Mphasis, an India-based IT solutions provider specializing in cloud and cognitive services, has made a significant commitment to environmental sustainability. The company announced its pledge to achieve carbon neutrality by 2030 by eliminating CO2e emissions from its facilities and operations. Mphasis recognizes the importance of carbon neutrality as a driver of value creation and plans […]
Stellantis N.V. and Vulcan Energy Resources have signed a binding term sheet for the first phase of a multiphase project that aims to develop new geothermal projects at the Dutch automotive company’s Mulhouse industrial site in France. The Mulhouse industrial site is home to several automobile models, including the DS 7, Peugeot 308 and 308 […]
Accenture has announced its intent to acquire Green Domus Desenvolvimento Sustentável LTDA, a Brazil-based sustainability consultancy specializing in decarbonization strategies. The acquisition aims to strengthen Accenture’s Sustainability Services team. Green Domus brings deep expertise in sustainability frameworks and will provide clients with solutions to embed carbon data into decision-making processes. Financial terms of the deal […]
Cummins Inc.’s zero-emissions business segment, Accelera, has commenced operations for electrolyzer production in Fridley, Minnesota, marking its first electrolyzer production facility in the US. The ribbon-cutting ceremony witnessed the presence of Minnesota Governor Tim Walz, US Department of Energy Secretary Jennifer Granholm, and other federal, state, and local officials, emphasizing the growing momentum of the […]
Tata Steel said that it has started the trial injection of hydrogen gas utilizing 40% of the injection systems at its Jamshedpur Works’ ‘E’ Blast Furnace. The Indian steelmaking company claimed that this is the first time ever in the world that such a huge volume of hydrogen gas is being injected continuously in a […]
Aker BP and OMV (Norge) have forged a collaboration agreement for carbon capture and storage (CCS) and have secured the Poseidon CO2 storage licence on the Norwegian Continental Shelf (NCS) from the Norwegian Ministry of Petroleum and Energy. The CO2 storage licence awarded to Aker BP and OMV is in the Norwegian North Sea. Aker […]
Indian steel company JSW Steel said that its subsidiary JSW Steel USA is collaborating with TrueNorth Collective to deploy the Smart EPD Platform for monitoring, publishing, and digitally determining the environmental impact of its product portfolio. JSW Steel USA is claimed to be the first steel producer in the US in adopting Smart EPD for […]
UK-based oil and gas major BP has launched the HyVal green hydrogen project in the Valencia region at its Castellón refinery in Spain, with an investment of up to €2 billion. The public-private collaborative initiative HyVal is led by BP and is anticipated to decarbonize the operations of the Castellón refinery, replacing its current use […]
Linde will invest $1.8 billion to build a new complex in Beaumont, Texas as part of its long-term contract with Netherlands-based chemical company OCI. The on-site complex will include autothermal reforming with carbon capture and a large air separation facility. Linde will integrate the new complex with its Gulf Coast industrial gas infrastructure to supply […]
Goldman Sachs Asset Management through its infrastructure business has set up Verdalia Bioenergy to contribute to Europe’s decarbonization and energy security agenda. Verdalia Bioenergy will invest more than €1 billion over the next four years to develop, acquire, construct, and operate biomethane facilities across Europe. The new entity will invest in both early-stage development biomethane […]