US-based Air Products is going big on blue hydrogen: US-based gas supplier Air Products is planning to build a CO2 storage and treatment plant at its existing hydrogen facility in Rotterdam as part of efforts to develop the EU’s largest blue hydrogen production unit, according to a statement. The planned carbon capture plant — which is expected to come online in 2026 — would also serve Exxon Mobil’s Rotterdam refinery and other clients in Air Products’ hydrogen pipeline network system, the statement notes. Air Products — which owns a 33.3% stake in Neom’s USD 8.4 bn green hydrogen plant — also plans to export the green fuels it produces from its KSA plant to the EU through an exclusive long-term offtake agreement with Acwa Power and Neom.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Sembcorp to halve emissions by 2028: Singaporian energy company Sembcorp will invest USD 7.7 bn — about 75% of its total investments from 2024-2028 — to halve its carbon emissions by 2028. (Reuters)
  • (xxMS) The UK’s pension funds are mulling increased climate investments: British pension funds are looking to pour in as much as USD 1.5 tn — half the financing needed by 2035 to transition the UK to its net-zero pathway by 2050 — demonstrating an increase from the GBP 300 bn they are on course to invest by 2035. (Reuters)
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