CO2

Global LNG market could split if an EU carbon tax is imposed on imports

Retrieved on: 
Thursday, March 21, 2024
Carbon, Research, Methane, Tax, Wood, GHG, Global warming potential, Gas, ETS, Call, Plant, CBAM, Wood Mackenzie, CO2, European, Carbon dioxide, Coal, Natural gas

21 March 2024 – The global liquefied natural gas (LNG) market could be transformed and potentially bifurcate if the European Union (EU) extends its carbon taxes to include LNG imports, according to the Wood Mackenzie’s latest Horizons report.

Key Points: 
  • 21 March 2024 – The global liquefied natural gas (LNG) market could be transformed and potentially bifurcate if the European Union (EU) extends its carbon taxes to include LNG imports, according to the Wood Mackenzie’s latest Horizons report.
  • The EU has extended its Emission Trading Scheme (ETS) to shipping, meaning that LNG cargoes into Europe will be subject to a carbon tax from 2024.
  • The report, titled Call of duties: How emission taxes on imports could transform the global LNG market’ concludes that if the trading bloc goes further and tightens it methane regulation or includes LNG in its Carbon Border Adjustment Mechanism (CBAM) – effectively placing an import duty on LNG at prevailing ETS carbon prices – then Wood Mackenzie predicts that the global LNG market would split.
  • “If the EU decides to apply these levies, then this will push European gas prices up but also bifurcate the global LNG market, creating a two-tier LNG market,” says Massimo Di Odoardo, Vice President of Gas & LNG Research at Wood Mackenzie.

Equinor presents 2023 Integrated annual report

Retrieved on: 
Thursday, March 21, 2024
Annual report, Lindworm, Tax, Growth, Exchange, Snorre, Anders Opedal, GHG, Global warming potential, Gullfaks oil field, History, Acquisition, Security (finance), CCS, Nature, Carbon, Disclosure, Bank statement, Accident, Publication, CO2, Kilowatt-hour, Energy, ASA, Gina Krog, Use, Baugé, USD, NCS, Fatality, EQNR, Renewable energy

Equinor ASA (OSE: EQNR, NYSE: EQNR) publishes 2023 Integrated annual report, combining financial and sustainability reporting.

Key Points: 
  • Equinor ASA (OSE: EQNR, NYSE: EQNR) publishes 2023 Integrated annual report, combining financial and sustainability reporting.
  • The report for 2023 integrates the annual financial and sustainability reporting, reflecting the importance of sustainability for Equinor’s operational and financial performance, to our people, investors and other stakeholders.
  • The Equinor 2023 Annual Report on Form 20-F may be downloaded from Equinor's website at www.equinor.com.
  • See Use and reconciliation of non-GAAP financial measures in the integrated annual report for more details.

New Report Details Environmental Benefits of Cenate’s Silicon-Based EV Batteries

Retrieved on: 
Wednesday, March 20, 2024
EVS, Cenate, EV, Investment, Graphite, CO2, Lithium

Now, a new report quantifies the environmental benefits of transitioning from the typical synthetic graphite to Cenate’s silicon-based anode.

Key Points: 
  • Now, a new report quantifies the environmental benefits of transitioning from the typical synthetic graphite to Cenate’s silicon-based anode.
  • For every kg used of Cenate’s materials in an EV battery, 5-7 kg of graphite can be taken out.
  • In a battery with 100% use of Cenate’s anode materials nearly all the CO2 emissions from production of anode materials will be avoided.
  • In addition, the batteries will become smaller, lighter, cheaper and cleaner, and these benefits will together help accelerate the transitioning from internal combustion engine vehicles to EVs, thereby increasing emissions reductions even further.

Hudson Announces Change of Name to AnorTech Inc.

Retrieved on: 
Tuesday, March 19, 2024
TSX Venture Exchange, CUSIP, Bank statement, CO2, OTC, Aluminium, Hand

The new CUSIP for the Company's common shares will be 03634T104 and the new ISIN number will be CA03634T1049.

Key Points: 
  • The new CUSIP for the Company's common shares will be 03634T104 and the new ISIN number will be CA03634T1049.
  • A new corporate website will also be launched on the same day under the domain www.anortechinc.com .
  • Issued certificates representing common shares of the Company will not be affected by the name change and will not need to be exchanged.
  • The name change does not affect the rights of the Company’s shareholders.

FuelCell Energy Innovators to Highlight Advanced Clean Technologies at CERAWeek 2024

Retrieved on: 
Tuesday, March 19, 2024
Hydrogen, Mechanical, Hydrogen highway, Engineering physics, Conference, Growth, Physics, FuelCell Energy, Technology policy, H2, James W. Dally, Research, Electrolysis, Interview, Engineering, Leo, Carbon, B cell, Voelker, CO2, Society, Coal, Chemical engineering, Rensselaer Polytechnic Institute, Policy, Renewable energy

Both leaders are members of FuelCell Energy’s InsightFUEL bench of clean energy experts available for interviews with the media.

Key Points: 
  • Both leaders are members of FuelCell Energy’s InsightFUEL bench of clean energy experts available for interviews with the media.
  • Tony Leo joined FuelCell Energy in 1978 and has held key leadership roles in research, development, and commercialization of electrochemical systems during his tenure.
  • The Connecticut Power and Energy Society honored him with its 2023 Excellence in Energy Award.
  • Brent Voelker is Director of Solutions Engineering at FuelCell Energy, responsible for the development of site-level solutions on projects in renewable hydrogen production, long-term energy storage, electric power from renewable hydrogen, and carbon capture.

