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ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel.
These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. The price of carbon should then be set at this price, everywhere. —Cruz & Rossi-Hansberg.
EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany. As a result, the carbon footprint of the production process could even be negative.
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.
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. of global emissions. The amount of CO 2 being captured today is 43 million tons, or 0.1%
The XPrize Foundation today announced the winners of its four-year, US $100 million XPrize competition in carbon removal. Contestants in the carbon removal XPrize had to demonstrate ways to pull carbon dioxide from the atmosphere or oceans and sequester it sustainably. How Does Enhanced Rock Weathering Remove CO2?
Researchers from the University of Birmingham have designed a novel adaptation for existing blast furnaces that could reduce CO 2 emissions from the steelmaking industry by nearly 90%. Iron and steelmaking is the biggest emitter of CO 2 of all foundation industrial sectors, accounting for 9% of global emissions.
Canada has released a list of 31 minerals considered critical for the sustainable economic success of Canada and its allies—minerals that can be produced in Canada, are essential to domestic industry and security and have the potential to support secure and resilient supply chains to meet global demand. —Seamus O’Regan Jr.
eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. The green hydrogen and eFuels produced by the HIF Matagorda eFuels Facility will be able to convert approximately half a million cars to carbon neutral as early as 2027.
The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.
LG Chem has launched the largest carbon nanotube (CNT) manufacturing plant in Korea. The CNT produced at this plant will be supplied to market-leading global electric vehicle battery companies as a conductive additive. million)—was completed and has begun commercial operations.
has set the goal to achieve carbon neutrality across the company’s operations and the life cycle of its products by 2050. The company will also strive for greater energy and material efficiencies to support longer-term carbon neutrality ambitions. Nissan Motor Co.,
Li-Metal’s successful demonstration of lithium metal production from carbonate further advances the its vision to establish North American-based lithium metal production capacity that next-generation battery developers can leverage.
Global automotive Tier 1 manufacturer Motherson Group is collaborating with Israeli cleantech company UBQ Materials. The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry. UBQ Industrial Grade.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale.
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.
Lithium chemicals derived from hard rock sources such as spodumene can be more than three times as carbon-intensive as that from brine sources, according to Benchmark Mineral Intelligence’s (Benchmark Minerals’) Lithium ESG Report. This highlights a major lack of transparency in the industry.
The Jadar project would support the evolution of Rio Tinto—one of the world’s largest miners—into a chemical producer to make battery-grade lithium carbonate, a critical mineral used in large-scale batteries for electric vehicles and storing renewable energy. This is a significant moment for the lithium industry.
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. NORI and Low Carbon Royalties are a great fit.
The lithium industry needs $42 billion of investment if it is to meet 2030 demand, according to analysis by Benchmark Mineral Intelligence. This works out at approximately $7 billion a year between now and 2028 if the industry is to meet lithium demand by the end of the decade. Lithium Carbonate, EXW China, ?99.0%
At its recent “Kia Sustainability Movement” virtual presentation, Kia Corporation announced a commitment to achieve carbon neutrality throughout its value chain by 2045. Achieving carbon neutrality will be based on three key pillars: Sustainable Mobility; Sustainable Planet; and Sustainable Energy. Earlier post.).
FlyZero is the UK’s Aerospace Technology Institute (ATI) project aiming to realize zero-carbon emission commercial aviation by 2030. Funded by the Department for Business, Energy and Industrial Strategy, the project FlyZero began in early 2021 as an intensive research project investigating zero-carbon emission commercial flight.
SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.
Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. Electra’s process results in zero carbon dioxide emissions.
Kawasaki Heavy Industries, Ltd., jointly announced that, toward the achievement of carbon neutrality, they will take on the challenge of expanding fuel options through the use of internal combustion engines at the (three-hour) Super Taikyu Race in Okayama on 13-14 November. Participating in races using carbon-neutral fuels.
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.
BayoTech is committed to addressing the global need for consistent, cost-effective, low-carbon supply of hydrogen. Hydrogen possesses many attributes that will drive long-term demand as a fuel source, including its role in global decarbonization efforts.
