Latest news with #ARENA
West Australian
9 hours ago
- Business
- West Australian
Mining giant looks to limit emissions by electrifying refining process
A South West mining giant is looking to limit emissions by electrifying its heavily polluting refining process with help from a $4.4 million grant. South 32 received funding from the Australian Renewable Energy Agency in order to support the development of steam electrification pathways at the Worsley Alumina Refinery in the South West. The alumina refining industry is the country's biggest user of industrial process heat, collectively responsible for about 15 million metric tonnes of CO2 emissions in 2021 — 3 per cent of Australia's total green house gas emissions that year. Currently, close to 70 per cent of these emissions are produced from steam production in the alumina refining process, fuelled by fossil fuel sources such as coal and gas. With the sector identified as a hard-to-abate polluter finding a method to reduce emissions is needed. The identified options to reduce these emissions include electric boilers, which generate steam directly using an electrode, and mechanical vapour recompression, which involves capturing low-pressure waste vapour from the refining process for recompression to create pressurised steam for reuse. Paired with renewable energy these technologies have the potential to reduce the significant contribution to overall emissions alumina production entails. ARENA CEO Darren Miller said the study was a significant step towards making low emissions alumina and decarbonising Australian metals production. 'Meeting Australia's emissions reduction targets will require businesses in the most energy intensive industries to incorporate renewables in their operations,' he said. 'Funding from ARENA will help South32 investigate innovative electrification options for steam generation that enable the use of renewable energy.' South32 chief operating officer Vanessa Torres said the company had a long-term goal to achieve net zero emissions across all scopes by 2050 alongside the Federal Government's target and to halve overall emissions from the company by 2035 from their 2021 baseline. 'Decarbonising our operations is key to achieving our goals and targets,' she said. 'The pre-feasibility study that we will undertake at Worsley Alumina, with funding support from the Australian Renewable Energy Agency, builds on the work already under way to reduce Worsley Alumina's greenhouse gas emission. 'Electrification of the steam generation process at Worsley Alumina's refinery has the potential to further reduce the operation's green house gas emissions and we look forward to starting work on the project. We welcome the support from ARENA and look forward to the outcomes of the study.'
West Australian
5 days ago
- Automotive
- West Australian
Under the skin of Hyundai's XCIENT fuel cell truck
Up front, it's best to underline this: Hyundai's XCIENT fuel cell truck is an electric truck. It's not driven by hydrogen but by electricity from a large on-board battery. The hydrogen is the fuel that runs the on-board battery charging. The concept of hydrogen fuel cell cars and trucks is to add an emissions-free range-extender to a battery electric driveline. Hyundai's truck is on display at the Brisbane Truck Show, and Hyundai locally is in discussions with operators in NSW, Victoria and WA to sell or lease limited numbers of the trucks into daily operations on evaluation. Hyundai's boss of future mobility and government relations, Scott Nargar, told us that some of the operators they were speaking to were keen to own the trucks in conjunction with recognition and assistance from the Australian Renewable Energy Agency, ARENA, which exists to support industry moves towards low emissions solutions based on renewables. The trucks will likely be a combination of prime movers and rigids but will all feature the same spec driveline. Six hydrogen tanks each with a 31kg capacity will supply two 90kW fuel cell stacks that in turn will charge a 72kWh battery. The electric motor develops 350kW (470hp) and a thumping 2237Nm of torque, delivering that urge to the drive wheels through an Allison 4500R transmission. Based on European market testing the expected range, including regenerative braking is quoted as 'up to 400km', which would comfortably out-distance similar all-electric heavy-duty trucks now in use in WA fleets. Refuelling, with a 350bar H2 station is claimed to be between 8-20 minutes. XCIENT FC is purely hydrogen fuelled – there is no system to top-up the battery from a charging point. As long as the battery needs charging and there is hydrogen in the tanks, the fuel cell will bubble away even when the truck is parked up. The company is presently finishing off certification and homologation issues and will be sourcing the trucks through its New Zealand operation. That's because the Korean factory only builds the trucks in left-hand drive but converted test units have been running with the Kiwis since 2023. Hence XCIENTs for Australia will dog-leg across the Tasman. No details yet but I'm aware that Hyundai Australia is seeking local conversion opportunities until enough volume can be generated to justify some RHD production from the factory. Hyundai has been trialling this truck in 13 countries including NZ since 2021 with about 13 million kilometres in Switzerland alone. The data accumulated suggests some significant operational and logistical advantages over purely electric drivelines, however the issue of an hydrogen infrastructure looms large. Here in WA, Woodside has started a project with WA Government support to establish an hydrogen production and refuelling facility - Hydrogen Refueller @H2Perth - in the Rockingham industrial zone. Distributing the fuel to stations elsewhere in Perth, particularly the Kewdale transport hub would seem to be a necessity. Elsewhere, Hyundai is expanding the trial in California, where 30 hydrogen fuel cell trucks working in the ports of Oakland and Richmond to haul freight containers and vehicles will shortly be integrated into trials of fully autonomous operations.
