Africa

“Mantle Ridge’s campaign is nothing less than an attempt to unilaterally seize full control of Air Products without paying a control premium,” the company claimed.

The $1.6bn green hydrogen-based project will produce 400,000 tonnes per year by 2030 before it scales production up to one million tonnes per year.

Calling for stakeholders globally to scale up hydrogen by offering demand creation, standards and certification, finance, capacity building, trade, R&D and sustainability, the declaration launched ahead of COP is not part of official negotiations.

Angola’s state-owned oil and gas company Sonangol plans to make a final investment decision (FID) on the country’s first green hydrogen project in 2025.

“I’m pleased actually, that a reality check is in place because that’s what we need for substantial development in the hydrogen space,” Linde CEO, Sanjiv Lamba, remarked.

Despite the IEA highlighting the EU’s REFuelEU Aviation policy as a “major driver” of the demand, in its STEPS scenario, just one-sixth of the 120GW will be installed in Europe.

The Energy Technology Perspectives 2024 report expects electrolyser manufacturing investments to peak “well before” 2035 in all three of its scenarios.

TE H2 has signed a Preliminary Contract for Land Reservation with Copenhagen Infrastructure Partners (CIP) and A.P. Møller Capital for a 1GW hydrogen production project in Morocco.

Germany will need to build over 9GW of clean hydrogen production capacity in little over five years to meet its 2030 targets, the Hydrogen Technology Expo Europe in Hamburg has heard.

Offering an opportunity for stakeholders to declare their commitments to working towards the scale-up of clean hydrogen, the declaration does not come as part of COP’s official negotiations.