The UK government is awarding £54 million to 15 projects to develop technologies that remove carbon emissions from the atmosphere. The carbon dioxide can then be permanently stored or used in various products or applications. The biochar is rich in carbon and can be used as a fertilizer. Cambridge Carbon Capture Ltd.,
Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. and is an innovation leader with the highest number of patents filed amongst other global automakers. —Bakar Sadik Agwan.
Cummins and Chevron USA, a subsidiary of Chevron Corporation announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. This collaboration is intended to encourage commercial and industrial adoption in North America.
The companies are teaming to identify and implement clean hydrogen projects across the nuclear industry. Westinghouse and Bloom Energy will jointly develop an optimized and large-scale high-temperature integrated electrolysis solution for the nuclear industry. —Rick Beuttel, vice president, hydrogen business, Bloom Energy.
Asahi Kasei, a diversified Japanese multinational company, has developed a new technology for recycling carbon fiber plastic compounds together with the National Institute of Technology, Kitakyushu College and Tokyo University of Science. Thus, these carbon fiber compounds present in vehicles for weight reduction.
Shell Aviation has introduced a new lifecycle sustainability approach for its AeroShell aviation lubricants to avoid, reduce and then compensate for lifecycle carbon emissions, improving aircraft performance while helping customers meet their net-zero greenhouse gas (GHG) or carbon emissions ambitions.
Electrofuels provider Infinium and comprehensive carbon management company Navigator CO2 entered into a Memorandum of Understanding and long-term relationship for Navigator to deliver 600,000 tons per annum (TPA) of biogenic carbon dioxide from its Heartland Greenway system to a future Infinium facility for the production of electrofuels (eFuels).
At an event held at its steel plant in Ghent, Belgium, ArcelorMittal inaugurated its flagship carbon capture and utilization (CCU) project. The €200-million Steelanol project is a first of its kind for the European steel industry. It will reduce annual carbon emissions from the Ghent plant by 125,000 tonnes. Earlier post.)
The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis. million tonnes of lithium carbonate equivalent (LCE). Globally, Benchmark’s Lithium ion Battery Database forecasts that 43.7%
The investment will support acceleration of Infinium’s commercial developments globally. Infinium Electrofuels technology converts carbon dioxide waste and renewable power through its proprietary process to create hydrogen-based alternatives to traditional fossil-based fuels.
Industrial gases leader Air Products, and its subsidiary Air Products Canada Ltd., Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050. billion (CAD) net-zero hydrogen production and liquefaction facility expected onstream in 2024.
European regulators have decided that carbon fiber should be on a shortlist of hazardous materials and are seeking to have it banned. While the industry will presumably petition the government against instituting any official restrictions, theres always a chance the rule could come to pass shaking up the global supply chain.
New Zealand-based Fabrum and Chart Industries have formed a strategic partnership to collaborate on the manufacture and sale of Micro-Scale Liquefiers for hydrogen and other gases. The collaboration targets the rapidly increasing demand for liquefaction systems as industries work to decarbonize and transition to new energy sources.
With Alice’s range and capacity, this is a fantastic sustainable solution for our global network. Our aspiration is to make a substantial contribution in reducing our carbon footprint, and these advancements in fleet and technology will go a long way in achieving further carbon reductions.
Smart Carbon. This project is part of ArcelorMittal’s new global 25% CO 2 2030 emissions reduction target which was announced yesterday in our second climate action report. Across the company our people are highly motivated to demonstrate that steel can reach net zero and will be the core material for a carbon-neutral world.
Constellium SE is leading a new consortium of automakers and suppliers to develop lower carbon, lower cost aluminum extrusion alloys. CirConAl is part of joint government and industry support for projects to build an end-to-end supply chain for zero-emissions vehicles in the UK.
TU Eindhoven student team TU/ecomotive has developed a sustainable electric passenger car that captures carbon dioxide while driving. and then disposing it, Zem can contribute to reducing global warming. This means that ten cars can store as much carbon dioxide as an average tree. By storing the captured CO?
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