Author: Arnes Biogradlija

India, the world’s third-largest energy user, seeks to lower its carbon intensity by 45 percent and carbon emissions by 1 billion tonnes by 2030, compared to 2005 levels. It also plans to produce approximately 1 million tonnes of green hydrogen per year. The country has made some encouraging strides, with both public and private sector companies announcing significant investments in green hydrogen production. However, there is an air of reluctance on the ground, particularly in difficult-to-decarbonize domestic industries such as steel. The majority of Indian steelmakers have yet to commit to a transition to environmentally friendly hydrogen-based technologies. The primary…

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PAO NOVATEK and Uniper agreed on a long-term supply of up to 1.2 million tons of low-carbon ammonia per year to the predominantly German market. Indexation of the product’s price to key European and global benchmarks. The Term Sheet details the terms of NOVATEK’s supply of low-carbon ammonia to Uniper. The ammonia will be produced at the Company’s planned Obskiy GCC (Gas Chemical Complex), which will include carbon capture and storage (CCS) facilities, and delivered to Uniper’s planned ammonia import terminal in Wilhelmshaven, which will be equipped with a renewable-energy-powered ammonia cracker. The imported low-carbon ammonia will be used as…

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Hyundai Engineering will complete a technological demonstration test to manufacture high-purity clean hydrogen utilizing waste plastics as a raw material by the end of this year and will begin construction on a hydrogen production facility the following year. The facility will be built in Dangjin, Chungcheongnam-do, at a total cost of 400 billion won.

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The government has decided to consider adding hydrogen to the current national strategic technology limited to semiconductors, batteries, and vaccines. If it is selected as a national strategic technology, the tax deduction rate for R&D and facility investment will increase significantly. The tax credit rate for facility investment rises to 6-16% depending on the size of the company, and the tax credit rate for R&D expenses rises to 30-50%. The plan to include hydrogen technology as a national strategic technology was not included in this year’s tax law revision. However, the government decided to review the designation of national strategic…

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First Hydrogen Corp. signed an agreement with FEV Consulting GmbH (“FEV”). The two companies will jointly design and build the prototype for a customized hydrogen fueling station for the hydrogen mobility market. First Hydrogen is working with FEV, an Aachen, Germany-based company, to design and build a prototype liquid hydrogen fueling station that will better serve customers over the lifetime of their First Hydrogen vehicles, serving the hydrogen mobility market as a whole. First Hydrogen sees the development of the hydrogen fueling station as an asset to its automotive strategy and an additional opportunity to sell hydrogen-related technology to its…

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