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European Commission approves up to €5.4B of public support for IPCEI Hy2Tech; 41 hydrogen projects

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The European Commission approved , under EU State aid rules, an Important Project of Common European Interest (IPCEI) to support research and innovation and first industrial deployment in the hydrogen technology value chain. As a result, positive spill-over effects will be generated throughout Europe.

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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. A new propane dehydrogenation (PDH) plant coming on stream in Kallo, Belgium, in 2023, will be key to expanding OMV’s monomer position in Europe.

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Volvo Car Group signs multi-billion Li-ion dollar battery supply deals with CATL and LG Chem

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The future of Volvo Cars is electric and we are firmly committed to moving beyond the internal combustion engine. CATL of China and LG Chem of South Korea have long and successful track records supplying lithium-ion batteries to the global automotive industry. —Håkan Samuelsson, president and CEO of Volvo Cars.

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