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The Saudi Arabian Oil Company (“Aramco”) opened the Aramco Research Center at KAUST (ARC KAUST), which intends to speed the development of low-carbon solutions for the energy market via the use of sophisticated analytics. This comes after Saudi Aramco pledged to reach net-zero emissions by 2050, a decade sooner than a government timetable for the […]
Gazprom, a Russian energy company, said today that it had cut off gas supplies to Bulgaria and Poland for failing to pay in roubles, the Kremlin’s harshest reprisal yet to international sanctions over the Ukraine crisis. Russian President Vladimir Putin has requested that “unfriendly” countries pay for gas in roubles or face being shut off, […]
Energy costs have risen faster than projected, and certain supply chain disruptions caused by the pandemic were expected to last until 2022. The Russian invasion of Ukraine in February shook Middle Eastern and North African stock markets and oil sectors. All these factors pose a particular problem for largely import-dependent countries like the Gulf states […]
The Swedish based company H2 Green Steel (H2GS) has raised $105 million initial funding to accelerate the transition into fossil-free steel making . The steel company targets large European OEM’s and also will be one of the large scale steel producer based on a fossil-free manufacturing. H2GS has developed a close collaboration between the investor […]
The European solar developer Lightsource bp to develop solar hub in North South Wales, Australia, with a capacity of 400MWdc. The solar farm which is to be developed is adjacent to Lighthouse bp’s 200MWdc Wellington solar farm which is currently under construction. The combined solar hub will have a capacity of 600MVdc, Once operational. The […]
The Indonesian multi-service platform and digital payment technology Gojek pledges to achieve Zero Waste, Zero Emissions and Zero Barriers by 2030 in its First Annual Sustainability Report. This move is to create positive impact on long term value for people and planet which is a part of its sustainability mission. The company’s approach will be […]
The independent agency of the U.S. federal government, National Aeronautics and Space Administration ( NASA ) has chosen SpaceX an American aerospace manufacturer and space transportation services company to land NASA astronauts in moon for $2.89 billion. The agency’s powerful Space Launch System rocket will launch four astronauts aboard the Orion spacecraft for their multi-day […]
The Swedish multinational manufacturing company Volvo and the Swedish steel manufacturer SSAB has joined together to build first fossil-free steel trucks. The collaboration will formalise the agreement on research, serial production, commercialisation and development of vehicles. Volvo will start manufacturing the first concept vehicles and machines with steel from SSAB using hydrogen already in 2021. […]
South Korea’s largest energy and chemical company SK Innovation’s electric vehicle (EV) battery recycling technology has been recognised by Argonne National Laboratory which is a U.S based research centre. The company’s battery recycling technology has been recognised for its superiority in reducing greenhouse gas emissions. The research centre, Argonne National Laboratory, which comes under the […]
The German automaker Volkswagen plans to build electric vehicle battery plants in Europe to expand its infrastructure and speed up mass adoption of battery-powered cars. Volkswagen said that it plans to build six battery cell factories by 2030 in Europe with production capacity of 240 gigawatt hours per hour. A spokesperson said that’s enough to […]
The German aircraft manufacturer Volocopter is all set to launch its first flying electric taxi service in Singapore within the next three years. The taxis developed by volocopter are electrically powered that take-off, land vertically and is also emission-free; it can accommodate up to two passengers and fly directly to the destination. The company had […]
Australian and Japanese company Transborders Energy has signed a MOUS with research, oil and gas industry to develop Australian offshore CO2 capture and storage hub project. It’s a joint partnership between the leaders in oil and gas sector and researchers to co-develop the project – the deepC Store project. In one of five priority technologies, […]
