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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050.

Clean 429
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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

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The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
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Dutch report suggests hydrogen exchange could catalyze hydrogen market

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A hydrogen exchange, similar to electricity and gas exchanges, could act as a catalyst for a market for climate-neutral hydrogen, according to an exploratory study, “A Hydrogen Exchange for the Climate”, presented to Eric Wiebes, the Netherlands Minister of Economic Affairs and Climate Policy.

Hydrogen 334
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Nornickel presents market review of nickel and platinum group metals

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Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data.

Market 304
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Constellation Energy sets industry record for blending hydrogen with natural gas

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Constellation Energy has set an industry record for blending high concentrations of hydrogen with natural gas, further evidence that hydrogen can be an effective tool to lower greenhouse gas emissions. The blending test occurred 18 May at Hillabee on a Siemens Energy SGT6-6000G gas turbine.

Hydrogen 186
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BASF and RWE proposing 2GW offshore wind farm for green electricity and hydrogen for chemical industry

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Markus Krebber (RWE), accompanied by Chairman of the Mining, Chemical and Energy Industries Union (IG BCE) Michael Vassiliadis, presented a project idea that envisions a new 2 GW offshore wind farm in the German North Sea to provide the Ludwigshafen chemical site with green electricity and enable CO 2 -free production of hydrogen.

Wind 416
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Polestar, Rivian report concludes automotive industry tracking to overshoot IPCC emissions target by 75%

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Polestar and Rivia have collaborated on a ‘ Pathway Report ’ which concludes that the automotive industry is set to overshoot the IPCC’s 1.5-degree The report, which uses existing, open-source data to model the current trajectory for emissions stemming from the car industry, was carried out by global management consulting firm Kearney. …