Tag Archives: decarbonization

AIXTRON Clinches German Innovation Award, Pioneering Green Semiconductor Revolution

(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

DNV Unveils Billion-Dollar Opportunity: Collaborative Decarbonization in ASEAN

(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

Italian Energy Giants Forge Alliance for Maritime Decarbonization

(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

Norwegian Government and Industry Stakeholders Forge Agreement on CO2 Compensation Scheme for Decarbonization

(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

thyssenkrupp Veerhaven Pioneers Climate-Friendly Pusher Tug Fleet for Steel Supply Chain Decarbonization

(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

Vattenfall and Borealis Forge Renewable Energy Partnership to Drive Decarbonization

(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

Austrian Industry Giants Spearhead Carbon-Based Value Chain Transformation

(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

Yara Brasil and Petrobras Forge Partnership to Drive Decarbonization in Fertilizer and Industrial Sectors

(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

Aluminium Giant Hydro Collaborates with HILT CRC on Emission Reduction

(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

Singapore Aviation Committee Propels Hydrogen Fuel as Key to Decarbonization

(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

Boels Rental Secures €100 Million EIB Financing to Electrify Rental Machinery and Promote Decarbonization

(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

EDF Pulse Ventures Backs Spotr’s €4.5 Million Funding for Property Data Revolution

(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

Henkel Joins UN Climate Change Conference to Discuss Supply Chain Decarbonization

(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

Scania Introduces Fuel-Efficient Biogas Engines with Super-Based Powertrain for Decarbonization

(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

Sustainability Milestones: Siemens’ Fiscal Year 2023 Report

(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

Scania Implements Mandatory Green Purchasing Requirements to Drive Supply Chain Decarbonization

(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

Malta Inc. Collaborates with German Partners to Accelerate Energy Transition and Decarbonization

(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

Scania and SSAB Join Forces to Achieve Full Decarbonization of Steel Deliveries for Heavy-Duty Vehicles by 2030

(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

Eni and Lannutti Group Partner to Advance Decarbonization with Renewable Diesel HVOlution

(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

EIB Provides €50 Million for Bocconi University Campus Upgrades and Decarbonization

(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