According to a statement from the Egyptian government, China Energy would invest $5.1 billion in a green hydrogen project in Egypt.
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The values required to promote various energy sources in Portugal by the end of this decade were published by the government. To reach renewable energy and hydrogen targets, investments must total at least 45 billion. Around €60 billion, or 25% of the Portuguese GDP, according to Ministry of Environment and Climate Action financial records (MAAC).
GS Caltex Corp., a South Korean oil refiner jointly owned by Chevron and GS Group, announced a partnership with Korea South-East Power Co., Ltd. (KOEN) to establish a clean hydrogen value chain.
Frans Timmermans, the executive vice president of the EU, and Kadri Simson, the commissioner for energy, have spoken with Saudi government representatives about expanding their partnership in the creation of clean hydrogen.
The “hydrogen power bidding market system,” a crucial component of the Yoon Seok-Yeol government’s hydrogen economy program introduced last year, has sparked a lot of interest from the business community.
The government of Ceará and the industrial automation giant ABB have signed a memorandum of understanding for the establishment of a center for the generation of green hydrogen in the state.
A draft Memorandum of Understanding (MoU) between the National Energy Administration of China and the Saudi Ministry of Energy in the area of clean hydrogen energy was authorized by the Shoura Council. This came after the council’s Energy and Industry Committee had presented a report on the subject.
In addition to opening applications for $1.5 billion in concessions for large-scale green hydrogen generators, the New South Wales (NSW) government has allocated $64 million to help finance green hydrogen hub projects in the Illawarra on the state’s south coast and close to Moree in the state’s west.
A landmark piece of legislation containing $369 billion in investment to combat climate change was approved by the White House in August. An important tax credit in that historic law was one for producing hydrogen in environmentally friendly ways.
The Netherlands’ transition to a hydrogen economy is expected to be accelerated by the establishment of the electrolyzer industrial sector.
