Friday, 21 February 2025

Spotlight: Green Steel

FILE PHOTO: Norsk Hydro logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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Norway’s Hydro to phase out green hydrogen, battery businesses

Norsk Hydro is no longer investing in its battery and green hydrogen businesses and will phase out these operations in the coming years.

An aerial view shows Nippon Steel East Nippon Works Kimitsu Area in Kimitsu, east of Tokyo, Japan in this photo taken by Kyodo November 7, 2023. Kyodo/via REUTERS
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Japan PM Ishiba urges Biden to approve Nippon-US Steel deal, sources say

Japanese PM Ishiba urges Biden to approve Nippon Steel's acquisition of U.S. Steel, highlighting its benefits to U.S.-Japan ties.

Around a hundred employees gathered in front of the site near Reims to protest against the plans (AFP)
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Steelmaker ArcelorMittal to close two plants in France: unions

ArcelorMittal to shut two French plants by June, citing declining demand from industrial clients, affecting over 130 jobs.

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Advocates make economic case for green steel production at Dearborn, Michigan plant

A recent report suggests it's time to convert Cleveland-Cliffs' Dearborn Works to green hydrogen technology ahead of the 2027 blast furnace relining.

A view of the ThyssenKrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo
BusinessEconomyGreen SteelIndustryNewsTrade

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp takes one billion euros steel writedown, shares jump 10 per cent as analysts eye cash flow gains and a potential stake sale.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessGreen SteelIndustryInfrastructureManufacturingNewsPoliticsRegulationsTrade

Nippon Steel not to import from overseas mills in bid to save U.S. Steel deal

Nippon is looking to close its $14.9 billion deal for U.S. Steel by the end of the year before President-elect Trump enters the...

Governments are currently trying to iron out a new global finance climate agreement at Cop29 (Rafiq Maqbool/AP)
ChemicalsClimate FinanceGreen SteelHydrogenNewsPoliticsStorageTransmissionVoluntary Carbon Markets (VCMs)

Energy projects in developing countries to receive £79m in UK climate finance

The money comes under the UK’s existing pledge to spend £11.6 billion in climate finance over five years up to 2026.

FILE PHOTO: A labourer works inside a steel factory in the northern Indian city of Kanpur July 20, 2009. REUTERS/Pawan Kumar (INDIA BUSINESS)/File Photo
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Analysis: New green steel firms could reap rewards as EU carbon tariffs loom

New and strengthened rules in the EU against supply chain carbon emissions provide an opportunity for green steel producers.

FILE PHOTO: A United Steelworkers flag is seen in this file photo. REUTERS/Rebecca Cook/File Photp
BusinessGreen SteelIndustryInfrastructureLabourManufacturingOil

US Steelworkers union looks to clean energy to replace job losses at oil refineries

USW aims to grow membership with 17,000 new jobs from clean energy projects despite potential Trump challenges.

FILE PHOTO: A drone view of smoke from burning vegetation rising in a rainforest at the municipality of Bonfim, state of Roraima, Brazil February 28, 2024. REUTERS/Bruno Kelly/File Photo
AgricultureBiodiversityBusinessClimateCritical MineralsEnvironmentGreen SteelHydrogenIndigenousIndustryNews

Brazil launches platform to attract foreign investment for climate and ecological projects

Brazil launched a $10.8B platform at IMF meetings to fund green projects, targeting energy, industry, and nature solutions.

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