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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). Hydrogen and recycling are likely to play a central role in reducing emissions from steel production. Source: BloombergNEF.

Hydrogen 221
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Petrobras sings agreements with Sinopec and Sinochem

Green Car Congress

Petrobras signed agreements with Chinese companies Sinopec (China Petrochemical Corporation) and Sinochem (Sinochem Corporation). President Gabrielli highlighted the importance of Chinese companies establishing themselves in Brazil.

Brazil 186
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Ballard signs non-binding MOU with Azure Hydrogen for fuel cell bus development in China

Green Car Congress

Ballard Power Systems has signed a non-binding Memorandum of Understanding (MOU) with its partner Azure Hydrogen Corporation of Beijing, China, extending the scope of their collaboration to include fuel cell buses. Earlier post.).

China 210
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Accelerating green wheels: BYD’s EV lease deal with Arval will electrify Europe’s roads

Baua Electric

The Chinese EV automaker is quickly becoming a globally recognized name, recently garnering some serious clout after usurping long-time leader Tesla as the global EV leader by volume. In Europe, BYD has commissioned its own cargo ships to transport its EVs over from China until its incoming production facility in Turkey is erected.

BYD 52
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Wärtsilä enters into licence agreement with CSSC Guangzhou Marine Diesel Engine Co. Ltd for manufacture of Wärtsilä 2-stroke engines in China

Green Car Congress

Wärtsilä Corporation and CSSC Guangzhou Marine Diesel Co. Ltd (GMD), a member of the state-owned China State Shipbuilding Corporation (CSSC) Group, have signed a licence agreement for the manufacture and sale of Wärtsilä 2-stroke engines in China. Wärtsilä expects the first engines to be produced at the end of this year.

Mariner 186
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Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

Green Car Congress

According to figures released by the China Association of Automobile Manufacturers (CAAM), in the first eleven months of 2012 Chinese self-developed brands exported 470,000 passenger vehicles in total—with automotive manufacturers on average showing a 30% sales increase over 2011 figures.

2012 225
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New GM Subsidiaries Will Include Delphi Components Operations and Global Steering Business

Green Car Congress

Delphi Powertrain, Rochester, NY – engine management systems and related products. valve train products. automotive electronics and related products. In the US, this business will operate as Steering Solutions Services Corporation, a subsidiary of GM Global Steering Holdings LLC. Fiat Automobiles SpA, Hyundai Motor Co.

GM 150