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thyssenkrupp greenlights construction of €2B hydrogen-powered direct reduction plant for low-CO2 steel

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The release of this enormous investment comes in the midst of the company’s transformation, in what is also for all concerned an extremely challenging environment. This is a further step for our team at Steel Europe, for our partners and for the Ruhr region. —Martina Merz, CEO of thyssenkrupp AG. With its capacity of 2.5

Low CO2 448
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3.8% drop in EU’s greenhouse gas emissions in 2019; transport emissions rise

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in 2019, according to latest official data published by the European Environment Agency (EEA). The large decline in emissions, achieved before the COVID-19 crisis, was mainly due to reduced coal use for power generation. Total greenhouse gas emissions in the European Union (EU) decreased by 3.8% from 2018 to 2019.

2019 243
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European Environment Agency report finds carbon capture and storage could also impact air pollution

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Carbon capture and storage (CCS) involves capturing carbon dioxide released by power stations and other industrial sources, and burying it deep underground. Although the extraction and transportation of additional coal will lead to higher SO 2 emissions from these stages of the CCS life-cycle, SO 2 emissions should decrease overall.

Pollution 218
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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The partnership centers on driving forward the production of carbon-neutral steel, with a plan to replace coal with wind power and green hydrogen as the main source of energy in steel production at ArcelorMittal’s steelmaking sites in Germany. Industry needs both in large quantities as soon as possible in order to achieve its climate targets.

Wind 195
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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The energy crisis in Europe and Asia this winter is a preview of what we can expect in the years ahead. Pressure on governments and industry for a green recovery is further constraining availability of capital, it says. As a result, investment decisions are becoming increasingly complex.

Price 416
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EEA: small increase in EU’s total greenhouse gas emissions in 2017, with transport emissions up for the fourth consecutive year

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in 2017, according to latest official data published today by the European Environment Agency (EEA). Less coal was used to produce heat and electricity but this was offset by higher industrial and transport emissions, the latter increasing for the fourth consecutive year. Source: EEA. in 2017 compared with 2016.

2017 191
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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

The industry has also had trouble selling EVs down market, with the segment historically catering to more affluent buyers. Steve Reed, the Labour Party’s Shadow Secretary for the Environment (apparently that’s the actual job title), criticized the decision. Our business needs three things from the U.K.

Hyundai 105