The European industry is hopeful that the recently launched ‘Fit for 55 Package’, an extensive legislative package that revises all EU climate and energy legislation, will enable the region to become an attractive destination for investments into climate-neutral and circular technologies. With this move, Europe aims to lead the global race to climate neutrality by 2050.

Equinor and SSE Thermal have plans to develop a world-leading hydrogen storage facility in Yorkshire, UK. The collaboration is claimed to be UK’s first end-to-end low-carbon hydrogen proposal connecting production, storage and demand projects in the North of England.

Eastman has partnered with Hydrogenious LOHC to make the storage and transportation of hydrogen more secure, easier and affordable. The LOHC specialty product which ensures safe and easy logistics and storage of hydrogen is produced at Eastman's site in Marl, Germany.

Under a MOU signed between Shell and Uniper, both the companies will jointly work together to drive the development of a hydrogen economy in Germany, the Netherlands and other European countries.

Located at Shell’s Energy and Chemicals Park Rheinland, near Cologne in Germany, the mega project is part of the Refhyne European consortium which will utilize the PEM technology to produce green hydrogen.

There is currently a lot of interest in renewable and green chemistry, bio-based chemistry, CO2 Capture and Utilisation and chemical recycling. Refineries and verbund sites of large-scale chemicals are under considerable pressure; the biofuel industry is looking for new markets in chemistry and start-ups are looking for investors.

Hyflexfuel is an EU funded research project which has produced biocrude from various biomasses. The Aarhus University utilized the hydrothermal liquefaction (HTL) process at its pilot plant in Denmark to produce the biocrude.

Skovgaard Invest, Vestas and Topsoe have claimed to develop the world’s first dynamic green ammonia demonstration plant in Denmark. The project has received approximately 13 million dollars of funding from the Danish Energy Technology Development and Demonstration Program.

Bechtel has secured a FEED contract from Nacero for its 115,000 barrel per day plant in Penwell, Texas, near Odessa, USA. The facility is expected to be the first gasoline manufacturing unit in the world to utilize carbon capture, sequestration, and 100 % renewable power.

Readifuels-Iowa has selected Chevron Lummus Global and Applied Research Associates’ (ARA) Biofuels Isoconversion technology for its renewable diesel and sustainable aviation fuel (SAF) project in Iowa, USA. The new plant is expected to process used cooking oil and distiller's corn oil to manufacture 36 million gallons of renewable fuels every year.