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ArcelorMittal Europe to produce “green steel” starting in 2020

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The expansion of its Smart Carbon route, also utilizing hydrogen. Ultimately to reach zero, this hydrogen will need to be green (produced via electrolysis which is powered by renewable electricity). ArcelorMittal is therefore developing new facilities to produce green hydrogen using electrolyzers. Smart Carbon with hydrogen.

Europe 382
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California 2020 crude average carbon intensity value increased 7%

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Every year, the California Air Resources Board (ARB) posts an Annual Crude Average carbon intensity calculation, using the the Oil Production Greenhouse Gas Emission Estimator (OPGEE) Model. For 2020, the average crude intensity rose 7% from the 2019 value to 13.39 The three-year California Crude Average carbon intensity of 12.70

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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020. —Hans Fredrik Wittusen, CEO of Blastr Green Steel.

Finland 437
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Volvo Cars successfully places first green bond, raises €500M

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Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

Volvo 514
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Report: CCS capacity increased 33% in 2020

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Findings released by international think tank the Global CCS Institute show that the total capacity of carbon capture and storage (CCS) facilities operating and under development grew by 33% world-wide over the last year. Source: 2020 Global Status on CCS. 2020 saw increased ambition and support for CCS in Europe as well.

2020 332
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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

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Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium carbonate is forecast to trade near its high. Lithium is expected to trade at 484,185.00 by the end of this quarter. Earlier post.). Source: Trading Economics.

Carbon 483
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EPA: US GHG emissions up 6% in 2021 from 2020

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million metric tons of carbon dioxide equivalents, or 5,586.0 million metric tons of carbon dioxide equivalents after accounting for sequestration from the land sector—representing a 6% increase from 2020. from 2020 to 2021. In 2021, US greenhouse gas emissions totaled 6,340.2 From 2019 to 2021.

EPA 259