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ArcelorMittal Europe to produce “green steel” starting in 2020

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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. First verified green steel for customers.

Europe 382
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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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The 2020 Global Status on CCS report also finds that there are a total of 65 commercial CCS facilities in various stages of development globally. Source: 2020 Global Status on CCS. 2020 saw increased ambition and support for CCS in Europe as well. The Norwegian Government announced its green light for the Langskip project.

2020 332
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Gasoline consumption per capita in 2020 was on par with that in 1965

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Because of the pandemic, there was a substantial reduction in 2020 in vehicle miles traveled. The biggest drop was in April 2020 (a reduction of 40% compared with April 2019) followed by a gradual rebound later in the year. In December 2020, the reduction was 11% compared with December 2019. Total consumption.

2020 415
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US motorcoach industry closures surge in 2020

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The data collected by FMCSA shows a surge in losses of authority for motorcoach operators in 2020, which means these companies are no longer providing transportation—in some cases forever. Nearly 72% of these losses of authority occurred between April and August 2020, during the height of the pandemic.

2020 360
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Iberdrola to invest more than €1.1B to build a green hydrogen and methanol plant in Australia; Bell Bay Powerfuels

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Iberdrola Australia and Australia-based hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania (Australia). Green hydrogen from the plant will be available for domestic customers. Source: ABEL Energy.

Australia 435