Remove Cars Remove Economy Remove Green Remove Production
article thumbnail

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.

Volvo 514
article thumbnail

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

Green Car Congress

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

Green 284
article thumbnail

RENK supplies special gear units for compressors for production of green steel

Green Car Congress

Germany-based RENK Group, a manufacturer of mission-critical drive technologies, is supplying three high-speed special gear units via RENK-Maag GmbH , a group company, for compressors for the production of green steel to Siemens Energy Compressors GmbH as part of the “SALCOS” (Salzgitter Low CO2 Steelmaking) project of the Salzgitter AG steel group.

Supplies 195
article thumbnail

Fukushima Hydrogen Energy Research Field (FH2R) completed in Japan; aiming for low-cost green hydrogen production; P2G

Green Car Congress

and Iwatani Corporation announced that Fukushima Hydrogen Energy Research Field (FH2R), which had been under construction in Namie town, Fukushima Prefecture since 2018, has been constructed with a solar-energy-powered 10MW-class hydrogen production unit, the largest in the world, at the end of February.

Low Cost 450
article thumbnail

Using blockchain traceability to build a circular battery economy

Green Car Congress

of cars on the road globally are electrified, which begs the question: How do we fulfill the promise of EVs to deliver sustainable mobility? That’s why Polestar set itself three climate targets: to become climate neutral company by 2040; to halve emissions per sold car by 2030 compared to 2022; and create a climate neutral car by 2030.

Economy 330
article thumbnail

BMW Group secures CO2-reduced steel for global production network

Green Car Congress

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. This manufacturing process has significant potential for CO 2 savings, compared to coal-based steel production in a blast furnace.

BMW 444
article thumbnail

BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden

Green Car Congress

The BMW Group has now reached an agreement to this effect with the Swedish startup H2 Green Steel (H2GS), which uses hydrogen and only green power from renewable energies for steel production. In this way, raw materials can be used multiple times in a circular economy and natural resources protected. Earlier post.).

Sweden 341