The environment

The companies will use their combined experience to work on CCUS development and hydrogen production in an effort to accelerate global decarbonisation.

GCMD was set up to help drive decarbonisation of the maritime industry and bp is pleased to be working with the organisation to help further this aim.

Together with Siheung City and Siheung Urban Corp., LG Chem has signed an MoU for the construction of a waste plastic recycling system.

Around 110 000 tpy of fossil-based ingredients will be substituted with renewable carbon sources using BASF’s certified biomass balance approach. The measure will ramp up quickly and avoid around 200 000 t of CO2 emissions in total.

The EU Fund announced a grant decision of €88 million to Neste’s clean hydrogen project in Porvoo, Finland.

The Government of Alberta has announced that Enbridge has been awarded the right to pursue the development of a CO2 sequestration hub west of Edmonton, Alberta, Canada.

TotalEnergies and Sempra are expanding their North American strategic alliance for the development of LNG exports and renewables.

Eastman has entered into an exclusive negotiation with Port-Jérôme-sur-Seine as the preferred location of a molecular recycling facility that it plans to build in France.

The companies have entered into a strategic collaboration agreement to further develop CCUS technology, in a bid to reduce emissions from industry and energy solutions.

BASF Venture Capital has announced a strategic investment in Oceanworks – a sustainable plastic solutions provider that brings traceability and transparency through the digitalisation of recycled plastics.

Xebec, a global provider of sustainable gas technologies, has announced its three-year strategic plan to develop more environmentally-friendly gases for energy, mobility and industry.

Neste is conducting a feasibility study to examine investing in capacity for processing liquefied waste plastic at its refinery in Porvoo, Finland, where the company are working on commercialising the chemical recycling of waste plastic.

Groupe ADP, GMR Airports, Airbus, Axens and Safran have signed a MoU to conduct a joint study on Sustainable Aviation Fuels (SAF) and their potential in India.

Vitol has entered into a strategic partnership with Danish company WPU, which recycles waste plastic into plastic oils.

The 3D industrial pilot project to demonstrate an innovative process for capturing CO2 from industrial activities is now running at ArcelorMittal’s Dunkirk site in France.