Decarbonising the steel industry is one of the massive challenges in meeting climate goals, but could end up being extremely profitable for companies and governments prepared to take the risks. The steel value chain accounts for 7% to 9% of global carbon emissions, the largest single industrial contributor and thus a prime target for the...
March 24 (Reuters) – South Korea’s Hyundai Motor Group announced a $21 billion investment in the United States with President Donald Trump at the White House on Monday. The investment includes a new $5.8 billion Hyundai Steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually, creating more than 1,400 jobs. The steel...
Renewable energy projects in Rajasthan, India’s leading solar state, are expected to become more expensive and face delays due to a recent amendment to the state’s land registration laws, industry experts said. The Rajasthan government has made it compulsory for companies to pay stamp duty when signing an agreement for sale or leasing land for...
Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of them – suddenly dropped off the grid one day last summer and switched to on-site...
The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to restart after ceasing operations. The conditional loan guarantee was part of an effort by the administration of former President...
The U.S. Department of Energy said on Wednesday that it has extended a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project jointly owned by QatarEnergy and ExxonMobil being built in Texas. The approval will grant additional time to begin LNG exports to large markets in Asia and Europe from the...
South Korea and the United States have agreed to establish a working-level group to discuss a gas pipeline project in Alaska, energy, shipbuilding, tariffs and non-tariff barriers, South Korea’s Industry Minister Ahn Duk-geun said on Tuesday. The United States has asked South Korea and other countries if they are interested in participating in an Alaskan...
Polish refiner Orlen (PKN.WA) and Norway’s Equinor (EQNR.OL) signed on Monday a memorandum of understanding (MoU) on the development of carbon capture and storage (CCS) projects. The documents were signed by Irene Rummelhoff – Executive Vice President at Equinor, and Wieslaw Prugar, Orlen management board member in charge of upstream. Under the memorandum, Orlen and Equinor will...
Several Chinese builders of sustainable aviation fuel (SAF) plants are postponing start up as a lack of government policy guidance restrains them from marketing the fuel domestically or exporting it. Reuters reported last May that companies were investing more than $1 billion to build China’s first plants to turn waste cooking oil into aviation fuel for...
India has the second-largest clean power capacity development pipeline globally after China, with nearly 56,000 megawatts of new renewables, hydro and nuclear capacity under construction. Clean energy sources account for two-thirds of the all the new power capacity under development in India, according to Global Energy Monitor (GEM) data, and will result in a 35%...
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