The 61-million-dollar PEM electrolyzer plant will be constructed in Spain by Cummins and its partner Iberdrola along with the support from the Spanish Government. The plant will be used to produce green hydrogen and is expected to be complete by 2023.

LG Chem has plans to invest the hefty amount in new growth engines such as eco-friendly sustainable business, battery materials for e-mobility and global innovative new drugs by 2025. The move comes in the background of the rising demand for electric vehicles and the intention of the firm to maximize the growth potential of its existing businesses.

BASF and RWE have signed a letter of intent which focuses on a climate-neutral chemical industry and CO2-free hydrogen. Together, they have come up with a project idea which includes the construction of an offshore wind farm with a capacity of 2 GW to produce green electricity and supply it to BASF’s Ludwigshafen chemical site in Germany for hydrogen production.

Siemens Energy, along with DEWA and Expo 2020 Dubai, has unveiled the first industrial scale, green hydrogen facility in the Middle East and North Africa. Established at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the pilot plant will produce around 20.5kg/hr of hydrogen at 1.25MWe of peak power.

UPM-Kymmene’s biorefinery in Germany is claimed to be the first industrial-scale facility of its type to sustainably convert 100 % wood into bio-based mono-ethylene glycol, mono-propylene glycol and renewable functional fillers.

In nature, there are microorganisms that produce hydrogen. To do this, they use special enzymes called hydrogenases. An international team of researchers has now studied this process in more detail. The findings are a foundation for the energy-efficient production of hydrogen as a sustainable energy carrier.

Under an agreement signed between BASF and Vattenfall, BASF will purchase 49.5 % of Vattenfall’s wind farm Hollands Kust Zuid in the Netherlands. Claimed to be the world’s largest offshore wind farm once commissioned, the project is also the first offshore wind farm to be built without subsidies for the power produced.

Solvay and Veolia had collaborated for the purpose of setting up a circular economy for EV battery metals in Europe. With Groupe Renault joining the consortium recently, the partners now have plans to develop the demo unit.

MOL and Tatneft have plans to build a rubber bitumen plant in Tatarstan, Russia. The Hungarian Ministry of Foreign Affairs and Trade will be partly financing this project. The new facility is expected to have a production capacity of about 20,000 tpa.

With an aim to strengthen their collaboration on offshore wind and renewable hydrogen in Korea, Ørsted and Posco have signed a MOU. Under the terms of the agreement, Posco will help Ørsted to establish 1.6 GW offshore wind projects off the coast of Incheon City in Korea. Both the companies will also conduct feasibility studies on potential collaboration on renewable hydrogen.