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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. Andalusia has world-class port infrastructure, connected to the main ports of Europe and the world.

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Porsche officially drops diesel for future models

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On Sunday, Porsche AG announced that it will in the future no longer offer diesel-powered models. By 2022, Porsche will have invested more than €6 billion (US$7 billion) in e-mobility, creating the basis for sustainable growth into the future. The sports car manufacturer is also concentrating on optimized internal combustion engines.

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European aviation sector and NGOs agree on sustainability of future fuels

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Parties endorsing the Fueling Flight initiative share the vision that ramping up SAF in Europe can only be done once and therefore must be done in the right manner. One of the key elements is a regulatory framework that guarantees future-proof sustainability requirements.

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Rosatom and EDF Group partner to develop green hydrogen in Russia and Europe

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Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. In the context of global decarbonization goals, hydrogen as an energy source is an issue of major importance for international cooperation.

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Tesla’s pay increase for employees revealed in internal documents: report

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Tesla’s pay increase for employees in all of its gigafactories and offices in the US was recently revealed in internal documents. According to internal documents, Tesla increased factory workers’ pay from a minimum of $22 to $39 per hour. Below is a chart from Business Insider depicting each level and region.

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Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

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Meanwhile, the movement to manufacture batteries locally for automobile applications in North America and Europe is becoming active with auto makers and battery cell makers implementing supply chain strategies.

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Kia brings e-Soul to Europe, upgrades Niro hybrid and PHEV

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Kia used the Geneva International Motor Show as the platform to introduce the battery-electric e-Soul to Europe, as well as to reveal new upgrades to the Niro Hybrid and Plug-in Hybrid. —Emilio Herrera, Chief Operating Officer for Kia Motors Europe.

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