The FINANCIAL — bp and Ørsted have today signed a Letter of Intent (LOI) to work together to develop a project for industrial-scale production of green hydrogen – a significant step in developing bp’s hydrogen business. Green hydrogen is made by the electrolysis of water using renewable power, producing zero emissions. In their proposed Lingen Green Hydrogen project, the two firms intend to build an initial 50 megawatt (MW) electrolyser and associated infrastructure at bp’s Lingen Refinery in north-west Germany. This will be powered by renewable energy generated by an Ørsted offshore wind farm in the North Sea and the…
Read More »
The FINANCIAL — bp and Ørsted have today signed a Letter of Intent (LOI) to work together to develop a project for industrial-scale production of green hydrogen – a significant step in developing bp’s hydrogen business. Green hydrogen is made by the…
The FINANCIAL — General Motors announced its Detroit-Hamtramck Assembly Center will be known as Factory ZERO, reconfigured to an all-electric vehicle assembly plant. The name Factory ZERO reflects the significance of this facility in advancing GM’s zero-crashes, zero-emissions and zero-congestion future. Factory…
The FINANCIAL — DHL Freight, one of the leading road freight providers in Europe, is strengthening its commitment to reducing greenhouse gases and pollutants. In line with the company’s GoGreen program, the freight specialist is publishing a new white paper to introduce…
The FINANCIAL — All member states must become climate neutral by 2050, says European Parliament in a vote on the EU climate law, calling for ambitious 2030 and 2040 emissions reduction targets. On Wednesday, Parliament adopted its negotiating mandate on the EU climate…
The FINANCIAL — A group representing investors that collectively manage more than US$47tn in assets has demanded the world’s biggest corporate polluters back strategies to reach net-zero emissions and promised to hold them to public account. Climate Action 100+ is an initiative that…