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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.

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Canada launches Hydrogen Strategy

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The Government of Canada has launched its Hydrogen Strategy , a framework that seeks to position Canada as a global hydrogen leader, cementing this low-carbon and zero-emission fuel technology as a key part of a path to net-zero carbon emissions by 2050. The Strategy is underpinned by a federal investment of $1.5

Canada 334
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ArcelorMittal plans major EAF, DRI investments for decarbonizing steel production in Canada

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ArcelorMittal announced with the Government of Canada its intention for a CAD 1.765-billion (US$1.4-billion) The investment is contingent on support from the governments of Canada and Ontario. The Government of Canada announced it will invest CAD 400 million (US$321 million) in the project.

Canada 448
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Umicore to build cathode active material plant in Canada

Green Car Congress

Umicore plans to construct a manufacturing facility for cathode active battery materials (CAM) and their precursor materials (pCAM) in Ontario, Canada. Umicore and the Government of Canada have signed a Memorandum of Understanding (MoU) to finalize the support application of the project under the Strategic Innovation Fund.

Canada 384
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BASF acquires site for North American cathode active materials and recycling expansion in Canada

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BASF signed an agreement to secure land for its future cathode active materials (CAM) and recycling site in Bécancour, Québec, Canada, as part of its commitment to support North American producers in their transition to e-mobility. We look forward to supporting the e-mobility transition in the United States, Canada, Mexico and beyond.

Canada 368
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Vale Canada to supply Northvolt with low-carbon nickel products for batteries

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Vale Canada and lithium-ion cell producer Northvolt AB announced a multi-year agreement for Vale to supply low-carbon nickel products to Northvolt, reinforcing the companies’ shared commitment to sustainability in the electric vehicle supply chain and electrification of the broader mining industry.

Canada 327
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Ricardo signs multi-year deal to develop hybrid-electric aerospace technology with Pratt & Whitney Canada

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Ricardo has signed a multi-year deal with Pratt & Whitney Canada under which the Ricardo aerospace engineering team will support Pratt & Whitney Canada in the development of advanced hybrid-electric propulsion technologies for next-generation aircraft.

Canada 243