Yahoo
27-05-2025
- Business
- Yahoo
Revenue, Outlook, Value, Industry, Forecast, Analysis, Growth, Share, Companies, Size & Trends 2021-2030
The Australian Variable Speed Drive (VSD) market is set to grow, driven by increasing demand for energy-efficient solutions in sectors like manufacturing, mining, and HVAC from 2021 to 2024. Government initiatives focusing on sustainability, such as support from ARENA and the Energy Efficiency Council, propelled the adoption of VSDs, resulting in a 5.2% CAGR revenue growth projected from 2025 to 2031. Key segments like low-voltage and medium-voltage VSDs are anticipated to lead the market, supported by the growing emphasis on automation and net-zero emissions goals. Dublin, May 27, 2025 (GLOBE NEWSWIRE) -- The "Australia VSD Market | Revenue, Outlook, Value, Industry, Forecast, Analysis, Growth, Share, Companies, Size & Trends: Market Forecast By Type, By Voltage, By End-UserAnd Competitive Landscape" has been added to offering. Research indicates that the Australian VSD market is anticipated to grow at a CAGR of 5.2% in revenue and 3.7% in volume from 2025 to 2031. The Australian Variable Speed Drives (VSD) market has witnessed substantial growth from 2021 to 2024, driven largely by the increasing demand for energy-efficient solutions and significant advancements in industrial automation across key sectors such as manufacturing, mining, and HVAC. Government initiatives aimed at enhancing sustainability, including programs implemented by the Energy Efficiency Council and funding through the Australian Renewable Energy Agency (ARENA), have effectively facilitated the adoption of VSD technologies. This growth trajectory is further supported by Australia's robust push for improved energy management practices and a concerted effort to minimize carbon emissions during this period. The forecast is bolstered by several factors, including increased industrial automation, rising demand for energy-efficient technologies, and sustained government support targeting net-zero emissions by 2050. With a goal of reaching 43% emissions reduction relative to 2005 levels, and aiming for an 82% national renewable electricity target by 2030, Australia is incentivizing industries to adopt energy-efficient solutions like VSDs extensively. ARENA and the Clean Energy Finance Corporation (CEFC) are also actively funding energy-efficient projects, providing significant support for motor systems and automation upgrades. The Australian Government's May 2024 Federal Budget highlights a substantial allocation of $22.7 billion to support areas including renewable hydrogen, critical minerals processing, green metals, low-carbon liquid fuels, and cleaner manufacturing. The mining sector, contributing a substantial 13.6% to Australia's GDP in 2023, is increasingly adopting VSDs to enhance energy efficiency and operational effectiveness. Concurrently, construction and manufacturing industries are projected to drive demand for VSD technologies, favoring precise motor speed control in applications such as HVAC, water treatment, and conveyor systems. Market Segmentation by Type: By 2031, DC drives are expected to lead in revenue growth due to their efficiency and applications requiring precise speed and torque control, such as industrial machinery. The AC drive segment maintains the largest market share, driven by advances in energy efficiency and seamless integration into renewable energy systems, underlining their importance in highly automated industries. Market Segmentation by Voltage: Low-voltage VSDs are projected to dominate in revenue and volume due to their affordability and versatility across smaller industries and residential applications, where they enhance energy efficiency significantly. Meanwhile, medium-voltage VSDs are expected to witness the highest growth rates, buoyed by increasing adoption in large-scale industrial applications. Market Segmentation by End-User: The industrial segment is poised to lead in revenue and growth by 2031, driven by automation and sustainability initiatives across manufacturing, mining, and infrastructure sectors. The automotive segment ranks second in growth, spurred by rising EV production and adoption in