Wren Kitchens Completes 56% More Customer Appointments and Saves £2 million Annually with Descartes Routing Solution

Retrieved on: 
Tuesday, March 19, 2024
Wren Kitchens, City centre, Travel, TSX, DSG, Transport, Descartes Systems Group, CO2, Commerce

The solution has dramatically improved the productivity of Wren’s surveyors, who typically visit a customer’s home to provide estimates for kitchen or bedroom renovation projects.

Key Points: 
  • The solution has dramatically improved the productivity of Wren’s surveyors, who typically visit a customer’s home to provide estimates for kitchen or bedroom renovation projects.
  • “With Descartes, now when a customer books an appointment, the comprehensive solution works in the background to automatically optimise surveyor schedules and travel routes to appointments.
  • Using advanced optimisation technology, the solution reduces the distance driven per delivery to maximize delivery capacity and optimize the productivity of mobile resources.
  • Descartes’ route planning and execution solutions help companies of all sizes in diverse industries transform operational performance and heighten the customer experience.”

Norsk Hydro: Industry and Norwegian government agree on the CO2 compensation scheme

Retrieved on: 
Friday, March 15, 2024
Energi, Employment, ESA, NHO, ETS, Carbon, NOK, Investment, CO2, LO, Renewable energy

The Norwegian government, industry associations and trade unions have reached an agreement on the future of the Norwegian CO2 compensation scheme, valid from 2024 until 2030.

Key Points: 
  • The Norwegian government, industry associations and trade unions have reached an agreement on the future of the Norwegian CO2 compensation scheme, valid from 2024 until 2030.
  • “The CO2 compensation scheme is essential for maintaining competitive frame conditions for industries in Norway.
  • The agreement between the Norwegian government, Norsk Industri, Industri Energi & Forbundet for ledelse og teknikk, Fellesforbundet, LO, and NHO is valid from 2024 until 2030.
  • The revised CO2 compensation scheme includes a commitment for the industries to implement emission reduction and energy efficiency measures corresponding to 40 percent of the CO2 compensation paid.

Technip Energies and GE Vernova Advance the UK’s Transition to Net-Zero with one of the World’s First Commercial Scale Gas-Fired Power and Carbon Capture Projects

Retrieved on: 
Friday, March 15, 2024
Carbon, Electricity, NZT, CCA, Natural gas, Shell, Letter, Heat recovery steam generator, Carbon capture, Consortium, HRSG, CO2, Technip Energies, Energy, BP, CCUS, General Electric, Government, State, Power, Renewable energy

This landmark project is poised to become one of the world’s first commercial scale gas-fired power stations with carbon capture, expected to capture up to 2 million tonnes of CO2 per year.

Key Points: 
  • This landmark project is poised to become one of the world’s first commercial scale gas-fired power stations with carbon capture, expected to capture up to 2 million tonnes of CO2 per year.
  • The Technip Energies and GE Vernova consortium, supported by leading infrastructure group Balfour Beatty, will play an important role constructing a highly efficient combined cycle plant.
  • Technip Energies , GE Vernova , and Balfour Beatty , supported by Shell in the UK are forming the Carbon Capture Alliance (CCA).
  • It’s a significant milestone in delivering the critical infrastructure needed to transition the UK to Net Zero.

PyroGenesis Announces $450K Contract for the Sale of a Plasma Torch/Furnace System for Advanced Green Cement Development

Retrieved on: 
Thursday, March 14, 2024
Temperature, Plasma, GHG, FRA, 0 A.D. (video game), Pollution, TSX, CO2, Confidentiality, Greenhouse, Cement

Funded in part by the U.S. Department of Energy (“DOE”), the name of the client will remain anonymous for confidentiality reasons.

Key Points: 
  • Funded in part by the U.S. Department of Energy (“DOE”), the name of the client will remain anonymous for confidentiality reasons.
  • This first contract with an expert in advanced structural cement development opens the door to future projects in the cement industry”, said Mr. P. Peter Pascali, CEO and President of PyroGenesis.
  • Under the terms of the contract, PyroGenesis will design and build a system tailored for lab-scale cement production applications.
  • The system will include a plasma torch, a refractory furnace, and the required gas, power, and cooling components and peripherals.

MMEX Resources Corporation (OTCPK: MMEX), a leading clean energy company, has achieved several new milestones to bring clean hydrogen to the market.

Retrieved on: 
Thursday, March 14, 2024
Growth, Union Pacific Railroad, Siemens Energy, CO2, Project, Port, Electrolysis, Oil

Fort Stockton, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- MMEX Resources Corporation (OTCPK: MMEX), a development stage clean energy company, has achieved several new milestones in its quest to bring low carbon-intensity hydrogen to the market. The company is advancing the off-takes for its two principal hydrogen projects. In its latest shareholder update, MMEX Resources provides details on its progress in the green and blue hydrogen space and updates on its projects and partnerships.

Key Points: 
  • Fort Stockton, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- MMEX Resources Corporation (OTCPK: MMEX), a development stage clean energy company, has achieved several new milestones in its quest to bring low carbon-intensity hydrogen to the market.
  • In its latest shareholder update, MMEX Resources provides details on its progress in the green and blue hydrogen space and updates on its projects and partnerships.
  • To learn more about MMEX Resources' hydrogen projects and its project technology partners, you can access the Projects Summary on the company's website.
  • MMEX Resources remains committed to bringing clean hydrogen to the market and is excited about the progress it has made so far.