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Cohort of new stakeholders joins Open Hydrogen Initiative

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In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.

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RUSAL opens new low-carbon aluminum smelter in Taishet

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Russia-based RUSAL, a global aluminum producer, opened the first phase of its low-carbon aluminum production plant, Taishet Aluminum Smelter (TaAZ), in Taishet, Siberia. TaAZ is the third low-carbon aluminum smelter to be built by RUSAL, with an overall cost of more than $1.69 of global production of aluminum and 6.5%

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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Under these targets, Rio Tinto’s overall growth between now and 2030 will be carbon neutral.

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

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In the report, Deloitte uses clean hydrogen to encompass both green hydrogen— produced from renewable electricity via electrolysis—and blue hydrogen—produced via natural gas coupled with carbon capture and storage. Overall, this outlook shows clean hydrogen delivering crucial carbon emission reductions.

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Final report of Garnaut Review Update recommends carbon pricing scheme for Australia to do its fair share on climate change

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It will be much harder and more expensive for Australia to do its fair share on climate change without a carbon pricing scheme, according to the final report of the Garnaut Climate Change Review – Update 2011, Australia in the Global Response to Climate Change. Earlier post.) —Professor Garnaut.

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Rio Tinto validates BioIron process for low-carbon iron-making; biomass and microwave energy

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Rio Tinto has shown the effectiveness of a low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany, and is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonize the steel value chain. Earlier post.)

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bp and thyssenkrupp Steel to advance the decarbonization of steel production; low-carbon hydrogen and renewable power

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bp and thyssenkrupp Steel have signed a memorandum of understanding (MoU) focused on the development of long-term supply of low-carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition. Steel accounts for 8 to 11% of global CO 2 emissions.

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