Located in Iceland, Climeworks’ direct air capture and storage plant – mammoth is claimed to be the world’s largest direct air capture plant. With a nameplate capture capacity of up to 36,000 tons of CO₂ per year, the plant is modular is design.

Akzonobel has recently announced that all of its manufacturing locations in Latin America are now operating on 100 % renewable electricity. The move is in line with the company’s ambitions of slashing carbon emissions across its full value chain by 50 % by 2030.

Yara Growth Ventures has successfully invested in Dynelectro, a firm that develops electrolysis technologies for low-cost renewable hydrogen. The move is in line with Yara’s goal of decarbonizing its fertilizer production and enabling the hydrogen economy.

Under the terms of the contract, Vattenfall has begun supplying Borealis’ operations in Stenungsund with a total of 175 GWh of renewable energy per year from its hydropower plants in Sweden.

MOL Group has updated its long-term strategy and now aims to achieve carbon neutrality by 2050 via a smart transition. The updated strategy focuses on renewable fuels, green hydrogen, biomethane and geothermal energy and the firm will spend more than 4 billion dollars on green investments.

Bloom Energy has partnered with Shell to explore opportunities for innovative large-scale, renewable hydrogen energy projects. The parties aim at developing replicable, large-scale, solid oxide electrolyzer systems for hydrogen production.

Arkema has entered into long-term renewable energy contracts with Tennessee Valley Authority, Entergy and 3Degrees. With this move, the company is expected to obtain approximately 40 % of the power needed to run its operations in the United States from renewable sources.

It is a mammoth undertaking: Most nations want to become climate-neutral by 2050 – and with them the companies in the chemical industry. Because on the one hand it produces energy-intensively, and on the other it cannot do without carbon, the chemical industry is having a particularly hard time decarbonizing. But this only spurs the industry's researchers and engineers on even more.

Bunge and Chevron’s joint venture Bunge Chevron Ag Renewables has received the final investment decision approval to build a new oilseed processing plant in Louisiana, USA. The plant will process soybeans as well as softseeds.

Cepsa and Evos will work together to store green methanol produced by Cepsa at Evos’ storage facilities in Algeciras, Spain and Rotterdam, the Netherlands. In addition to this, green ammonia will also be stored in Algeciras, Spain.