Australia. Market Segmentation by Application: The HVAC sector is predicted to exhibit the highest revenue growth rate, underpinned by the demand for energy-efficient, smart building technologies and stringent environmental regulations. Conversely, compressors are set to account for the largest revenue share, integral to processes in manufacturing, food & beverage, and oil & gas industries. Key Attractiveness of the Report: 10-Year Market Numbers. Historical Data from 2021 to 2024, with a Base Year of 2024. Forecast extending to 2031. Key Performance Indicators impacting the market. Major upcoming developments and projects. Key Highlights: Australia VSD Market Overview and Outlook. Forecast for Market Revenues and Volume from 2021 to 2031. Detailed analyses by Type, Voltage, End-User, and Application. Market Drivers and Restraints, Industry Life Cycle, and Porter's Five Forces Analysis. Competitive Benchmarking and Company Profiles. Strategic Recommendations. Company Profiles Schneider Electric SE ABB Ltd Siemens AG Danfoss A/S WEG S.A. Hitachi Ltd. Omron Corporation Toshiba International Corporation Pty Ltd. Eaton Corporation plc Invertek Drives Ltd. Robert Bosch (Australia) Pty Ltd Darwin Motion PTY. LTD For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
22-04-2025
- Business
- Zawya
DFM unveils the global speaker line-up and agenda for the 2025 Capital Market Summit
The Summit will explore key trends shaping global capital markets and the future readiness of markets amid evolving financial dynamics. Over 1,500 participants, 100+ global speakers, and 200 industry partners will convene at the region's leading capital markets event to drive opportunity, growth, and future-ready strategies. Dubai: Dubai Financial Market (DFM) announced the agenda and speaker line-up for the upcoming 3rd MENA Capital Market Summit, which will take place on 6–7 May at Madinat Jumeirah, Dubai. The 2025 edition will focus on the forces shaping global and regional capital markets, with sessions exploring the impact of technology on market infrastructure, IPO trends and high-growth company pipelines, cross-border capital flows, the rise of retail investors and the ongoing transformation of private markets. These themes will be addressed by over 100 senior market leaders, including H.E. Helal Saeed Almarri, Director General of Dubai's Department of Economy and Tourism and Chairman of DFM; Ken Robins, Head of EMEA Equity Capital Markets at Citi; Richard Cormack, Head of ECM and Convertibles in EMEA and Co-Head of UK Investment Banking at Goldman Sachs; and Simon Williams, Chief Economist CEEMEA at HSBC, and Lord Stephen A. Carter, Group Chief Executive, Informa PLC. The programme includes keynote speeches, panel discussions and sector-specific sessions featuring speakers from across financial institutions, regulatory bodies, and government, and is expected to convene over 1,500 participants, and around 200 industry partners. As Dubai continues to solidify its position as a global financial hub, the Capital Market Summit Series serves as a vital space for collaboration, policy dialogue, and deepening regional and international investment ties. With a growing IPO pipeline, rising investor participation, and rapid fintech advancements, the Summit plays a strategic role in driving market development and ensuring the future readiness of capital markets. In addition to the main agenda, this year's Summit will introduce The Hub, a new dynamic space designed to foster practical engagement and focused dialogue. It will host partner presentations, fireside chats and panel discussions, alongside demonstrations of DFM's investor platforms, including the iVestor App and ARENA. The Hub will also feature sessions led by DFM and its partners, offering insights into the services shaping Dubai's capital markets today as well as the future initiatives designed to drive continued market growth and innovation. Similar to last year, the Summit is supported by Platinum Sponsors – Bank of America, Citi, Emirates NBD and HSBC – with senior executives from each institution contributing to the programme. Andree Chakhtoura, Head of Investment Banking MENA, Bank of America, said: 'Dubai's capital markets