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NPD study finds substantial mineral resources on Norwegian shelf

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The Norwegian Petroleum Directorate (NPD) has prepared a resource assessment of the seabed minerals on the Norwegian shelf. The report concludes that substantial resources are in place on the seabed. For several of the metals, the mineral resources are sufficient to cover many years of global consumption.

2020 448
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bp to take a 40.5% stake and operatorship of the AREH green hydrogen hub megaproject in the Pilbara

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equity stake in and to become operator of the Asian Renewable Energy Hub (AREH) , which has the potential to be one of the largest renewables and green hydrogen hubs in the world. million tonnes of green hydrogen or 9 million tonnes of green ammonia, per annum. bp will acquire a 40.5%

Hydrogen 243
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NEOM Green Hydrogen Company completes financial close of $8.4B for world’s largest green hydrogen plant

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Additionally, NGHC also announced that the non-recourse financing structured for the project has been certified by S&P Global (as the second party opinion provider) as adhering to green loan principles and is one of the largest project financings put in place under the green loan framework.

Hydrogen 186
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Ørsted takes final investment decision on green hydrogen project H2RES

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Ørsted has taken final investment decision on the Danish demonstration project H2RES, which will use offshore wind energy to produce renewable hydrogen. The practically unlimited global offshore wind resources are suited to power renewable hydrogen electrolysis. MW offshore wind turbines at Avedøre Holme.

Hydrogen 293
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Consortium developing green hydrogen megaproject in Oman

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An international consortium comprising OQ, which is the Sultanate of Oman’s global integrated energy company, InterContinental Energy, the leading dedicated green fuels developer, and EnerTech, a Kuwait government-backed clean energy investor and developer, is developing an integrated green fuels mega project in Oman.

Oman 284
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Leading UK scientists set out resource challenge of meeting EV targets by 2050

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Last month, the Committee on Climate Change published a report— Net Zero: The UK’s Contribution to Stopping Global Warming —which concluded that “net zero is necessary, feasible and cost effective.” This may include potentially considering sources much closer to where the metals are to be used. —Prof Richard Herrington.

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BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden

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From 2025 on, the company plans to source steel produced with up to 95% less CO 2 emissions and without requiring fossil resources such as coal. The BMW Group has now reached an agreement to this effect with the Swedish startup H2 Green Steel (H2GS), which uses hydrogen and only green power from renewable energies for steel production.

Sweden 341