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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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Equinor and RWE to develop hydrogen-fired power plants in Germany, Norway-to-Germany hydrogen pipeline

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The partners aim to replace coal-fired power plants with hydrogen-ready gas-fired power plants in Germany, and to build production of low carbon and renewable hydrogen in Norway that will be exported through pipeline to Germany. Building production facilities in Norway to produce low carbon hydrogen from natural gas with CCS.

Norway 468
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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.

Coal 370
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H2FUTURE building world’s largest green hydrogen pilot plant; targeting the steel industry

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The partners from industry and power generation will use this facility to research into future breakthrough technologies which are needed to meet global climate goals over the long-term. The goal is to research real breakthrough technologies which will be applicable on an industrial scale in the next couple of decades. Earlier post.).

Hydrogen 240
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Kawasaki Heavy to build first ocean-going liquid hydrogen tanker with demo in 2017; H2 for transport, industry, power in Japan

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The Nikkei reports that Kawasaki Heavy Industries Ltd. KHI) will build the first ocean-going ships to carry liquefied hydrogen (LH 2 ), with plans for a demonstration test by 2017 in which liquefied hydrogen will be shipped from the state of Victoria in Australia to Japan. KHI’s view of a “CO 2 -free hydrogen chain”. Source: KHI.

Japan 351
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Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

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Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts. Forming of the joint venture and building of the catalysts facility will be the first step of a long-term strategic cooperation between Topsoe and Yanchang.

China 243
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Northvolt to build third gigafactory in Germany

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If you use coal in your production, you embed a fair amount of CO 2 into your battery, but if we use clean energy, we can build a very sustainable product. Access to German industrial competence and automotive expertise will provide additional opportunities. It matters how we produce a battery cell.

Germany 250