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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. Dual scoring system.
UK-based Expleo, a global engineering, technology and consultancy service provider, has developed a closed-loop fuel solution for global shipping that delivers a 92% reduction in greenhouse gas emissions (GHGe) in the model vessel. Bibby Wavemaster 1, the model vessel.
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. The price of carbon should then be set at this price, everywhere.
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming. from the year prior.
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.
The XPrize Foundation today announced the winners of its four-year, US $100 million XPrize competition in carbon removal. The contest is one of dozens hosted by the foundation in its 20-year effort to encourage technological development. It works like this: Carbon dioxide in the air dissolves into rainwater, forming carbonic acid.
This shows an upward trend in the low-carbon hydrogen market development, which could be decisive in achieving over 111 million tons per annum (mtpa) capacity worldwide by 2030. This could have been due to the companies trying to strengthen their core business and diversify the investment risk given the global economic situation.
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%
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 UK government is awarding £54 million to 15 projects to develop technologies that remove carbon emissions from the atmosphere. The funding comes under Phase 2 of the Direct Air Capture and Greenhouse Gas Removal technologies competition. The biochar is rich in carbon and can be used as a fertilizer. million (US$6.7
In addition, it helps accommodate more technology, including the vehicle’s electrified powertrain. The new Qashqai follows the new Rogue sold in North America as the second global model for Nissan to feature aluminum parts produced with the closed-loop recycling process.
New hydrogen production technology developed at the University of British Columbia (UBC) will be tested in a $7-million project between UBC, the government of Alberta and Alberta utility company ATCO. UBC clean hydrogen technology deployed to Alberta in a $7-million collaboration. Hydrogen plant schematic. Image: MéridaLabs.
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.
This reduction is achieved through a closed-loop carbon recycling system, which could replace 90% of the coke typically used in current blast furnace-basic oxygen furnace systems and produces oxygen as a byproduct. Iron and steelmaking is the biggest emitter of CO 2 of all foundation industrial sectors, accounting for 9% of global emissions.
The CCS Full-Scale project is a central part of Norway’s efforts to reduce its carbon footprint and meet the European goal of climate-neutrality by 2050. By supporting the project, the Norwegian government aims to facilitate further scaling up of CCS globally, by sharing knowledge and experience.
This award marks the first Advanced Class Gas Turbines in the industry specifically designed and purchased as part of a comprehensive plan to sequentially transition from coal, to natural gas and finally to renewable hydrogen fuel, and creates a roadmap for the global industry to follow.
Alcoa is supplying aluminum for Audi’s pilot project from a self-developed, innovative smelting process that emits oxygen instead of carbon dioxide. The new smelting technology uses an inert anode that replaces the carbon anodes that are traditionally used during electrolysis, which is the process used to make primary aluminum.
a developer of lithium metal and lithium metal anode technologies, has successfully produced its first lithium metal at its lithium metal piloting facility in Markham, Ontario. We believe we are one of the first internationally to produce lithium metal directly from lithium carbonate at this scale. Li-Metal Corp.,
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.
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.
While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. of global greenhouse gas emissions (or about 1.4% Credit: Joule , MacFarlane et al.
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.,
Rolls-Royce is developing turbogenerator technology—including a new small engine—designed for hybrid-electric aviation applications. The research and development of this technology is being part funded by the German Ministry for Economic Affairs and Climate Action. —Rob Watson, President – Rolls Royce Electrical.
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. Canada’s Critical Minerals List.
Boundary Layer Technologies, a California-based marine technology startup, revealed its concept design for a fully electric hydrofoiling ferry: ELECTRA. Hydrofoil technology is the key to enabling electrification of passenger ferries. —Ed Kearney, CEO of Boundary Layer Technologies.
With the launch of the enhanced model, Hyundai plans to accelerate the global roll-out of its heavy-duty fuel cell truck. Over that distance, the hydrogen-powered trucks have reduced carbon emissions by an estimated 585 tons, compared to diesel-powered vehicles.
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. The majority of spodumene is mined in Australia where it is processed into spodumene concentrate.
million to 10 industry-led projects to advance nuclear technologies, including two aimed at expanding clean hydrogen production with nuclear energy. The 50 kW demonstration will prove that high-efficiency syngas production can be achieved at low capital-cost using GRC’s unique thermal-spray-based SOCC technology.
ELYSIS has selected the Alma smelter, operated by Rio Tinto in Saguenay-Lac-Saint-Jean, Québec, for the first installation and demonstration of its inert anode technology at a commercial size of 450 kiloamperes (kA)—a common capacity for modern, full-scale smelters. the first technology that emits oxygen as its by-product.
According to the latest report from the United Nations (UN), the global population in 2018 was 7.6 By 2050, the global population is expected to soar to 9.7 The world has experienced significant urbanization in recent decades. billion and the urban population was 4.2 billion, with 68% of the population living in urban areas.
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.).
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. Steel is one of the main sources of CO 2 emissions in our supply chain. 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.
The aviation sector is responsible for about 5% of global anthropogenic emissions causing climate change. With our solar technology, we have shown that we can produce synthetic kerosene from water and CO 2 instead of deriving it from fossil fuels. B) Photograph of the solar tower fuel plant during operation. Zoller et al.
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. Kawasaki Heavy Industries, Ltd.,
Researchers at Argonne National Laboratory have conducted life cycle analyses (LCAs) for battery-grade lithium carbonate (Li 2 CO 3 ) and lithium hydroxide monohydrate (LiOH•H 2 O) produced from Chilean brines (Salar de Atacama) and Australian spodumene ores. This information will help us achieve our goal of being carbon neutral by 2030.
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.
(Hino) and Toyota Motor Corporation concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino. They will build a globally competitive Japanese commercial vehicle manufacturer.
billion) investment in decarbonization technologies at ArcelorMittal Dofasco’s plant in Hamilton. 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. Source: ArcelorMittal.
This work is a milestone for us to advance this new technology to commercialization. Polyethylene (PE) is the most popular plastic globally, and the widespread use of plastics has created severe environmental issues. For the process, the researchers used a ruthenium on carbon catalyst and a commonly used solvent.
The US Department of Energy (DOE) released its 2023 Critical Materials Assessment (2023 CMA), which evaluated materials for their criticality to global clean energy technology supply chains. The Assessment focuses on key materials with high risk of supply disruption that are integral to clean energy technologies.
Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050. This development is consistent with Air Products’ growth strategy of executing global megaprojects that enable a transition to a cleaner, more sustainable energy future. blue hydrogen).
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.
a provider of on-site hydrogen production, received an equity investment of up to $157 million from Newlight Partners LP, a growth equity investor, with participation from existing investors Cottonwood Technology Funds, Sun Mountain Capital and new investor Fortistar. BayoTech, Inc., Source: BayoTech.
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