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CO2-free hydrogen: BASF receives funding approval for 54-megawatt water electrolysis plant

Department of Energy Security and Net Zero (DESNZ) minister Lord Martin Callanan acknowledged in an interview with Sky News over the weekend that hydrogen will not play a major role in home heating, adding: “There's no way that could be practically achieved”. “It is clear that the vast majority of decarbonisation of home heating in the UK will be electrification,” he explained.

November new-vehicle sales, when announced next week, are expected to show gains over last year's product-constrained market. According to the Cox Automotive forecast released today, sales volume is expected to rise 6.5% over November 2022 when the market was in the early stages of recovery from severe product shortages. The seasonally adjusted annual rate (SAAR), or sales pace, is expected to ...

After opening at $2035.10 in trading today gold futures surged to a high not seen for approximately the last year. As of 3:15 PM EST, the most active February 2024 contract has surged by $26.30 and is currently fixed at $2061.50.

BASF is taking advantage of the currently low interest rate environment in China and has signed a CNY 40 billion syndicated bank term loan facility with a maturity of 15 years for its new Verbund site in Zhanjiang. The new site is currently under construction in Guangdong province. The loan will be provided by major Chinese banks and offers flexible repayment options to optimize BASF’s cash ...

A vessel off the coast of Bilbao is now operating with an on-board ammonia cracker making pure hydrogen fuel to power its auxiliary services, in what the company behind the scheme claims is a “world first”.

“The lack of response [in the platinum price] is the elephant in the room that everyone is talking about,” he said. “During Covid and during the semi-conductor shortage automakers were not producing but they continued to take PGMs in terms of offtake agreements.”
This resulted in an estimated 1Moz in inventories held by automakers. Consequently, they modified their procurement strategies to run ...

Analyst: H2 Projects could be impacted.
The bombshell legal ruling cast doubt on Germany’s entire financing plans, including projects ranging from subsidies for chip and battery plants to sorely needed investment in the railway network. Senior officials have canceled some public appearances, clearing their calendars to deal with the upheaval.

The global semiconductor manufacturing industry is on track for recovery in the fourth quarter of 2023, setting the stage for continued growth in 2024, Semi and Techinsights predict. Q4 IC sales are expected to rise 4% sequentially as end demand improves and inventories normalize. Electronic sales are predicted to register a robust +22% QoQ increase in Q4 2023.

Global mined silver production is expected to fall 2% year-on-year to 820Moz in 2023, driven by lower output from operations in Mexico and Peru, according to The Silver Institute.