article thumbnail

Allianz to invest in Finnish green hydrogen and power-to-gas developer Ren-Gas; sector coupling

Green Car Congress

Allianz Capital Partners, on behalf of Allianz insurance companies, has signed an agreement to acquire a minority stake in Ren-Gas Oy , a green hydrogen and power-to-gas project developer based in Finland. Allianz will provide funding of €25 million to Ren-Gas to support the company’s project portfolio towards execution.

Gas 259
article thumbnail

Australia’s Jemena to supply green hydrogen to Hyundai from 2021; Green Gas project

Green Car Congress

Leading Australian energy infrastructure company Jemena has signed a new deal to supply Australia’s emerging zero emission vehicle industry with renewably generated green hydrogen. Jemena’s Managing Director, Frank Tudor, said the deal will make hydrogen gas generated from solar and wind power available to the vehicle industry.

Hydrogen 321
article thumbnail

Green NCAP LCA study shows detrimental climate and energy impact of increasing vehicle weight, including EVs

Green Car Congress

The results of the Life Cycle Assessment (LCA) of greenhouse gas emissions and primary energy demand of the cars tested by Green NCAP in 2022 show that the current and continuous trend towards larger and heavier cars, significantly increases the negative impact on climate and energy demand.

Green 453
article thumbnail

bp to explore potential for green hydrogen production in Egypt

Green Car Congress

bp signed a memorandum of understanding (MoU) with the Government of Egypt under which bp will explore the potential for establishing a new green hydrogen production facility in the country. Green hydrogen is produced by the electrolysis of water, powered by renewable energy.

Egypt 330
article thumbnail

National labs team delivers techno-economic analyses of H2 DRI scenarios for green steel

Green Car Congress

Yet, the lack of established process and business models defining “green steel” make it difficult to understand what the respective H 2 price has to be in order to be competitive with commercial state-of-the-art natural gas DRI. … Hydrogen-based direct reduced iron (H 2 -DRI) is an alternative pathway for low-carbon steel production.

Green 355
article thumbnail

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

Green Car Congress

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
article thumbnail

ACWA Power to develop Uzbekistan’s first green hydrogen and green ammonia projects

Green Car Congress

The first green hydrogen project will be an integrated facility and is set to be connected to an existing ammonia plant in Chirchiq, 45 kilometers from Tashkent, the country’s capital. The project is expected to generate 3,000 tonnes of green hydrogen a year. These projects are the first of their kind in the Central Asian country.

Green 218