Author: Arnes Biogradlija

hydrogen

Ørsted has announced a significant impairment of over $500 million, primarily due to delays in an offshore wind farm project in the US and the cancellation of a green hydrogen plant in Sweden. Ørsted’s Revolution Wind project, located off the coasts of Connecticut and Rhode Island, has encountered delays, contributing significantly to the financial setback. The company noted that the US wind farm delay is a major factor in the recorded impairment of 3.9 billion Danish kroner ($580 million) for the second quarter. These project delays have put additional strain on Ørsted’s financial health, complicating their ambitious offshore wind development plans.…

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hydrogen

The steel i +ndustry is a significant contributor to global carbon dioxide emissions, particularly in the Middle East and North Africa (MENA) region. In an era focused on mitigating climate change, there is a pressing need to explore sustainable alternatives. A promising solution lies in adopting green hydrogen, which can revolutionize the way steel is produced, significantly lowering the carbon footprint of this essential industry. The steel sector in the MENA region relies heavily on traditional methods of steel production, which involve the use of coal and natural gas. This leads to the release of considerable amounts of carbon dioxide,…

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