Under the three agreements signed between BP, Adnoc and Masdar, the companies jointly aim to develop low carbon hydrogen hubs and decarbonized air corridors between the UK and UAE. BP and Adnoc also have plans to continue decarbonizing existing oil and gas operations by using methane detection, CCUS and pioneering digital technologies.

Scientists have validated Ørsted’s targets for reaching net-zero emissions across its full value chain by 2040 which are consistent with limiting the global temperature rise to 1.5 °C above pre-industrial levels. Ørsted is the first and only energy company in the world to receive this new net-zero validation by the Science Based Targets initiative carried out by scientists.

Exxon Mobil has called for engineering, procurement and construction contract bids with an aim to capture up to 1 million metric tons of CO2 annually at its LaBarge, Wyoming facility in the USA. The proposed 400-million-dollar expansion project is expected to commence operations by 2025.

BASF and Karlsruhe Institute of Technology (KIT) have collaborated under a public-funded research project to design a formulation and coating model for multilayered battery coatings as multilayered battery anodes exhibit higher energy density and significantly improve production efficiency.

The ‘marinized’ electrolyzer project will be developed at Grimsby in the UK for renewable hydrogen production. The Oyster Project is funded by the Fuel Cells and Hydrogen Joint Undertaking, a public private partnership of the European Commission and will develop and test an electrolyzer system designed to be integrated with offshore wind turbines.

CPhI has highlighted that continuous processing, PAT (Process Analytical Technology), and PAC (Process Analytical Chemistry) are now being combined in the pharma industry order to produce better-quality products at a lower cost. This new manufacturing strategy has gained speed owing to government’s efforts to ‘reshore’ manufacturing. CPhI’s recent annual report has also predicted that China and the USA will lead the pharma market in innovations by 2030 in the backdrop of mass personalized therapeutics, cobots, AI, and automation delivering process improvements.

With an estimated project cost of 950 million dollars, Renewable Energy Group has plans to upgrade its existing Geismar renewable diesel project in Louisiana, USA as well as expand the project in order to produce 340 million gallons of renewable diesel per year.

Wood’s scope of work for Humber Zero, one of the leading industrial decarbonization projects in the UK includes the development and integration of designs across the FEED packages including interface management, safety studies, licensor selection and scoping of future services.

Chevron has plans to invest more than 10 billion dollars by 2028 to achieve its 2030 growth targets for new energy businesses such as renewable fuels, hydrogen, and carbon capture. This includes 2 billion dollars to lower the company’s carbon intensity operations.

Dow’s net-zero carbon emissions ethylene and derivatives complex is expected to more than triple the company’s ethylene and polyethylene capacity from its Fort Saskatchewan, Alberta site in Canada. The site's existing assets will be retrofitted to meet the requirements of net-zero carbon emissions (Scope 1 and 2). The project is expected to decarbonize ~20 % of the firm’s global ethylene capacity while growing polyethylene supply by ~15 %.