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Statkraft to supply renewable power for Fortescue’s Holmaneset 300 MW green hydrogen & green ammonia project

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Fortescue Future Industries (FFI) has secured renewable power for its proposed Holmaneset green energy project , entering into a long-term Power Purchase Agreement (PPA) with Statkraft. FFI undertook a Scoping Study across Norway to identify potential locations for the development of renewable energy and port facilities.

Green 259
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Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply; shift to energy markets

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The global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, according to a new analysis by S&P Global Commodity Insights. The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition.

Market 195
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GM, GE Renewable Energy partner to develop supply chain of rare earth and other materials to support EV and renewable energy growth

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General Motors and GE Renewable Energy signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment.

Renewable 285
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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.

Clean 429
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GM, GE Renewable Energy partner to develop supply chain of rare earth and other materials to support EV and renewable energy growth

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General Motors and GE Renewable Energy signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment.

Renewable 210
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EPA proposes Renewable Fuel Standard (RFS) volumes for 2023-2025; seeking input on future modifications

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The US Environmental Protection Agency (EPA) issued a multipart proposal for required volumes of biofuel under the Renewable FUel Standard (RFS) for the next one to three years and on a series of modifications to the program. This proposal includes steady growth of biofuels for use in the nation’s fuel supply for 2023, 2024, and 2025.

EPA 210
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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. The key aspects contributing to the overall cost difference are logistics costs, site-specific construction costs and availability of low-carbon hydrogen supply.

Renewable 397