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ArcelorMittal Europe to produce “green steel” starting in 2020

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The strategy is centred around two main technology routes, as introduced in the first ArcelorMittal Europe climate action report published earlier this year: The use of hydrogen in DRI-EAF (Direct Reduced Iron - Electric Arc Furnace) and, also, the blast furnace. The expansion of its Smart Carbon route, also utilizing hydrogen.

Europe 382
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Neste selects Rotterdam as a location for its possible next world-scale renewable products refinery

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Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe according to the company strategy. Rotterdam, in turn, benefits from the proximity of new markets for Renewable Aviation and Renewable Polymers and Chemicals as well as proximity to raw material sources.

Renewable 397
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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy. Chart: BloombergNEF.

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Neste investing €1.9B to expand renewable products refinery in Rotterdam; 1.2 Mtpa of SAF

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Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. million ton capacity for renewable products in Rotterdam is the largest in Europe.

Renewable 273
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by the Covid-19 pandemic. billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. billion (down 11%).

2020 259
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JRC report assesses R&I in low-emission alternative energy for transport (ALT) in Europe; €2.3B spent from 2007-2020

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The European Commission’s Joint Research Center recently published a report analyzing research and innovation (R&I) in low-emission alternative energy for transport in Europe. On the other hand, renewable fuels with a higher potential to decarbonization are are either not available in sufficient quantities (e.g. Bars not in scale.

2007 221
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BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

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In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). from the year prior.

Carbon 418