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Hexagon Purus to acquire 40% stake in Cryoshelter’s liquid hydrogen storage business

Green Car Congress

The transaction brings early-stage expertise in liquid hydrogen tank technology for zero-emission mobility applications and could potentially result in a future complementary offering to Hexagon Purus’ compressed hydrogen cylinder technology. Key terms and structure of the transaction: Initial investment of €3.5

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Air pollutant emission 2010 limits exceeded in twelve EU Member States; road transport NOx a main factor

Green Car Congress

For the first time, preliminary data recently reported to the EEA by Member States allow a comparison with the legally binding emission limits for 2010 set in the EU NEC Directive. In the absence of new legislation, however, the NEC Directive remains in force and requires countries to keep emissions below national ceilings in future years.

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NOx emissions exceeded limits in 12 European countries in 2010

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As emissions can rebound during periods of economic recovery, countries need to make positive efforts to limit any increase of emissions in the future. Today’s publication of official 2010 data from Member States is the first time that those efforts can be measured against the legally binding targets.

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EEA reports finds Europe to exceed NOx emission ceiling, mostly due to road transport

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The EU-27 and its Member States must meet legally binding limits for four air pollutants set by the National Emission Ceilings Directive (NEC Directive). Austria, while expecting lower surpluses in absolute terms, anticipates exceeding its ceilings by an even larger margin (40%). Source: EEA. Click to enlarge.

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The bill, as currently written, would make the Fisker Ocean electric SUV, which will be built in Austria starting in November, ineligible. We are focused on a clean future for all, so we are building the Fisker Ocean in one of the world’s most sustainable production facilities, Magna’s carbon-neutral factory in Graz, Austria.

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BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

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BASF and Russia’s Gazprom signed a legally binding basic agreement to swap assets of equivalent value. An additional payment of up to US$100 million will be paid contingent on the successful future development of the Vega field. Gazprom will also receive a 50% share in the activities of Wintershall Noordzee B.V.,

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COP26 declaration on accelerating the transition to 100% zero emission cars and vans

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The declaration is not legally binding and is focused on a global level. Signatories by category: Governments: Austria; Azerbaijan; Cambodia; Canada; Cape Verde; Chile; Croatia; Cyprus; Denmark; El Salvador; Finland; Iceland; Ireland; Israel; Lithuania; Luxembourg; Netherlands; New Zealand; Norway; Poland; Slovenia; Sweden; United Kingdom.