Air Products has rejected shareholder Mantle Ridge’s proposal to appoint a new CEO and Board of Directors after the investment firm suggested Eduardo Menezes as a replacement CEO.
South Korea’s LUPro has agreed to produce one million tonnes of green ammonia per year with Muscat Investment House in Oman and export it to Thailand and Southeast Asia.
The South Korean government has cancelled plans for a 100MW hydrogen fuel cell power plant project worth $414m, according to local reports.
HydrogenPro has raised NOK 70m ($6.2m) in equity from existing investors and has agreed on a deal to double this amount with Longi Green Energy Technology.
ITM Power has been selected as the technology provider and awarded a front-end engineering design (FEED) contract for a 50MW green hydrogen production site.
Switzerland’s national hydrogen strategy anticipates a rise in domestic hydrogen demand starting in 2035, driven by the expected decline in import costs.
“The Board and management team are resolute in their focus on improving JM’s share price performance and recognise the need to restore shareholder returns. JM is fully committed to driving enhanced performance, higher cash flow...
“The board decision is unanimous and is due to the fact that there is no longer a realistic opportunity to raise sufficient capital to continue operations.”
DH2 Energy has unveiled plans to develop four large-scale green hydrogen facilities in Spain’s Extremadura region, with a combined capacity of 1.5GW.
HydrogenOne is selling its investment adviser business to infrastructure and assets manager Cordiant.
