Yara Brasil Fertilizantes S.A. (Yara) and Petrobras have entered into a non-binding Memorandum of Understanding (MOU) aimed at exploring potential business collaborations concerning the production and decarbonization of local fertilizer and industrial products in Brazil. With Brazil being … Read the full press release
Posted in Agriculture, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Norway
Tagged Brasil, decarbonization, fertilizer, industrial sectors, partnership, Petrobras, sustainability, Yara
(IN BRIEF) Hydro, a global aluminium producer, has partnered with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) to advance decarbonization efforts. Through this collaboration, Hydro aims to leverage research expertise and innovative technologies to reduce emissions in … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Metals and Minerals, Norway, Technology
Tagged alumina refinery, Alunorte, Bauxite & Alumina, Brazil, decarbonization, Equinor ASA, HILT CRC, Hydro, Hydro REIN, industrial decarbonization research, Jenny Selway, Mendubim, Raphael Costa, Scatec, solar energy, Ventos de São Zacarias, zero emissions
(IN BRIEF) The Singapore Hydrogen Cooperation Committee, formed by Airbus, Changi Airport Group, Civil Aviation Authority of Singapore (CAAS), and Linde, is advancing hydrogen fuel’s potential role in the nation’s aviation decarbonization strategy. Tasked with examining regional hydrogen market dynamics, … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, France, Industrial, Investment, Management, News, Technology
Tagged Airbus, Changi Airport Group, Civil Aviation Authority of Singapore (CAAS), decarbonization, Hydrogen Fuel, John Panikar, Linde, Mr Han Kok Juan, Ms Poh Li San, partnership, Sabine Klauke, Singapore, Singapore Aviation Committee, sustainability
(IN BRIEF) Boels Rental has entered into a €100 million lending agreement with the European Investment Bank (EIB) to advance its decarbonization efforts in the rental machinery and equipment sector. This partnership is expected to serve as a model for … Read the full press release
Posted in Banks, Business, Construction, Electronics & Machinery, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Netherlands, News
Tagged Boels Rental, decarbonization, EIB, Electrify Rental Machinery, financing, Kris Peeters, Netherlands, partnership, Pierre Boels, sustainability
(IN BRIEF) Spotr, a Dutch AI-powered property data platform, has secured €4.5 million in funding from EDF Pulse Ventures and existing investors to advance its mission of creating a vast image-driven property database. This funding will help Spotr address critical … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities, Netherlands, Real Estate, Technology
Tagged AI, AI-powered, combating underinsurance, decarbonization, Digital Twin, Dirk Huibers, EDF Group, EDF Pulse Ventures, funding, housing, InnovationQuarter, Julien Villeret, Machine Learning, property data platform, property database, Spotr, Volta Ventures
(IN BRIEF) Henkel, a global leader in adhesives, participated in a panel discussion hosted by Schneider Electric at the United Nations Climate Change Conference (COP28). The panel, titled “Beyond Carbon – Decarbonizing the Supply Chain for a Greener Tomorrow,” focused … Read the full press release
Posted in Business, Chemicals, Environment, Germany, Government, Industrial, Management, Media, News
Tagged climate change conference, COP28, decarbonization, Dr. Philipp Loosen, Henkel, partnership, Schneider Electric, supply chain, sustainability, UN
(IN BRIEF) Scania has unveiled a new range of biogas engines that are coupled with two-thirds of the successful Super-based powertrain, comprising G25 gear-boxes and axles from the diesel sibling. This harmonious combination has proven to deliver significant fuel savings … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Industrial, Management, News, Sweden, Transportation & Logistics
Tagged Biogas Engines, decarbonization, Ola Henriksson, powertrain, Scania, sustainability
(IN BRIEF) Siemens has released its Sustainability Report for fiscal year 2023, highlighting substantial progress in sustainability efforts. Since 2019, the company has reduced its own CO2 emissions by 50%. Over 90% of Siemens’ business supports sustainability, helping customers avoid … Read the full press release
(IN BRIEF) Scania, a leader in the transportation industry, has announced a significant step in its commitment to sustainability by making its supply chain decarbonization target mandatory for purchasing requirements. The company aims to transform its supply chain by targeting … Read the full press release
(IN BRIEF) Malta Inc., a leader in long-duration energy storage (LDES), has announced a grant awarded to its German subsidiary for a €9-million project aimed at expediting Germany’s energy transition efforts. The project, supported by the German Federal Ministry for … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Alasdair Maciver, Alfa Laval, decarbonization, Deutsches Zentrum für Luft- und Raumfahrt (DLR), energy transition, Malta Inc., partnership, Prof. Dr. André Thess, Ramya Swaminathan, Siemens Energy Germany, Sigmund Brielmaier, sustainability
