Fortescue shipped a record volume of iron ore in the year to June and is forecasting stronger growth in the next 12 months as production costs fall, while problems persist at its Iron Bridge project.The company founded by Andrew Forrest, whose wealth is estimated by the Financial Review Rich List to be $12.68 billion, told investors it could grow iron ore volumes by a further 3 per cent in the year...

These national grants will subsidize projects in Spanish territory preselected in the second auction as a service that were left out when the community budget was exhausted. The European Commission today authorized the government to allocate a maximum of €400 million in direct aid to renewable hydrogen production projects on Spanish soil that have...

Capacity 602 MW – The Netherlands spent 700 million euros to subsidize 11 hydrogen energy projects Eleven new projects involving large-scale electrolyzers have been launched in the Netherlands, with about 602 MW of subsidized electrolyzer capacity. Refineries, chemical industries and gas stations can further improve sustainability and reduce carbon dioxide emissions with...

The Scottish government has announced that businesses will be able to bid for a share of up to £7 million funding to kick start green hydrogen projects across Scotland.The funding is available to hydrogen projects with a production capacity of 5-400MW, and will help cover development stage costs. Support will also be available for work that supports the hydrogen supply chain and storage...

UK Signs Contracts for First 10 Green Hydrogen Projects, Unlocking Jobs and Construction Source link...

Kimberly-Clark UK & Ireland has become the first major consumer products company in the U.K. to make a significant commitment to green hydrogen, signalling its commitment to a more sustainable future. Together with its energy partners, Carlton Power and HYRO (a joint venture between Octopus Energy Generation and RES), K-C is investing over £125 million into the emerging energy solution at...

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STORY: Global green hydrogen developers are canceling projects and trimming investments...Meaning the world may have to rely on fossil fuels for longer than targeted.Hard-to-electrify industries that were seen as ideal candidates for green hydrogen have found that the transition looks prohibitively expensive.German forging company Dirostahl depends on furnaces fired by natural gas and is looking to...

Kimberly-Clark Announces Green Hydrogen Deals In The UK – €144.3 million combined investment Consumer goods giant Kimberly-Clark has teamed up with HYRO and Carlton Power to invest a combined £125 million (€144.3 million) in green hydrogen sources in the UK. Kimberly-Clark, HYRO, and Carlton Power will support emerging energy solutions at its two plants in...

Green Hydrogen Retreat Poses Threat to Emissions Targets  Fuel Cells Works Source link...