Production of the new generation of fuel cells will soon start in Europe, Brussels to be precise. The choice for Europe is partly due to the growing demand for hydrogen-electric vehicles in this part of the world.
Every year, the MOL Group produces and uses over 150,000 tonnes of hydrogen. The company contributes to the program by delivering green alternative fuels, based on its commercial and technological capabilities.
The new plant will power with clean fuel a direct steel reduction furnace with a capacity to produce around 2 million tonnes per year of pure green steel, with a 95% reduction in CO2 emissions.
A feasibility study for the Central Queensland Hydrogen Project is being carried out by a consortium led by Stanwell Corporation, which includes Japanese companies Iwatani Corporation, Kawasaki Heavy Industries, Kansai Electric Power, and Marubeni Corporation, as well as the Australian group APT Management Services (APA) (CQH2).
Green hydrogen, created by splitting water molecules with renewable power, is being pushed for investment by the European Union and numerous worldwide firms in the hopes of replacing polluting fuel in heavy industries.
Steel companies are being pushed to achieve net-zero emissions by 2050 as a result of government and corporate net-zero commitments. Efforts to decarbonize steel production are at the heart of China’s, Japan’s, Korea’s, and the European Union’s net-zero goals.
As EAG pursues its plans for H2ERA, a zero-emission regional aircraft powered by hybrid hydrogen-electric technology, the cooperation with Atkins, a member of the SNC-Lavalin Group, will speed the development of innovative, sustainable aviation technologies.