(IN BRIEF) Scania and SSAB, two leading companies in the transportation and steel industries, have signed a letter of intent to eliminate carbon emissions from all steel deliveries from SSAB to Scania’s heavy-duty vehicles by 2030. This ambitious goal includes … Read the full press release
Posted in Business, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Sweden, Technology, Transportation & Logistics
Tagged Christian Levin, decarbonization, fossil-free steel, heavy duty vehicles, Martin Lindqvist, partnership, Scania, SSAB, Steel Deliveries, sustainability
(IN BRIEF) Enilive, a subsidiary of Eni focused on sustainable mobility, and the Lannutti Group, a prominent player in the logistics and road transport sector, have entered into an agreement to utilize HVOlution, a renewable diesel fuel derived from 100% … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has signed a €50 million loan agreement with Bocconi University in Milan to support the modernization and decarbonization of its campus facilities. This initial tranche of €30 million will fund the construction, renovation, … Read the full press release
Posted in Banks, Business, Education, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Bocconi University, Campus Upgrades, decarbonization, EIB, Gelsomina Vigliotti, modernization, partnership, REPowerEU, Riccardo Taranto, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €100 million emergency liquidity loan to JSC Elektrani na Severna Makedonija (ESM), the public electricity utility of North Macedonia. This loan aims to enhance ESM’s financial stability, … Read the full press release
(IN BRIEF) Wood, a leading engineering firm, is undertaking concept and front-end engineering and design (FEED) studies for nearly 2,000 miles of onshore low carbon pipelines in North America. With a proven track record in designing some of the longest … Read the full press release
(IN BRIEF) Robert Habeck, Germany’s Vice-Chancellor and Minister for Economic Affairs and Climate Action, pledges around two billion euros in funding to thyssenkrupp Steel’s “tkH2Steel” decarbonization project. The joint effort with the state government of North Rhine-Westphalia aims to revolutionize … Read the full press release
Posted in Energy, Gas & Oil, Environment, Germany, Government, Industrial, Metals and Minerals, Politics
Tagged Bernhard Osburg, decarbonization, green steel transformation, hydrogen, hydrogen-capable direct reduction technology, Miguel Ángel López Borrego, Mona Neubaur, North Rhine-Westphalia, Robert Habeck, steel production, Tekin Nasikkol, ThyssenKrupp, ThyssenKrupp AG, thyssenkrupp Steel, tkH2Steel
(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s wind and solar PV projects in Spain, with a total capacity of 1.1 GW. The first tranche of €400 million will accelerate the energy … Read the full press release
(IN BRIEF) Heidelberg Materials is leading a large-scale closed-loop recycling project called CIRCO₂BETON® as part of its decarbonization strategy. The project involves the installation of an industrial-scale selective separation platform at its Achères quarry in France, where demolished concrete will … Read the full press release
(IN BRIEF) Alstom and Schneider Electric have announced a significant Power Purchase Agreement (PPA) focused on solar development in Spain. The PPA involves a 160 GWh/year solar farm project, which will cover around 80% of Alstom’s electricity consumption in Europe. … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Management, News, Technology, Transportation & Logistics
Tagged Alstom, Cécile Texier, decarbonization, partnership, Schneider Electric, solar power
(IN BRIEF) Atos Group, a global leader in digital transformation, has entered into exclusive negotiations with Schneider Electric for the sale of 100% of EcoAct SAS and its subsidiaries. This potential transaction would allow Atos to divest non-core assets and … Read the full press release
Posted in Business, Environment, France, Management, News, Technology
Tagged Atos, decarbonization, Diane Galbe, EcoAct, partnership, Schneider Electric, Steve Wilhite, Stuart Lemmon, sustainability
(IN BRIEF) TotalEnergies has formed a partnership with Petronas and Mitsui to develop a carbon storage project in Southeast Asia. The collaboration will assess potential CO2 storage sites in the Malay Basin, including saline aquifers and depleted offshore fields. The … Read the full press release
Posted in Energy, Gas & Oil, Environment, France, Industrial, Infrastructure & Utilities
Tagged carbon capture and storage, Carbon Storage Hub, CO2 storage, decarbonization, Malay Basin, Malaysia, Mitsui, Patrick Pouyanné, PETRONAS, saline aquifers, Southeast Asia, Tan Sri Tengku Muhammad Taufik, Toru Matsui, TotalEnergies
