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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 project, called “IPCEI Hy2Tech” was jointly prepared and notified by fifteen Member States: Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain. The Member States will provide up to €5.4 billion in public funding, which is expected to unlock additional €8.8

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ECHA Board of Appeal annuls decision requiring more animal toxicity testing of HF-1234yf

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In addition, the Board of Appeal found that ECHA’s decision was disproportionate as the appropriateness of, and necessity for, the requested study had not been demonstrated nor was the requested study shown to be the least onerous option to achieve the objectives of the contested decision.

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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. They fulfil Volvo Cars’ strict sourcing guidelines in terms of technology leadership, responsible supply chains and competitive cost models. —Håkan Samuelsson, president and CEO of Volvo Cars.

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