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

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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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Transform Materials plasma process converts abundant natural gas into high-value hydrogen and acetylene

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For example, Transform Materials can fully utilize coalbed methane from coal mining operators to produce green hydrogen to power heavy equipment and hauling trucks. For acetylene users, Transform Materials enables on-site production of this important precursor, guaranteeing surety of supply, conveniently and at low cost.

Convert 395
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Wood Mackenzie: China thermal coal demand to double to nearly 7btpa by 2030

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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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Nikola and KeyState partner to create low-carbon hydrogen value chain in PA

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The parties are working towards a definitive agreement to expand the hydrogen supply for Nikola’s zero-emissions heavy-duty fuel cell electric vehicles (FCEVs). KeyState will also produce ammonia and urea for industrial and transportation markets, in addition to Nikola’s hydrogen mobility demand.

Hydrogen 199
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GlobalData: hydrogen to become game changer as large-scale source of cleaner power

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Hydrogen serves as one of the leading alternatives for energy storage and seems to be favoured as a low-cost alternative for storing huge quantities of electricity over days, week and also months. Currently, in the power industry, hydrogen accounts for less than 0.2% However, this could change in the near future.

Hydrogen 199
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Synthesis Energy Systems and Ambre Energy enter into technical study agreement for coal to gasoline and LPG project; ExxonMobil MTG

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(SES), a global energy and gasification technology company that provides products and solutions to the energy and chemicals industries, has entered into a Technical Study Agreement with Ambre Energy of Australia to supply a proprietary gasification design to support Ambre’s development of a planned Coal to Liquids Project (ambreCTL).

Coal 186
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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

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Hydrogen Economy Outlook , a new and independent global study from research firm BloombergNEF (BNEF), finds that clean hydrogen could be deployed in the decades to come to cut up to 34% of global greenhouse gas emissions from fossil fuels and industry at a manageable cost. kg in most parts of the world before 2050.

Hydrogen 221