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Global Energy Transition Forum ’to convert targets into concrete projects’

Announcing the Forum’s launch at Davos, European Commission President Ursula von der Leyen said, “The Forum is all about connecting the dots, so we can learn from each other and exchange best practices, and support projects that jump start new clean energy industries and scale up clean energy globally.” While Europe has made significant strides, with 50% of its electricity now coming from reneawbles, the global picture is uneven. Africa, despite being rich in solar and natural resources, has attracted only 2% of global clean tech investment and 600 million people still lack access to electricity. President Von der Leyen said the Forum would support “flagship initiatives” and strive to champion “smarter financing and derisking tools” to help projects reach FID. “We have to sustain the momentum of our historic global energy agreement and turn… Read More »Global Energy Transition Forum ’to convert targets into concrete projects’

Europe Clean Industrial Deal to tackle permitting red tape | Europe – East

Europe wants to cut red tape and improve capital flows Europe wants to cut red tape and improve capital flows The European Commission will launch the Clean Industrial Deal in February in a bid to tackle permitting delays and red tape among hard-to-abate and new tech industries. Speaking at Davos, Wopke Hoekstra, Commissioner for Climate, Net Zero and Clean Growth, European Commission, said a major challenge is bridging climate action with competitiveness. “One of the key things we need to do is further enhance our competitiveness and make sure that decarbonisation is a  growth strategy,” he said. “So that means focusing on two sectors. Firstly, heavy industry and difficult-to-abate, which is pivotal to the success of our continent, and as important, are the ‘new kids on the block’, the tech companies that have huge demand and… Read More »Europe Clean Industrial Deal to tackle permitting red tape | Europe – East

Clean energy job demand points to future tech boom

But the future may be brighter than we think, delegates attending the World Economic Forum annual meeting in Davos heard today. “You have people leaving landing rockets and saying ‘I want to go work in energy,’” said Bob Mumgaard, Co-Founder and CEO, Commonweatlh Fusion Systems, in a panel on ‘Deploying Advanced Energy Tech faster’. “You look at portfolios, they are full of people bringing skills from other fields – that’s very exciting. The energy sector is actually the hardest to get into, so I think we’re going to see a pipeline fill, and in around 10 years from now, a whole bunch of technologies to pick from.” He said sectors such as fusion provide a completely new technological stack and business model. Hans Kobler, CEO and Founding Partner, Energy Impact Partners, agreed that there is… Read More »Clean energy job demand points to future tech boom

Topsoe to supply tech for China clean fuel project | Decarbonisation

Cleantech firm Topsoe will help to get a Chinese clean fuels project off the ground by providing essential technology needed to produce sustainable aviation fuels (SAF) and renewable diesel. Located in Guangxi, the project is run by Guangxi Free Trade Zone Chuangui Lingang New Energy Co., Ltd (Chuangui New Energy) and aims to process 300,000 tonnes of feedstock (used cooking oil) into SAF and clean diesel per year after December 2026. The partners intend to achieve this by using Topsoe’s HydroFlex technology and other equipment and catalysts, a move that could avoid the emission of 800,000 tonnes of carbon dioxide (CO2) equivalent each year. Topsoe’s Chief Commercial Officer Elena Scaltritti see’s the partnership as an ‘important milestone’ for the growth of the company’s SAF mission in China. This was echoed by Chuangui New Energy’s Chairman… Read More »Topsoe to supply tech for China clean fuel project | Decarbonisation

