The global steel industry is responsible for approximately 11% of worldwide CO2 emissions. Within Canada, the steel industry contributes 2% to national emissions, equating to over 2.4 billion Canadian dollars to the GDP, while employing over 23,000 workers directly.
As Brazil accelerates its transition toward a hydrogen-based economy, China’s Envision Energy plans to develop a Net Zero industrial park in the country, anchored by the production of sustainable aviation fuel (SAF) and green ammonia.
China has launched its first commercially operated hydrogen-powered locomotive in the city of Liupanshui, Guizhou province—a strategic move aimed at decarbonizing short-haul coal transport while modernizing one of the country’s most carbon-intensive sectors.
With Australia hosting two of the world’s largest green hydrogen developments—together exceeding 96 GW of planned wind and solar capacity—Intercontinental Energy is betting that a new modular infrastructure model could help address the sector’s most persistent challenge: cost.
As Norway accelerates its green maritime ambitions, a new hydrogen production and distribution facility in Bodø has entered its next development phase with Indian engineering firm Cyient tapped for core technical responsibilities.
BASF has started production of renewable ammonia at its flagship Ludwigshafen Verbund site in Germany, reinforcing the chemical giant’s transition toward low-carbon manufacturing.
UK-based ITM Power has secured a major electrolyzer contract exceeding 300MW for a green hydrogen power plant in the Asia-Pacific region.
China’s ascension in green hydrogen development presents a compelling case of strategy and resource allocation uniquely leveraged by its government and corporate structures.
Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle battery manufacturer, has launched a secondary listing in Hong Kong aiming to raise up to HK$31 billion (approximately $4 billion), with the potential to exceed $5 billion if demand prompts underwriters to exercise an over-allotment option.
The European Union’s push to cement its global leadership in hydrogen technology has gained fresh momentum, as the Clean Hydrogen Partnership announced the allocation of €154.6 million in grants to 26 projects under its 2024 Call.