(IN BRIEF) DNV has awarded Knutsen NYK Carbon Carriers (KNCC) a General Approval for Ship Application (GASA) certificate for their LCO2-EP tank system, designed for transporting liquefied CO2. The innovative tank system, based on compressed natural gas principles, utilizes small-diameter … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Norway, Technology, Transportation & Logistics
Tagged Anders Lepsøe, carbon capture and storage, CCS, Classification society, CNG, compressed natural gas, decarbonization, DNV, GASA, General Approval for Ship Application, KNCC, Knut Ørbeck-Nilssen, Knutsen NYK Carbon Carriers, LCO2, LCO2-Eelevated Pressure, LCO2-EP, liquefied CO2, PCO2, Svein Steimler, Trygve Seglem
(IN BRIEF) Iberdrola and Trammo have signed a major agreement to advance the use of green ammonia in Europe. The agreement involves the purchase and sale of up to 100,000 tons of green ammonia per year, making it the largest … Read the full press release
(IN BRIEF) DNV and Emirates Steel Arkan have formed a strategic partnership to accelerate decarbonization efforts in the steel and building materials producer industry. The five-year collaboration aims to achieve net zero emissions in line with the UAE’s climate neutrality … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Industrial, Management, Metals and Minerals, Norway
Tagged building materials producer, climate neutrality, decarbonization, digitalization, DNV, Emirates Steel Arkan, Eng. Saeed Ghumran Al Remeithi, Geir Fuglerud, SCPA, STEEL, Supply Chain & Product Assurance, traceability
(IN BRIEF) Francesco Starace, former CEO and General Manager of Enel, one of the world’s largest energy utility companies, has been appointed as a Partner within the EQT Infrastructure Advisory Team. EQT, a global investment organization, is excited to welcome … Read the full press release
(IN BRIEF) Alfa Laval, a leading provider of heat transfer and fluid handling technologies, is making significant progress in the marine industry’s fuel transition by securing a pioneering project for the installation of its methanol solutions on four container vessels … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Sweden, Technology, Transportation & Logistics
Tagged Alfa Laval, decarbonization, FCM Methanol-the low-flashpoint fuel supply system, four-stroke Wärtsilä methanol engines, fuel transition, LFSS, maritime, methanol, vessels, Viktor Friberg, WinGD methanol engine
(IN BRIEF) Stellantis, a global automaker, has made an investment in Lyten, a Silicon Valley-based company known for its innovative 3D Graphene technology. The investment aims to accelerate the development and commercialization of Lyten’s breakthrough Lithium-Sulfur EV battery technology, lightweighting … Read the full press release
Posted in Automotive, Environment, Financial, France, Investment, Technology, Transportation & Logistics
Tagged 3D Graphene™ applications, battery, Carlos Tavares, Dan Cook, decarbonization, EV, graphene, Inflation Reduction Act, Lithium-Sulfur batteries, Lithium-Sulfur EV battery, lower carbon footprint, lowest emissions EV battery, Lyten, mobility, Silicon Valley, Stellantis
(IN BRIEF) Iberdrola and the International Finance Corporation (IFC) have formed a partnership to promote clean energy and decarbonization in emerging countries. The collaboration includes a green and sustainability-linked loan from IFC to Iberdrola for energy efficiency improvements in Brazil’s … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment
Tagged Alfonso García Mora, APLMA, clean energy, decarbonization, Electropaz, energy transition, Iberdrola, IFC, International Finance Corporation, José Sainz Armada, NEOENERGIA, Sowitec Vietnam, Termopernambuco, World Bank Group
(IN BRIEF) Voith and Visy recently organized a two-day workshop in Melbourne focused on decarbonization in papermaking. The event brought together industry leaders and experts to discuss energy efficiency, cost savings, and operational improvements. Voith showcased its technologies and international … Read the full press release
Posted in Education, Energy, Gas & Oil, Environment, Germany, Industrial, Technology
Tagged Appita, Australasian pulp and paper technical association, decarbonization, Dieter Wenninger, Jean-Yves Nouaze, Melbourne, Michael Weiss, packaging, papermaking, Papermaking for Life, resource recovery, The Energy Summit, Visy, Voith, workshop
(IN BRIEF) Stellantis, Faurecia, and Michelin have reached a significant agreement wherein Stellantis will acquire a 33.3% stake in Symbio, a prominent provider of zero-emission hydrogen mobility solutions. Faurecia and Michelin will retain equal ownership stakes. The deal highlights Symbio’s … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, France, Industrial, Investment, Netherlands, Technology, Transportation & Logistics
Tagged Carlos Tavares, decarbonization, Faurecia, Florent Menegaux, FORVIA group, fuel cells, hydrogen fuel cell, HyMotive project, Michelin, mobility, Patrick Koller, Stellantis, Symbio, zero-emission hydrogen mobility
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