European leaders reach out as world closes in | Europe

European Commission President Ursula von der Leyen struck a collaborative tone amid escalating tensions European Commission President Ursula von der Leyen struck a collaborative tone amid escalating tensions A central discussion on the opening day of the World Economic Forum’s annual meeting in Davos was Europe’s present and future industrial policy, a day after US President Trump rolled out a wide range of executive orders which will have as many ramifications for global trade as domestic policy. Within hours of taking office, President Donald Trump signed an executive order to suspend further funding from the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA). Olaf Scholz, Federal Chancellor of Germany, said it was clear that President Trump and his government “will keep the world in suspense” with energy and trade policy. “The President… Read More »European leaders reach out as world closes in | Europe

bp to cut 5% of global workforce | People

Energy giant bp is cutting 5% of its global workforce to save costs. The reductions, amounting to around 4,700 jobs as well as 3,000 contractor roles, were announced in a staff memo. The company has around 90,000 workers globally and 16,000 in the UK. The drop in head count comes as the company wants to become ‘simpler, higher value’ entity, with more emphasis on digital. bp stopped 18 early-stage hydrogen projects as it posted its weakest quarterly profit in almost four years in October. The energy major’s underlying profit for July-September was $2.2bn, down from $3.3bn in the third quarter of 2023, while in the first nine months in 2024 it totalled $7.7bn, down from $10.8bn in the corresponding period last year. bp recently began flowing gas from wells at the GTA Phase1 liquefied natural… Read More »bp to cut 5% of global workforce | People

Asahi Kasei wins backing to boost green hydrogen production | Hydrogen

Japanese technology company Asahi Kasei has secured government funding to expand its production of green hydrogen equipment, part of Japan’s ambitious efforts to hit carbon neutrality by 2050.  Under the plan, Asahi Kasei will build new manufacturing facilities at its plant in Kawasaki, aiming to produce 2 GW (gigawatts) of electrolyser components like cell frames and membranes annually by 2028.  Backed by a ¥11.4bn ($74m) subsidy as part of Japan’s Green Transformation (GX) strategy, this expansion is part of a larger ¥35 billion ($224m) investment by the company.   … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link

ADNOC Gas explores graphene and hydrogen from methane | Graphene

ADNOC Gas and Baker Hughes have installed Levidian’s LOOP technology at the Habshan Gas Processing Plant. The Gulf operator claims it marks the first-ever deployment of the technology at an operational gas processing site. Carbon will be captured from methane, the main constituent of natural gas, and transformed into graphene, a material set to shape the future of multiple industrial applications, under a pilot trial. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link

UK Government awards £50m for hydrogen and carbon capture projects | Decarbonisation

The UK Government has earmarked £51.9 million ($63.2m) to 25 businesses adopting emissions-cutting projects as part of the Plan for Change which targets economic growth and Net Zero emissions by 2050. Allocated under the Industrial Energy Transformation Fund, the government will back industries as varied as food manufacturing, cement production and glass processing. A statement released last week by the Department for Energy Security and Net Zero revealed that recipients include Essar Oil UK, Heinz’s Wigan baked bean factory, Nestle’s coffee facility in Staffordshire, Hanson Cement in North Wales and a craft beer company in Cornwall. “These companies represent some of the best of business innovation – using new technologies to improve how we do things, become more sustainable and continue to make the British products we love – from baked beans to beer,” said… Read More »UK Government awards £50m for hydrogen and carbon capture projects | Decarbonisation

CIP supports major green hydrogen project in Germany | Hydrogen

Copenhagen Infrastructure Partners (CIP) has teamed up with Friesen Elektra Green Energy AG to launch Project Anker, a green hydrogen production facility in Sande, Lower Saxony, Germany.  The project will start with an electrolysis capacity of 400 MW, with plans to double to 800 MW in future, producing up to 80,000 tonnes of green hydrogen each year. Located near Wilhelmshaven, a key energy and industrial hub, and close to Germany’s planned hydrogen core network, Project Anker is well-positioned to support industries like steel and chemicals, as well as transport.  The facility aims to replace fossil fuels with green hydrogen, potentially reducing CO2 emissions by 2.4 million tonnes annually, roughly equal to the emissions from 340,000 households. The hydrogen production will be powered by renewable energy from wind and solar sources. Speaking about the project, Felix… Read More »CIP supports major green hydrogen project in Germany | Hydrogen