Norwegian aluminium producer Hydro has announced plans to cancel its green hydrogen business, citing challenging market conditions, although it will continue to back a hydrogen-fuelled smelting pilot project.
German state-owned bank KfW has signed a €24bn ($25.3bn) loan agreement to help finance the cost of building the nation’s 9,040km hydrogen core network (HCN).
Swedish green steelmaker Stegra has signed a six-year electricity supply agreement with Uniper for a total of 6TWh to power its inaugural green hydrogen-based steel plant.
Amid growing concerns in the West, China’s Hangyang reaffirms its commitment to global partnerships, emphasising fair competition and open collaboration as cornerstones of the hydrogen industry.
The hydrogen leak and subsequent fire at Leuna serve as a reminder of the vulnerabilities in the hydrogen supply chain and the critical importance of safety and transparency in the industry…
Purem by Eberspaecher has joined the PoWer project to support the development of hydrogen engines in construction and agricultural applications.
Aditya Mittal, Chief Executive of Arcelor Mittal, said the firm was “very grateful” for the government support it had received, but added, “The scale of the challenge requires further policy initiatives to unlock increased investment.”
While the land reservation comes just as a “preliminary decision,” Verso claims AFRY Finland assessed the likelihood of the project’s realisation as “high.”
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.
First Bus will reportedly install a hydrogen refuelling station at its depot in Aberdeen, Scotland, which has sparked concerns from the local community.
