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ArcelorMittal publishes concept for global low-carbon emissions physical steel standard

Green Car Congress

ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel.

Standards 431
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US Steel and CarbonFree sign MoU to capture CO2 at Gary Works

Green Car Congress

If a definitive agreement is reached, the project is expected to capture and mineralize up to 50,000 metric tons of CO 2 per year, the equivalent to carbon emissions from nearly 11,000 passenger cars. The MoU establishes a framework for discussions regarding the formation of a commercial venture. million net tons of raw steel per year.

CO2 368
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Daimler Truck and Toyota to partner on advanced technologies, merge Mitsubishi Fuso and Hino Motors

Green Car Congress

Daimler Truck, MFTBC, Hino, and Toyota will collaborate toward achieving carbon neutrality by developing CASE technologies (Connected/Autonomous & Automated/Shared/Electric) and strengthening the commercial vehicle business on a global scale. They will build a globally competitive Japanese commercial vehicle manufacturer.

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Cummins to acquire Meritor in $3.7B deal

Green Car Congress

Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Meritor is an industry leader in axle and brake technology. Strategic rationale.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Global Bioenergies reports first production of isobutene from wheat straw at the industrial pilot scale

Green Car Congress

Global Bioenergies and Clariant announced the first isobutene production from a wheat straw hydrolysate, in the industrial pilot of Pomacle Bazancourt. This hydrolysate was converted into renewable isobutene in Global Bioenergies’ industrial pilot operated by ARD in its Pomacle-Bazancourt facility.

Global 150
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Volvo Group and Westport sign LOI to form JV to advance commercialization and adoption of HPDI

Green Car Congress

Volvo Group and Westport Fuel Systems signed a non-binding letter of intent (LOI) to establish a joint venture to accelerate the commercialization and global adoption of Westport’s HPDI (High Pressure Direct Injection) fuel system technology for long-haul and off-road applications.

Volvo 150