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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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—Andres Angulo, Energy Analyst at GlobalData Despite the high number of partnerships formed between companies as compared to government agencies, investing and raising capital were of the utmost importance to developing the hydrogen economy in 2022. Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1

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LG Energy Solution hosting 3rd round of international competition to identify promising battery start-ups

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LG Energy Solution will host the LGES Battery Challenge 2022, an international competition to identify start-ups for potential investment and collaboration. Through the program, LGES is bringing together battery start-ups to keep pace with the fast-developing industry, as growing number of economies transition to renewable energy.

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ICAO establishes 2050 net-zero CO2 emission goal for international aviation

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The International Civil Aviation Organization (ICAO) has established a 2050 net-zero carbon dioxide emission goal for international aviation. —Dan Rutherford, Aviation Director of the International Council on Clean Transportation (ICCT). Countries will develop national measures to cut emissions consistent with ICAO’s goal.

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Carbon Recycling International and Johnson Matthey collaborate on sustainable methanol

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Carbon Recycling International (CRI) and Johnson Matthey (JM) have agreed on a long-term exclusive catalyst supply agreement for the use of JM’s KATALCO methanol catalysts in CRI’s Emissions-To-Liquids (ETL) CO 2 -to-methanol plants. Conventional methanol production involves fossil feedstocks such as natural gas or coal.

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Hydro exploring hydrogen opportunities for internal demand and external market

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Hydro is exploring the potential for developing and operating hydrogen facilities to meet large internal demand as well as serving an external market, leveraging the company’s industrial and renewable power expertise. We see a substantial potential for industrial hydrogen consumption. —Hilde Merete Aasheim.

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NHTSA to propose new fuel economy standards soon; 8% increase per year for MY 2024-2026

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The US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced that it will soon propose robust new fuel economy standards. NHTSA will also begin work, under a new Presidential Executive Order, to develop fuel economy standards for passenger cars and light duty trucks for model years 2027-2030.

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Retriev Technologies and HOBI International collaborate on collection of EV batteries for recycling

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HOBI International Inc. Recognizing the rapid expansion and projected growth of the EV market, the goal of this relationship will be to ensure that the lithium batteries used in EVs are collected and responsibly recycled in a manner that creates value within the battery industry’s circular economy. HOBI International, Inc.,