LG Chem [051910:KS] will launch its first hydrogen manufacturing plant in the second half of 2024 with an annual capacity of 50,000 tons, as reported by Reuters on June 20. The plant will produce clean fuel for the petrochemical sector, in keeping with the company's...
TotalEnergies [TTE:FP] will acquire a 25% stake in Adani New Industries (ANIL), a subsidiary of Indian conglomerate Adani Enterprises [ADE:IN], as part of the two firms’ agreement to develop the world's biggest green hydrogen ecosystem, as reported by Reuters on June 14. The value of...
The South Australia government is planning new legislation to accelerate local hydrogen development, as reported by Reuters on May 31. The new law aims to license and regulate hydrogen production in the state and will apply to all forms of hydrogen, including green hydrogen produced...
South Korea’s major chemical firm Lotte Chemical [011170:KS] plans to invest KRW10tr (USD7.9bn) into new businesses in battery materials and hydrogen energy by 2030, as reported by Nikkei Asia on May 20. Specifically, the company will allocate KRW4tr (USD3.2bn) to the battery material businesses and...
Inner Mongolia, China’s second-largest coal-producing region and the biggest renewables producer, released a five-year plan (FYP) to build a hydrogen industry worth over RMB100bn (USD15.83bn) from 2021 to 2025, as reported by power market monitor bjx.com.cn on March 1. The plan aims for a hydrogen...
Japan is preparing for a massive field test that produces clean-burning hydrogen through artificial photosynthesis, as reported by Nikkei Asia on February 18. Precisely, the pilot will develop photocatalytic sheets capable of splitting water molecules into hydrogen and oxygen using sunlight and apply such sheets...
Hyosung Group [004800:KS] announced on January 24 that it has signed a memorandum of understanding with the government of South Jeolla Province on hydrogen and renewable energy projects, as reported by the Korea Economic Daily on the same day. Hyosung is planning to invest KRW1tr...
Korea Shipbuilding & Offshore Engineering (KSOE) [009540:KS], the shipbuilding unit of Hyundai Industries Group [267250:KS], expects to possess the technology to transport hydrogen by ship by 2025, as reported by Reuters on January 13. KSOE has developed a concept ship capable of carrying 20,000 cubic...
Australian iron ore miner Fortescue Metals Group (FMG) [FMG:AU] plans to sign a green hydrogen supply deal with German chemicals maker Covestro [1COV:GR], as reported by Reuters on January 17. Starting 2024, FMG plans to supply Covestro with up to 100,000 metric tons of green...
Korean conglomerate SK Group [034730:KS] will announce its vision to reduce 1% of global carbon emissions at the Consumer Electronics Show 2022 (CES 2022), as reported by the Korea Herald on December 29. According to Andrew Kwon, Vice President and Head of Strategy at SK...
Woodside Petroleum [WPL:AU], Australia’s major petroleum exploration and production company, plans to build a new hydrogen and ammonia-producing plant near Perth with a production capacity of up to 1,500 tons a day, as reported by Nikkei Asia on December 11. Citing Woodside CEO Meg O'Neill,...
Japan’s Kawasaki Heavy Industries [7012:JP] announced on December 9 that it aims to reach carbon neutrality in 2030 in its domestic factories and offices, where it will use green electricity generated by a 100-megawatt (MW) hydrogen-fueled power plant it plans to construct, as reported by...
Geneva-based commodity trading and logistics company Trafigura plans to construct a hydrogen plant worth AUD750m (USD540m) within its Port Pirie lead smelter in South Australia, as reported by Reuters on December 9. The Australian state government and Trafigura jointly funded the scheme with AUD5m (USD3.57m)...
Woodside Petroleum [WPL:AU], Australia’s major petroleum exploration and production company, announced an investment worth USD5bn in clean energy by 2030, as reported by Bloomberg on December 8. On the same day, the enterprise announced a trial project of concentrated solar power in California, together with...
Indian engineering conglomerate Larsen & Toubro [LT:IN] announced a partnership with Goldman Sachs-backed [GS:US] ReNew Power [RNW:US], India’s largest renewable energy producer by installed capacity, as reported by Reuters on December 2. Under the partnership agreement, the two sides will jointly develop, own, execute, and...
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