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Webinar: Delivering on large scale hydrogen and top 10 projects globally

When it comes to large scale hydrogen projects, few are on the scale of the Nordic-Baltic hydrogen corridor. The ambitious project aims to connect Finland, the Baltic States (Lithuania, Latvia and Estonia), Poland and Germany with a 2,500km hydrogen pipeline by 2030. It supports the EU’s hydrogen strategy and REPowerEU plan and several regional and EU climate goals, such as the EU’s Green Deal program and the Fit for 55 preparedness package. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register for free and create a profile to gain access to this full article and gasworld’s daily news. For access to more content including our monthly digital magazines, subscriber-only features or… Read More »Webinar: Delivering on large scale hydrogen and top 10 projects globally

Fortescue secures RMB14.2bn loan to revive green energy plans

Diverse Australian mining-come-energy company Fortescue has secured a RMB14.2bn (US$1.98bn) loan in order to get its decarbonisation agenda back on track. The loan, the first RMB-syndicated term loan of its kind by an Australian corporate, was secured from leading Chinese, Australian and international lenders. Fortescue is a core supplier of iron ore to China and generates RMB revenues through its iron ore sales. Dr Andrew Forrest, Executive Chairman, said while the US steps back from investing “in what will be the world’s greatest industry”, China and Fortescue are advancing the green technology needed to lead the global green industrial revolution. “China continues to lead the world in industrial scale and innovation,” he said. Fortescue has cancelled two green hydrogen projects in the US and Australia, despite both having passed final investment decision (FID), citing shifting… Read More »Fortescue secures RMB14.2bn loan to revive green energy plans

Ineos risks ETS allowance loss after hydrogen switch at UK plant | acetic acid producer globally reusing

A UK chemicals facility that cut emissions by 75% by switching from natural gas to low-carbon hydrogen could miss out on millions in emissions trading scheme (ETS) allowances for two years due to a potential reclassification of the site. Ineos Acetyls said its Saltend site in Hull, acquired from BP in 2021, had cut 75% of its emissions due to its switch to blue hydrogen. The company said the move should have secured it millions in ETS allowances. However, the chemicals maker claims that the UK Environment Agency (EA) is mulling a reclassification of the site as a “new installation,” which would mean the site would not be eligible for ETS funds until 2028. … to continue reading you must be subscribed To access hundreds of features, subscribe today! At a time when the world… Read More »Ineos risks ETS allowance loss after hydrogen switch at UK plant | acetic acid producer globally reusing