Brazil and the United Kingdom have officially launched the Brazil-UK Hydrogen Hub on December 3, 2023. The collaboration, represented by the Ministry of Mines and Energy (MME) for Brazil and the Department of Energy Security and Net Zero (DESNZ) for the UK, aims to strengthen international cooperation for hydrogen production as a crucial element in the global transition to a net-zero future.
Green methanol project in southern Spain has captured the attention of investors, with an anticipated investment of up to EUR 1 billion ($1.1 billion). The brainchild of Cepsa and C2X, the project aims to establish a cutting-edge green methanol plant capable of annually producing 300,000 metric tonnes of this eco-friendly fuel.
Symbio, a joint venture between Forvia, Michelin, and Stellantis, has officially inaugurated SymphonHy, Europe’s largest integrated fuel cell production site.
Sadhana Nitro Chem Ltd, a key player in the realm of intermediate specialty chemicals, has greenlit a rights issue of up to INR 49.95 crore (approximately $6 million).
Brazil is poised to revolutionize its energy landscape and economic prospects through the burgeoning green hydrogen market, with the potential to generate a staggering R$150 billion per year by 2050.
United Arab Emirates (UAE) has taken center stage at the COP28 climate summit, grappling with a significant hurdle: the affordability of hydrogen. At a high-level roundtable, the UAE’s Minister of Energy and Infrastructure, Suhail Mohamed Al Mazrouei, addressed the challenges and strategic initiatives associated with making hydrogen, particularly green hydrogen, economically viable.