continue to grow in scale and sophistication, creating new opportunities for both issuers and investors. As a long-standing partner to the region, we're proud to support the Capital Market Summit and engage in forward-looking conversations on market development, innovation, and the future of global investment flows. This year's Summit reflects a maturing regulatory landscape, increased participation, and deeper access to capital—marking a pivotal moment in the region's integration into global markets.' Achintya Mangla, Citi's Head of Financing for Investment Banking, said: 'We are pleased to continue our partnership with the Dubai Capital Market Summit this year. Dubai continues to stand out as one of the most vibrant markets globally, offering strong growth and investment opportunities. As a trusted partner in key landmark transactions, we are dedicated to supporting the UAE's evolving financial landscape and strengthening investor engagement. This Summit is an important platform to share insights on IPOs, Capital Formation, and the evolution of markets, and we are proud to play a role in driving that dialogue forward.' Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, said: 'The Capital Market Summit is firmly established as one of the premier events on the banking and financial services calendar. The 2025 edition is another important opportunity to leverage Dubai's evolving position as a major hub for international banking services, diverse investment, and the integration of the latest digital technologies. Our participation, and ongoing support, for CMS reflects Emirates NBD's role at the forefront of a rapidly changing investment landscape and an opportunity to showcase to an influential and innovative global audience the successes that continue to drive markets in Dubai, across the region, and beyond.' Mohamed Al Marzooqi, CEO, HSBC Bank Middle East, UAE, said: 'International investors are increasingly looking towards the UAE and the Middle East for long term growth. The country's deepening capital markets, and strong international connectivity are driving expansion and creating new opportunities. At HSBC we continue to play a key role in the development of the country's equity and debt capital markets. Of the billion raised in IPOs in the UAE's financial markets between 2022–2025, HSBC was involved in 65% of total deal value. As the direction of global capital shifts eastwards, the Dubai Financial Market Summit acts as an essential platform for fostering collaboration, innovation, and unlocking new opportunities that will shape the future of financial markets across the Middle East.' The upcoming edition builds on a period of steady growth and heightened regional activity, while also reflecting the broader evolution of market expectations. With greater participation, maturing regulatory frameworks, and expanding access to capital, the Summit offers an opportunity to take stock of where the region stands – and where it's headed – in the context of a more connected global market. Hamed Ali, CEO of DFM and Nasdaq Dubai, said: 'The Capital Market Summit reinforces Dubai's position as a global financial gateway, where international capital meets regional opportunity. With AED 10.48 billion raised through IPOs in 2024 and an investor base of 1.2 million participants from over 200 nationalities, we're seeing clear evidence of growing global confidence in Dubai's capital markets. This momentum reflects the strength of our financial ecosystem and the clarity of our long-term vision: to scale access, drive innovation, and lead the region in capital market development.' ''The third Capital Market Summit this year arrives at a pivotal time for our region, as global markets adapt to evolving economic dynamics, technological disruption, and shifting investor behavior. The 2025 edition will convene a broad spectrum of market leaders to explore how innovation, cross-border collaboration, and regulatory evolution can unlock new opportunities for capital formation and investment. I'm particularly looking forward to the exchange of ideas and perspectives that will emerge – insights that will inform how we evolve, adapt, and lead in a fast-changing financial landscape.'' To register or learn more, visit About Dubai Financial Market: Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000 and became the first Islamic Shari'a-compliant exchange globally since 2007. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company, and its shares were listed on 7 March 2007 with the trading symbol (DFM). Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. For further information, please contact: Noora Alsoori Communications and Public Relations Dubai Financial Market E: nalsoori@ Shruti Choudhury Associate Director Edelman Smithfield E: dfmedelmansmithfield@
