Fortescue is hitting the brakes on two of its early-stage green hydrogen projects—one in Arizona and the other in Gladstone, Australia—as it shifts focus back to its bread and butter: iron ore mining. After taking a hard look at its clean energy efforts, the company’s pulling back, expecting to write down around $150 million (pre-tax) in the process. The reason? The financial returns just aren’t...
Key Takeaways BP is withdrawing from the $36B AREH green hydrogen project, giving up its 63.57% stake and operator role.The exit reflects BP's strategic shift to oil and gas following investor pressure and weak stock returns.BP's move casts uncertainty over AREHs future, with partners needing to rethink project funding. BP plc (BP...
BP Plc will exit its role in a massive green hydrogen production facility planned in Australia as the British oil major refocuses on the fossil fuels that drive its profits. The company told its partners in the Australian Renewable Energy Hub that it plans to leave the project as both operator and equity holder, according to a statement from a BP spokesperson. It’s the latest setback for green...
Kimberly-Clark UK & Ireland, the manufacturer of household brands including Andrex and Kleenex, has become the first major consumer products company in the UK to sign long-term offtaker agreements for green hydrogen, to decarbonize production of products including toilet and facial tissues. The company is partnering with Carlton Power and HYRO – the latter...
The energy group says it has successfully competed its first combustion tests using 'green hydrogen' in the ceramics sector. Industrial furnaces that reach very high temperatures have historically relied on natural gas, but green hydrogen is being heralded as a potentially low-carbon option to use the...
Hy24 & REFIRE Team Up to Boost Hydrogen Fuel Cell Adoption Fuel Cells Works Source link...
The European Commission unveils the Hydrogen Mechanism, a digital and financial tool designed to establish a unified European hydrogen market and accelerate decarbonisation in industry and transport. In a pivotal development for the European hydrogen economy, the European Commission has officially announced the upcoming launch of the Hydrogen...
Clarity on clean hydrogenOur mission is to deliver engaging and independent business journalism and insight to executives and leaders in the global clean hydrogen industry. We focus on delivering the news and analysis that matters, fearlessly looking beyond the hydrogen hype to provide a balanced view of the market, giving readers the knowledge they need to make critical business decisions. Source...
The UK government has approved the Sizewell C nuclear power plant. This decision shows the country’s commitment to clean and secure energy for the long term. Once completed, the plant will supply reliable, low-carbon electricity to about six million homes—roughly 7% of the UK’s total electricity needs. Sizewell C is in Suffolk. It’s the first nuclear project to reach this stage since Hinkley...
Sasol Chemicals and INERATEC are teaming up to give synthetic sustainable aviation fuel (or e-SAF) a serious boost. The two companies just signed a Letter of Intent that could shake things up in the world of hydrogen-based fuel. The focus? Rolling out next-gen cobalt Fischer-Tropsch (FT) catalysts at INERATEC’s flagship ERA ONE Power-to-Liquid (PtL) facility near Frankfurt, Germany—with hopes of...
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