MHI issues five-year green bond worth $67m
Mitsubishi Heavy Industries (MHI) has issued a ¥10bn ($67m) bond to finance its energy transition initiatives, which include low-carbon hydrogen and ammonia production.
As we enter the summer break for many, it’s been a polarising start to the second half of 2024. While we’ve seen ground-breaking projects, technological developments and more political drive on hydrogen, we’ve also witnessed high amounts of struggle.
Mitsubishi Heavy Industries (MHI) has issued a ¥10bn ($67m) bond to finance its energy transition initiatives, which include low-carbon hydrogen and ammonia production.
RWE has agreed to support UK Oil & Gas’ (UKOG) underground hydrogen storage projects in Dorset and Yorkshire, the UK.
Langley Holdings has acquired the Italian-based, hydrogen storage provider GKN Hydrogen from Dowlais Group for an undisclosed price.
Ion Fuel LLC has developed a hydrogen-fuelled barbeque system, capable of producing hydrogen on-site.
Veer has chosen Fosen Shipyard to help develop, construct, sell and purchase two firm units of 100m-long wind-powered and hydrogen-assisted container vessels.
Canada has announced it will commit up to CAD $300m ($216m) to support clean hydrogen trade with Germany, reinforcing their joint hydrogen alliance.
Air Products has revealed a $3bn slip in sales in its latest 2024 Q3 earnings call but praised the significant milestone reached in securing the major hydrogen supply deal signed with TotalEnergies.
Source3 Energy X plans to develop a hydrogen hub in British Columbia, Canada, capable of producing up to 50,000 tonnes of hydrogen per year.
Shell has revealed its renewable power generation capacity rose from 6.7GW to 7.1GW in its Q2 2024 results, while sales of pipeline gas decreased to 148Twh.
The US Department of Energy (DOE) will provide $33m to develop solar-based technologies to support the production of renewable fuels such as hydrogen.
