Armed with substantially lighter balance sheet after repaying Rs 2 lakh crore debt, Essar is embarking on the next phase of growth by investing in hydrogen projects Armed with substantially lighter balance sheet after repaying Rs 2 lakh crore debt, Essar is embarking on the next phase of growth by investing in hydrogen projects, building […]
India planning carbon credit market for energy, steel, and cement – EQ Mag Pro
The platform is likely to be announced by Prime Minister Narendra Modi at Independence Day celebrations on August 15, according to people with the knowledge of the plan. India is planning to start a carbon trading market for major emitters in the energy, steel and cement industries, as part of its efforts to hasten the […]
ArcelorMittal to Invest Rs 1 Lakh Crore in Gujarat: Steel, Renewable Energy in Focus – EQ Mag Pro
According to the release, Mittal is willing to invest another Rs 50,000 crore in solar energy, wind energy and hydrogen gas production in Gujarat. New Delhi : The world’s leading steel and mining conglomerate ArcelorMittal would invest Rs 1,00,000 crore in different projects in Gujarat, including its steel plant at Hazira near Surat, a Gujarat […]
German steel giant Thyssenkrupp plans 500MW green hydrogen plant
German industrial engineering and steel production giant Thyssenkrupp will work with German energy company Steag are planning a 500MW hydrogen electrolysis plant intended to power steel production. The HydrOxy Hub Walsum project is expected to be connected to the grid and producing green, renewable-powered hydrogen by as soon as 2025. Set to be built in […]
New €2.5B Green Hydrogen Steel Venture Unveiled
The funding will develop a new low-carbon steel manufacturer in Sweden, creating 10,000 jobs. A new “green steel” venture in Sweden has been launched with bold plans to start production as early as 2024. The H2 Green Steel initiative will then scale up to 5 million tons per year of green steel production. It would […]