Latest news with #carbonreduction
Zawya
4 days ago
- Business
- Zawya
Mitsubishi completes hydrogen fuel conversion project in Egypt
Egypt - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries (MHI), has announced the completion and handover of hydrogen fuel conversion project at the Alexandria National Refining and Petrochemicals Company (ANRPC) refinery in Egypt. This project is considered the first industrial application of hydrogen use as fuel in industrial boiler in Egypt and the MENA region, stated Mitsubishi. Under the terms of the full turnkey contract, announced in 2022, Mitsubishi Power undertook the design, engineering, supply and installation of the solutions, equipment, and control systems to rehabilitate and upgrade a 100-tonne-per-hour main boiler, converting it from heavy fuel oil and natural gas to a 100 per cent hydrogen fuel. The project also contributed to the utilisation of 14,000 tonnes per year of hydrogen-rich gases available in the production units, reducing natural gas consumption by approximately 24,000 tonnes and contributing to a reduction of carbon emissions by approximately 65,000 tonnes per year. Sayed Al-Rawi, Chairman and Managing Director of ANRPC, said: "We are proud to be part of Egypt's journey towards a clean energy future and to contribute to achieving Egypt Vision 2030 with this pioneering milestone to using hydrogen as a fuel. This project represents an unprecedented achievement for ANRPC, Egypt, and the entire region. By integrating hydrogen into refining processes, we are contributing to reduce Egypt's carbon footprint and set a new standard for the country's industrial sector. We are proud of our partnership with Mitsubishi Power on this project, which is a true example of how international partnerships and advanced technology can bring about fundamental change toward a sustainable energy future. We are thrilled about the positive environmental impact of this project in reducing emissions, and we look forward to continuing our role in supporting Egypt's transition to clean energy. Together, we can help meet current energy needs and participate in shaping a sustainable energy future in Egypt and the region." Javier Cavada, President and CEO, Europe, Middle East and Africa at Mitsubishi Power, said: "The success of this first-of-a-kind hydrogen conversion project marks a milestone in Egypt's transition to clean energy and reflects Mitsubishi Power's global leadership in developing advanced, low-carbon power generation technologies. We are honored to partner with ANRPC and support Egypt's ambitious vision for a clean energy transition, providing our expertise to transition existing infrastructure to low-carbon commercially viable systems. This project will lay down the foundation to a commercial path for decarbonising Egypt's industrial facilities with minimal downtime, in addition to demonstrating the tangible and positive impact of hydrogen in reducing emissions and developing sustainable energy solutions. Mitsubishi Power is committed to supporting Egypt's journey towards a cleaner and more sustainable energy future, and we look forward to strengthening our collaboration with ANRPC and other stakeholders to drive the transition to hydrogen across the region." Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Yahoo
30-07-2025
- Automotive
- Yahoo
AMG Critical Materials N.V. Announces Interim Dividend
--- AMG Critical Materials N.V. ('AMG', EURONEXT AMSTERDAM: 'AMG') declares an interim dividend of €0.20 per ordinary share, unchanged from the interim dividend of €0.20 per ordinary share in the prior year. The interim dividend of €0.20 per ordinary share, in respect of the period from January 1, 2025 to June 30, 2025, is payable on August 15, 2025 to shareholders of record as of August 7, 2025. The ex-dividend date will be August 6, 2025. Dutch withholding tax will be deducted from the dividend at a rate of 15%. This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht). About AMG AMG's mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG's products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets. AMG's Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG's Vanadium segment is the world's market leader in recycling vanadium from oil refining residues, spanning the Company's vanadium, titanium, and chrome businesses. AMG's Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company's fast-growing LIVA batteries, NewMOX SAS formed to span the nuclear fuel market, and spans AMG's mineral processing operations in graphite, antimony, and silicon metal. With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices in Japan ( For further information, please contact:AMG Critical Materials N.V. +49 176 1000 73 14Thomas Swobodatswoboda@ Disclaimer Certain statements in this press release are not historical facts and are 'forward looking.' Forward looking statements include statements concerning AMG's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG's business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words 'expects,' 'believes,' 'anticipates,' 'plans,' 'may,' 'will,' 'should,' and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG's expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based. Attachment Interim Dividend 2025Error 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
Yahoo
24-07-2025
- Business
- Yahoo
Eaton Adds Solar Project in Wisconsin To Power Regional Manufacturing With Resilient, Sustainable and Affordable Energy
4 MW installation will offset 30% carbon generation across five Eaton facilities and accelerate progress toward company's sustainability goals Intelligent power management company Eaton is adding a new clean energy project to drive carbon reduction at its operations in Wisconsin, advancing its commitment to achieve net zero operations by 2050. The joint project with We Energies, a subsidiary of WEC Energy Group, and Eaton will help strengthen energy security, deliver cost-effective power to the grid, and reduce Eaton's carbon footprint at five locations in Wisconsin, where the company conducts research and makes electrical infrastructure for utility, data center, large commercial and industrial applications. Once energized in early 2026, the 4-megawatt solar project located adjacent to Eaton's Thomas A. Edison Technical Center is expected to meet 30% of the annual carbon reduction goals at five Eaton sites in Franksville, South Milwaukee, Menomonee Falls and two Waukesha facilities. Combined with previous energy efficiency