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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

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ArcelorMittal, Gestamp successfully trial low-carbon emissions steel in car parts

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ArcelorMittal and Tier 1 automotive supplier Gestamp have successfully trialed the use of low-carbon emissions steel for use in car parts that will ultimately be used in the production of vehicles in Spain and throughout Europe. A car’s tunnel. Picture credits: © ArcelorMittal. —Francisco J.

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Nacero to invest $6B in low- and zero-carbon fuels plant in PA; Nacero Blue and Nacero Green

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Texas-based fuel company Nacero ( earlier post ) will build its second low- and zero-carbon fuels plant in Newport Township, Pennsylvania. The new manufacturing facility will produce low- and zero-lifecycle carbon footprint gasoline blendstock made from natural gas and renewable natural gas.

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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland. tonnes of CO₂.

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Hitachi Energy and H2 Green Steel partner to leverage electrification, digitalization, and hydrogen for green steel production

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Hitachi Energy signed a Memorandum of Understanding (MoU) with H2 Green Steel to leverage electrification, digitalization, and hydrogen to support the decarbonization of the steel industry. H2 Green Steel production. Electrolysis is the starting point for the green steel production process.

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Fraunhofer team develops process to recycle carbon black from car tires

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Waste tires have been used mainly for recovering energy sources; only small proportions of the carbon black contained in these tires are recycled, since mineral ash accounts for around 20% of its content. Around three kilograms of carbon black—also known as industrial soot—are found in a standard car tire.

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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

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SK E&S and SK Plug Hyverse—a joint venture (JV) formed in January of this year by SK E&S and Plug Power—will work with Korea Southeast Power Generation (KOEN) to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad. million tons in 2030 and 27.9

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