Weekly News Round Up 19/07

WEEKLY NEWS ROUND UP

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Welcome to our Weekly News Round Up of interesting articles in the sustainability space!

Here are our top 5 news pieces for this week with key takeaways:

1. CF Industries and POET to demonstrate the use of low-carbon fertilizer

CF Industries and POET to demonstrate the use of low-carbon fertilizer | World Fertilizer?

? Key takeaways:

• CF Industries Holdings and POET LLC, has announced a collaboration to pilot the use of low-carbon ammonia #fertilizer to reduce the #carbonintensity of corn production and ethanol ??
• Ammonia is commonly used as a direct application fertilizer for U.S. corn production, but the conventional ammonia production process is #emissions intensive. As a result, ammonia production is a significant contributor to the lifecycle carbon intensity of corn production and thus ethanol production ??
• Producing #ethanol with corn grown using low-carbon #ammonia can reduce the carbon intensity of ethanol up to 10%. The companies are targeting the fall of 2024 for the first applications of low-carbon ammonia with subsequent applications in spring of 2025, to produce a first crop to be harvested in the fall of 2025 ??
• “We are pleased to collaborate with POET on this important step forward in developing a low-carbon ethanol value chain that links low-carbon #fertilizers to farmers to ethanol production,” said Bert Frost , Executive Vice President, sales, supply chain and market development, CF Industries ??
• “At POET, we have always striven to bring new value to our producers and our partnership with CF Industries continues this mission,” said Christian Mcilvain , President of POET Grain. “We want to prepare and educate our corn producers on the realities of the impact of the carbon in their grain. This initiative not only gives producers a low-carbon ammonia option but also provides the opportunity to educate them on their farm’s carbon score and what that could mean for their #grain value.” ????
• For the demonstration project’s fall 2024 and spring 2025 low-carbon ammonia applications, the companies will leverage #greenammonia produced at CF Industries’ Donaldsonville Complex ??

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2. Re-elected von der Leyen vows EU will ‘stay the course’ with hydrogen agenda

Re-elected von der Leyen vows EU will ‘stay the course’ with hydrogen agenda | Policy | H2 View (h2-view.com)

?? Key takeaways:

• Ursula von der Leyen has secured a second five-year term as European Commission President and vowed the EU will ‘stay the course’ with its #GreenDeal strategy for #hydrogen and clean energy ??
• In her first statement after re-election, the President said #policymakers will push ahead with Europe’s 2030 and 2050 goals ??
• “Investments in clean technologies in Europe have more than tripled in the mandate. We attract more investments in clean hydrogen than the US and China combined…This is the European Green Deal in action. So I want to be clear. We will stay the course on our new growth strategy and the goals we set for 2030 and 2050,” von der Leyen said ??
• Under her #manifesto, she pledged to speed up the Important Projects of Common European Interest (IPCEI) scheme and get a hydrogen #pipeline network deployed through Europe, as well as expand demand mechanisms for the purchase of hydrogen ??

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3. Mota-Engil informs about the signing of an agreement in Mexico

Mota-Engil informs about the signing of an agreement in Mexico | World Fertilizer

?? Key takeaways:

• Mota-Engil has informed that, through its subsidiary Mota-Engil México , has signed an agreement with Pemex Transformación Industrial S.A. de C.V. , a subsidiary of the state run Mexican national oil company, Petróleos Mexicanos S.A. de C.V. (PEMEX), for the construction of a #fertilizer industrial plant located in Escolin, Poza Rica, State of Vera Cruz ??
• The agreement envisages the development of the engineering, construction, financing and operation of a production plant of #ammonia, urea and #AdBlue with an annual production equivalent to above 700 000 t ??
• The construction of this plant will allow the decrease of imports of fertilizers and will significantly strengthen the production autonomy of the country’s #agriculture sector, besides promoting sustainable #environmental solutions, through the reduction of polluting gas emissions to the atmosphere, which the incorporation of Adblue in fuels promote ?

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4. Airbus, easyJet, Air Products explore introducing hydrogen to London Gatwick

Airbus, easyJet, Air Products explore introducing hydrogen to London Gatwick | Mobility | H2 View (h2-view.com)

? Key takeaways:

• Airbus , easyJet and 空气化工产品公司 have teamed up to explore introducing #hydrogen infrastructure at London Gatwick Airport ?
• Under the aircraft manufacturer’s ‘Hydrogen Hubs at Airports’ framework, the trio will explore liquid hydrogen supply and storage at the UK’s second-largest international #airport, as well as refuelling and ground handling of hydrogen aircraft ?
• The announcement said due to hydrogen-powered aircraft initially due to meet short- to medium-haul flights, London Gatwick, combined with easyJet’s short-haul carrier insights, makes the project an “ideal testbed” for the R&D of support #infrastructure ??
• “Combined with support from regulators and policymakers, I’ve no doubt that projects like this will act as the building blocks to prepare UK airports for a hydrogen transition,” said easyJet CEO, David Morgan ??
• Both Airbus and easyJet have been pursuing hydrogen solutions for #aviation. Airbus aims to launch its first #zeroemission commercial aircraft by 2035 under its #ZEROe project. ZEROe features three concept planes using hydrogen #fuelcells and combustion, but the aircraft major has also been looking to develop hydrogen infrastructure at airports, with the likes of easyJet ??

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5. Masdar Raises USD1 Billion Through Second Green Bond to Fund New Global Renewables Projects

Masdar Raises USD1 Billion Through Second Green Bond to Fund New Global Renewables Projects (prnewswire.co.uk)

? Key takeaways:

• Masdar (Abu Dhabi Future Energy Company) , the UAE's clean energy powerhouse, today announced it has successfully raised USD1 billion through its second #greenbond issuance, under its Green Finance Framework. The announcement comes one year after the company's first successful issuance of USD750 million on the International Securities Market of the London Stock Exchange ??
• The USD1 billion proceeds from the issuance will be deployed to fund Masdar's equity commitments on new #greenfield projects, several in developing economies, as the company pursues a target portfolio capacity of 100GW by 2030 ?
• Highlighting the delivery of its commitments under the company's Green Finance Framework, which attracts the highest possible rating from 穆迪分析 of SQS-1, Masdar's recently published 2023 Green Finance Report detailed the allocation and impact of its debut green bond. The proceeds have been used to fund projects in emerging markets and the Global South with 3.7GW in total nominal capacity and are expected to mitigate 5.4 million tonnes in GHG #emissions annually when fully operational ??
• The joint lead managers and bookrunners on the issuance were First Abu Dhabi Bank (FAB) , Abu Dhabi Commercial Bank , Citibank, 汇丰 , 渣打银行 , 东方汇理银行 , Natixis Corporate & Investment Banking and MUFG ??
• Since its establishment in 2006, Masdar has been a key enabler of the UAE's vision as a global leader in #sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its #renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year ??

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?ATOME in the press ??

?You can view ATOME announcements on our website here ?? : Regulatory News & Alerts - ATOME - The Commodities Of The Future, Today (atomeplc.com)

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