Abu Dhabi National Oil Co. (Adnoc) and Mitsubishi Heavy Industries, Ltd. (MHI) have officially entered a strategic collaboration agreement. This partnership sets the stage for advancing carbon-neutral solutions and fostering the development of low carbon energy supply chains within the energy sector.
China’s State Power Investment Corp (SPIC) has unveiled a groundbreaking investment plan of 42 billion yuan ($5.85 billion) in northeast China. The investment is earmarked for the production of fuel derived from hydrogen generated through wind power, marking a significant leap in the country’s renewable energy landscape.
In a setback for the global green hydrogen landscape, the world’s largest green hydrogen project, Sinopec’s 260MW Kuqa facility in Xinjiang, northwest China, is reportedly operating at less than a third of its installed capacity. This revelation comes as research from BloombergNEF (BNEF) sheds light on various issues, including missing safety features and lower-than-promised efficiencies.
Hyundai Motor Company has entered into a memorandum of understanding (MOU) with key stakeholders, including the Ministry of Environment, Korea Water Resources Corporation, Global Green Growth Institute (GGGI), and SK E&S.
In a dynamic shift towards sustainable energy, oil and gas majors have emerged as significant players in the low-carbon hydrogen market, commanding an 8% share globally. This paradigmatic transition reflects a strategic response to the escalating demand for cleaner energy alternatives. Let’s delve into the goals, technology, potential impact, and challenges surrounding this transformative trend.
Indonesia is set to embark on its most ambitious green hydrogen project yet, a venture valued at over $1 billion, propelled by the collaboration between Saudi Arabia’s energy giant ACWA Power, Indonesian utilities company PT Perusahaan Listrik Negara (PLN), and chemicals entity PT Pupuk Indonesia.
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).
Masdar has solidified its collaboration with Indonesia’s state-owned utility company, PLN. The partnership aims to propel the development of Southeast Asia’s largest floating solar power plant and venture into the promising realm of green hydrogen production.
SK E&S made waves at COP28 by signing a global memorandum of understanding for the construction of Korea’s largest low-carbon hydrogen plant.
Samsung C&T’s Construction Division is set to construct Korea’s inaugural green hydrogen production facility. This innovative project marks a significant stride in the nation’s commitment to clean energy, utilizing cutting-edge technology and harnessing the power of off-grid solar energy.
