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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. OMV’s plan foresees emission reduction targets of 30% in operations (Scope 1 & 2) and a 20% reduction target in the product portfolio (Scope 3) for 2030.

Oil 465
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Alstom reports successful 1.5y trial operation of Coradia iLint fuel cell trains, next project phase begins

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—Jörg Nikutta, Managing Director for Germany and Austria of Alstom Transport Deutschland GmbH. The project is of a great importance to industrial policy that goes far beyond Germany. Here, we are witnessing the first competitive product of hydrogen mobility at industrial level. Alstom has made hydrogen history here.

Fuel 501
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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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TECO 2030 ( earlier post ) is aiming to establish Norway’s first large-scale production of fuel cells, optimized to be the heart of hydrogen-powered ships and other heavy-duty installations. This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. gigawatt, per year.

Norway 468
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BMW Group creates closed-loop material cycle for tungsten production tools

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The BMW Group has created a closed-loop material cycle for tungsten used in drill and milling bits for industrial machinery used in producing cars; the company is collecting old drill and milling bits at its plants in Germany and Austria for recycling. About half of this comes from the BMW Group plant in Steyr, Austria.

BMW 284
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Fisker and Foxconn confirm Fisker PEAR production in Ohio; expected base price below $29,900

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Fisker confirmed that it will produce its second vehicle, the Fisker PEAR (Personal Electric Automotive Revolution) ( earlier post ), at the factory Foxconn (Hon Hai Precision Industry Co. The Fisker PEAR will enter production in 2024. recently acquired in Ohio from Lordstown Motors ( earlier post ).

Fisker 259
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3-year, $75.7M eRamp power electronics research project launches at Infineon

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eRamp research activities will focus on the rapid introduction of new production technologies and further exploration of chip packaging technologies for power semiconductors. The German project partners will investigate and develop new methods for speeding up the start of the production run. Manufacturing Power Electronics'

Austria 265
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Evonik and SECAR form JV for lightweight composite materials for the automotive and aviation industries

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Germany-based Evonik Industries and Austria-based SECAR Technologie GmbH have established a joint venture, LiteCon Advanced Composite Products, to mass-produce fiber-reinforced composite components for the automotive and aviation industries.

Industry 199