Global platinum stockpiles are unlikely to be sufficient to fulfill demand. The predicted deficit in 2021 has been boosted by events in the third quarter, including “V-shaped recoveries in the automobile sectors, pandemic-related concerns increasing demand for investments in precious metals, and substantially decreased supplies.”
To decarbonize the utility, transportation, and industrial sectors, the partners will identify, develop, and deploy projects that combine Mitsubishi Power’s power generation and hydrogen technology with DT Midstream’s energy infrastructure development and operating capabilities.
Forrest, whose iron ore business Fortescue Metals Group (FMG) is aiming to be carbon-neutral by 2030, is a big proponent of green hydrogen, a zero-carbon fuel produced by electrolysis with renewable energy to split water into hydrogen and oxygen.
With the award, CP will be able to expand the project’s hydrogen locomotive conversions from one to three, as well as add hydrogen production and fuelling facilities.
In a joint statement, the Chief Technology Officers (CTOs) of seven of the world’s largest aircraft manufacturers reaffirmed their commitment to creating more sustainable aviation and meeting industry-wide Air Transport Action Group targets.
