Fortescue Metals Group (FMG) plans to cut 700 jobs and shift its focus from green hydrogen to green electricity.
Browsing: Green Hydrogen
Germany has taken a significant step to strengthen Europe’s hydrogen economy.
The European Commission has endorsed Italy’s €400 million initiative to foster industrial decarbonization, specifically focusing on hydrogen and its derivatives.
Economics Minister Robert Habeck has unveiled a comprehensive plan to invest billions in hydrogen technology in a major move to steer Germany toward a more sustainable future.
Abu Dhabi National Oil Company (ADNOC) has signed a general agreement with the Japan Bank for International Cooperation (JBIC) to establish a $3 billion (AED 11 billion) green financing facility.
CWP Global, a leading renewable energy developer, has embarked on a project to explore the feasibility of creating a green hydrogen hub.
Fortescue Future Industries (FFI), the green energy subsidiary of Australia’s Fortescue Metals Group, has recently signed a Memorandum of Understanding (MoU) with the Malaysian government.
Germany is stepping up its green energy game with a substantial €200 million investment awarded to a UAE-linked firm, Fertiglobe, which was acquired by ADNOC in 2023.
The patent, which was filed recently, underscores the role of innovative technologies in optimizing hydrogen production and integration in the renewable energy sector.
This target is a broader European initiative to combat climate change and move towards a carbon-neutral economy by 2050. Adopting green hydrogen is crucial for decarbonizing various sectors, including transportation, industry, and heating.