upgrades, the initiative will support a 58% reduction in Eaton's greenhouse gas emissions across the state since 2018. "At Eaton, we're tackling the energy transition from all angles - including right here in Wisconsin, where we produce the technologies essential to modernize the grid and support a cleaner, more resilient energy future," said Guillaume Laur, senior vice president and general manager of Power Delivery and Regulation, Electrical Sector at Eaton. "Around the world, we're leveraging the global megatrends of electrification and digitalization to unlock greater operational and environmental value from energy systems. This project marks another important milestone on our journey and there is much more to come." Under the agreement, We Energies will build, own and operate the system on Eaton's behalf. Eaton will provide the land for construction and receive renewable energy credits for delivering clean energy to the local grid. Eaton is also contributing engineering expertise and essential technologies to the project, including electrical transformers produced at its Waukesha, Wisconsin manufacturing facility. "We're pleased to partner with Eaton to bring more renewable energy to Wisconsin," said Mike Hooper - president, We Energies. "Our focus on reliable energy supports all of our customers and strengthens economic growth across the state." The Franksville solar project is an example of Eaton's Everything as a Grid approach to the energy transition that is shaping a future where homeowners, communities and businesses can reduce the cost and environmental impact of energy through intelligent power management and on-site renewable energy production. The company has deployed multiple solar projects across its global operations since 2009, including a first-of-its-kind clean energy microgrid in Arecibo, Puerto Rico completed in 2024. Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit Follow us on LinkedIn. Contact: Kristin Somers+1.919.345.3714Kristincsomers@ Regina Parundik Cobblestone Communications+1.412.559.1614Regina@ ### Eaton adds new clean energy project in Wisconsin to power manufacturing with resilient, sustainable and affordable power. (Image credit: Eaton) View additional multimedia and more ESG storytelling from Eaton Corporation on Contact Info:Spokesperson: Eaton CorporationWebsite: info@ SOURCE: Eaton Corporation View the original press release on ACCESS Newswire
BBC News
24-07-2025
- Politics
- BBC News
Wiltshire Council rejects motion to end carbon neutral aims
A motion to change carbon reduction targets has been rejected by a council, as progress to reduce emissions Tuesday, Wiltshire Council rejected a motion that called for the authority not to be "constrained by unachievable county-wide 2030 carbon reduction targets".In February 2019, the council passed a motion acknowledging a climate emergency and to seek to make the county carbon neutral by 2030. This latest decision suggests the council still has faith in its existing strategy, and remains confident that its current trajectory will meet the set climate goals. 'Demanding' target The new motion sought to replace the 2019 vote, but it was rejected by 45 votes to 23, with 19 proposal stated: "This council should not be constrained by a motion demanding unachievable county-wide 2030 carbon reduction targets as set out in the 'climate emergency motion', and so repudiates it." Cllr Paul Sample, cabinet member for environment, climate and waste, said he was "delighted" the motion had not succeeded."Our programme of climate action has made demonstrable financial savings since its introduction, so it is disappointing that this motion was brought forward," he said."We are on track to become carbon neutral as an organisation by 2030, and our 2025 Climate Delivery Plan is already delivering significant climate-related benefits, while also saving money for Wiltshire taxpayers."The climate emergency affects us all and that is why it is essential that we do all we can to continue to reduce carbon emissions throughout Wiltshire."The council's existing strategies include investing in energy-efficient LED lighting for streetlights, improving energy efficiency in council buildings, and using "cleaned carbon dioxide" from landfills to grow food.
Associated Press
23-07-2025
- Automotive
- Associated Press
AMG Schedule for Second Quarter 2025 Earnings Release
Amsterdam, 23 July 2025--- AMG Critical Materials N.V. ('AMG', EURONEXT AMSTERDAM: 'AMG') will release its second quarter 2025 financial results on Wednesday, July 30, 2025, at approximately 18:00 CEST. AMG will host a conference call to discuss its financial results for the second quarter of 2025 at 09:00 CEST (08:00 BST / 3:00AM EDT) on Thursday, July 31, 2025. Please connect approximately 10 minutes prior to the beginning of the call to ensure participation. The call-in information is as follows: Toll-free number: 1-800-830-9649 Alternate (toll) number: 1-213-992-4624 United Kingdom: 44 0800 524 4760 Netherlands: 31 20 795 2687 When prompted for the conference ID, tell the operator AMGQ22025 and you will be directed onto the call. The conference call will be available on the website within twenty-four hours following completion of the call. About AMG AMG's mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG's products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets. AMG's Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG's Vanadium segment is the world's market leader in recycling vanadium from oil refining residues, spanning the Company's vanadium, titanium, and chrome businesses. AMG's Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company's fast-growing LIVA batteries, NewMOX SAS formed to span the nuclear fuel market, and spans AMG's mineral processing operations in graphite, antimony, and silicon metal. With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices in Japan ( ). For further information, please contact: AMG Critical Materials N.V. +49 176 1000 73 14 Thomas Swoboda [email protected] Disclaimer Certain statements in this press release are not historical facts and are 'forward looking'. Forward looking statements include statements concerning AMG's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG's business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words 'expects,' 'believes,' 'anticipates,' 'plans,' 'may,' 'will,' 'should,' and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG's expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based. Attachment
