In New York, Polaris Market Research reported that the global renewable methanol market size will be valued at $48.8 billion by 2032, up from $660 million last year. The research firm said that the market is forecast to expand at a compound annual growth rate (CAGR) of approximately 53.8% between 2023 and 2032. “The rising […]
In the UK, INEOS Nitriles announced the launch of its first bio-attributed product line for Acrylonitrile. The new product is to be sold under the Invireo brand. Manufactured at INEOS Nitriles’ site in Cologne Germany, Invireo is made using bio-attributed propylene, which enables the replacement of fossil fuel resources, the firm said INEOS Nitriles’ certification […]
In Washington, researchers of the Department of Energy’s Pacific Northwest National Laboratory (PNNL) and Washington State University are exploring ways to transform the wood’s stored carbon into aviation biofuels and other valuable products more easily and cost-effectively. “While it can take a century for some types of wood to fully decompose, researchers at the Department […]
In Canada, The Canadian Government announced up to $64.3 million in federal investments, subject to final negotiations, to convert the oil refinery in Come By Chance, Newfoundland and Labrador, into a world-class renewable diesel facility that will create hundreds of jobs and help power the province’s low-carbon future. The federal support will enable Braya Renewable […]
In Japan, The Japan Times reported that the Japanese government decided on a plan to generate public- and private-sector investment in the supply of hydrogen worth $107 billion over the next 15 years. Under the revised Basic Hydrogen Strategy, approved at a meeting between relevant ministers, the Japanese government also plans to increase its hydrogen […]
In California, Equatic said it has entered into a pre-purchase option agreement with Boeing, under which the former will remove 62,000 metric tons of carbon dioxide and will deliver 2,100 metric tons of carbon-negative hydrogen to Boeing. “The aviation industry has an important role to play in global decarbonization efforts. Reaching aviation’s sustainability goals will […]
In China, Global Times reported that companies from China and Australia are stepping up exchanges in green hydrogen after the two countries resumed high-level economic dialogue in May. Chinese experts said that hydrogen has huge growth potential and success can be expected from a partnership between China and Australia, according to the report. Li Chunlin, […]
In India, Construction World reported that Bharat Petroleum Corporation (BPCL) plans to help establish a 1 megawatt electrolyzer manufacturing facility in the country by 2025 using the Bhabha Atomic Research Centre’s (BARC) technology for green hydrogen. BPCL’s research and development department is working with BARC to scale up alkaline electrolyzer technology for green hydrogen production. […]
In the United Arab Emirates, Zawya reported that Hydrogen Oman SPC (Hydrom), an Energy Development Oman SAOC subsidiary, has signed three agreements to grant the first green hydrogen blocks with investments of over $20 billion,. The report stated that the agreements are forecast to yield a total production capacity of 500,000 tons of green hydrogen […]
In Australia, Energy Magazine reported that the Tasmanian Government has welcomed a proposal to redevelop the decommissioned Bell Bay Power Station into a $800 million green methanol and hydrogen plant. The State Government said the partnership between ABEL Energy and Iberdrola, under the banner of Bell Bay Powerfuels, is a step towards the government’s plan […]
