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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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$1.1B Huineng SNG plant goes on-stream transforming coal into natural gas in China

Green Car Congress

Haldor Topsoe A/S announced that Huineng, a large-scale SNG (Substitute Natural Gas) plant, went successfully on-stream near the city of Ordos, located in Inner Mongolia in the northern part of China. The Huineng SNG plant is owned and operated by the private Chinese company Huineng Coal Electricity Group and represents an investment of US$1.1

Coal 231
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Wood Mackenzie: China thermal coal demand to double to nearly 7btpa by 2030

Green Car Congress

In a new report, energy, mining and minerals consultancy Wood Mackenzie projects that despite efforts to limit coal consumption and seek alternative fuel options, China’s strong appetite for thermal coal will lead to a doubling of demand by 2030. It is very unlikely that demand for thermal coal in China will peak before 2030.

Coal 218
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Tsinghua University provincial-level lifecycle study finds fuel-cycle criteria pollutants of EVs in China could be up to 5x those of natural gas vehicles due to China’s coal-dominant power mix

Green Car Congress

Consumption-based power mixes and NG transmission distances by Chinese province in 2010. In regions where the share of coal-based electricity is relatively low, EVs can achieve substantial GHG reduction, the team reports in a paper in the ACS journal Environmental Science & Technology. Credit: ACS, Huo et al. Click to enlarge.

Coal 231
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. This is particularly important for China, which has minimal natural gas capacity, a more flexible power source than slow-ramping coal plants.

Auto 52
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. This is particularly important for China, which has minimal natural gas capacity, a more flexible power source than slow-ramping coal plants.

Auto 52
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US and China Presidents Announce US-China Electric Vehicles Initiative, Six Other Measures to Strengthen Cooperation Between the Countries on Energy Issues

Green Car Congress

The US-China Electric Vehicles Initiative builds on the first-ever US-China Electric Vehicle Forum in September 2009. The two leaders emphasized their countries’ strong shared interest in accelerating the deployment of electric vehicles in order to reduce oil dependence, cut greenhouse gas emissions and promote economic growth.

China 281