USA Today
16-04-2025
- Politics
- USA Today
Maryland senator heads to El Salvador seeking wrongly deported man's return: Updates
Maryland senator heads to El Salvador seeking wrongly deported man's return: Updates Show Caption Hide Caption Senator Van Hollen travels to El Salvador for Abrego Garcia "We are going to keep fighting." Senator Van Hollen of Maryland left for El Salvador to push for Kilmar Abrego Garcia's release. WASHINGTON − Maryland Democrat Sen. Chris Van Hollen was boarding a flight to El Salvador on Wednesday where he hopes to meet with government officials there to discuss Kilmar Abrego Garcia's return to the U.S. Abrego Garcia, a union sheet metal worker and father of three, was wrongly deported to El Salvador and sent to the country's most notorious prison March 15. Salvadoran President Nayib Bukele, who met wtih Trump on April 14 in Washington, told reporters he does not have the power to return Abrego Garcia. The Trump administration has defended his deportation. The Supreme Court ruled without dissent on April 10 that the Trump administration "facilitate" Abrego Garcia's return − but did send the case back to a federal judge in Maryland for clarification. That judge, Paula Xinis, an appointee of Democratic President Barack Obama, warned Trump administration lawyers on April 15 to comply with the order. "There will be no tolerance for gamesmanship or grandstanding," said Judge Paula Xinis, an appointee of Democratic President Barack Obama. "To date, what the record shows is that nothing has been done. Nothing." Abrego Garcia was sent to El Salvador's Terrorism Confinement Center with hundreds of Venezuelan migrants deported under the Alien Enemies Act, a 1798 law that previously had only been invoked when the U.S. was at war. Several judges have blocked additional deportations, drawing accusations of judicial overreach from the Trump administration. In a video clip on X announcing his departure, Van Hollen said he hopes to see Abrego Garcia and determine the condition he's in. 'We are going to keep fighting because this is a miscarriage of justice,' he said. Though Abrego Garcia is not a U.S. citizen, a federal immigration judge granted him a legal protective order in 2019 that allowed him to stay in the U.S. On April 14, Van Hollen wrote on X that, "I've been clear: if President Bukele doesn't want to meet here in D.C., then I intend to go to El Salvador this week to check on Kilmar Abrego Garcia's condition and discuss his release.' Other Democrats have also rebuked Abrego Garcia's deportation to El Salvador. 'We must all stand as a united front against the kidnapping and illegal detention of Kilmar Abrego Garcia in El Salvador,' wrote Florida Rep. Maxwell Frost on X. Political foes of Bukele in El Salvador have accused him of failing to prioritize the rights of El Salvadorans abroad. Lawmaker Francisco Lira, of the opposition ARENA party, said the Bukele-Trump meetings have instead focused on prison agreements and labeling people terrorists or gang members without legal justification. He noted that Trump has said there is no limit on the number of people the U.S. could send to El Salvador prisons. "It's one thing to act as an allied and cooperating nation, but quite another to take on tasks that compromise our sovereignty and security, such as imprisoning criminals, delinquents, and even innocent people from other nations whose only 'crime' was migrating to the United States in search of opportunities their countries of origin didn't offer them," Lira said in a post on X. Contributing: Phillip M. Bailey George Petras, and Veronica Bravo, USA TODAY
