Canada has initiated a formal complaint [1] with the World Trade Organization (WTO) in response to the United States’ imposition of tariffs on Canadian steel imports. The U.S. recently increased tariffs on steel to 25%, ending exemptions and duty-free quotas that were previously in place for Canadian steel products. This decision has heightened trade tensions […]
U.S. stocks rose on Wednesday, supported by inflation data that was cooler than anticipated, which helped halt a steep selloff. However, the ongoing escalation of President Donald Trump’s disruptive, multi-front tariff war limited the gains. The S&P 500 and Nasdaq both ended the day higher, with the latter receiving a strong lift from tech and […]
Shares of Tata Steel witnessed a 2% rise [1] on Wednesday after global financial services firm JPMorgan revised its price target for the stock, forecasting a potential 20% upside. The brokerage reaffirmed its “overweight” rating, highlighting the company’s improved earnings outlook, particularly in its European operations, as a key driver for optimism. The stock gained […]
President Donald Trump has escalated trade tensions by threatening further tariffs [1] on imports, following retaliatory measures from the European Union and Canada. “Whatever they charge us, we’re charging them,” Trump told reporters at the White House. The ongoing dispute stems from Trump’s decision to impose a 25% tariff on steel imports, which he argues […]
SMS group has completed the automation system upgrade for the hot strip no.1 at PT Krakatau Steel (Persero), Tbk. PT Krakatau Steel (PTKS) has reached a significant milestone with the successful production of its first sellable coil at its facility in Cilegon. This achievement marks PTKS’s return to the Indonesian market as a producer of […]
Boston Metal has specialised in steel decarbonization technology and has successfully launched its multi-inert anode Molten Oxide Electrolysis (MOE) industrial cell, designed for green steel production, marking a key milestone in de-risking Boston Metal’s MOE platform technology. It confirms the effectiveness of the inert anode, a critical component of MOE that enables the scalable production […]
As President Donald Trump’s latest tariffs on steel and aluminum imports came into force Wednesday, the European Union has responded [1] with officially implemented $28 billion retaliatory tariffs against the United States. This marks a significant escalation in the ongoing trade dispute with President Donald Trump’s administration. The countermeasures that came into force today are […]
Elcogen has officially announced the launch of the Horizon Europe SYRIUS project following a successful kick-off meeting hosted by project partner Acciai Speciali Terni Spa in February 2025. The SYRIUS project aims to transform the steel industry by enabling hydrogen production and circular energy use within steelmaking processes. Funded by a €10 million grant and […]
U.S. President Donald Trump has decided to abandon his proposal to double tariffs [1] on Canadian steel and aluminum imports. The initial plan, which would have raised tariffs from 25% to 50%, was announced as a response to Ontario’s decision to impose a 25% surcharge on electricity exports to the United States. The move had […]
Japanese suitors are encountering increased challenges in U.S. mergers and acquisitions, as American targets are now more likely to demand substantial termination fees to safeguard against deals collapsing due to regulatory or political hurdles. This shift follows Nippon Steel’s stalled $14.9 billion bid for U.S. Steel, which has highlighted the growing risks tied to U.S. […]
SteelAsia Manufacturing Corp., the leading steel manufacturer in the Philippines, has commissioned its inaugural solar rooftop photovoltaic (PV) system in partnership with TotalEnergies ENEOS at its Meycauayan steel plant in Bulacan. The 1.9 megawatt-peak (MWp) solar power system is seen as a significant step in the company’s ongoing efforts to decarbonize its steel production operations. […]
India’s steel trade experienced a significant downturn [1] in February 2025, with imports plunging by 40% year-on-year to 0.6 million tons. This sharp decline has been attributed to concerns over potential safeguard duties, dampening traders’ buying sentiment. The Directorate General of Trade Remedies (DGTR) is currently investigating allegations of steel dumping, and the possibility of […]
Danieli signs a Memorandum of understanding defined to explore integration of Newcleo LFR technology with Green Steel technology and plants. The collaboration is set to explore the integration of newcleo’s Lead-cooled Fast Reactors (LFR) with Danieli’s steelmaking technology intended to combine the production of green steel with nuclear energy production. The companies will focus on […]
Amid ongoing challenges, Ukraine’s steel industry is showing resilience, with rolled steel production increasing by 6.6% year-on-year [1] in February 2025. According to data from Ukrmetprom, the country’s rolled steel output reached 476.9 thousand tons during the month. This growth reflects the industry’s ability to adapt and recover despite the disruptions caused by the ongoing […]
SSAB’s HYBRIT® technology, developed in partnership with the mining expert LKAB and Vattenfall, is known for its green hydrogen and fossil-free electricity in place of coking coal to produce steel, eliminating the carbon emissions. SSAB has signed an agreement with global construction equipment maker Putzmeister to provide future fossil-free steel for products like concrete pump […]
SSAB’s official statement said that they are establishing new blast furnaces in Oxelösund, Sweden, with an electric arc furnace and associated raw material handling. The aim is for the new production system to be up and running toward the end of 2026. The Oxelösund mill is said to be the first in the green transition […]
Workers suspended at Liberty Steel in 2024 will be returning to work by next week, according to Independent Steel Workers Union leader Penny Wight. Liberty Steel furloughed more than 500 employees from its Peoria-area steel mill and wire mill in December, citing economic challenges in the steel market. The company stated that the furloughs were necessary. […]
Nomura Research has highlighted the potential benefits of imposing safeguard duties [1] on Indian steel imports. According to the brokerage, such measures could significantly boost domestic steel prices and improve the margins of steel manufacturers. The domestic steel industry has been advocating for a 25% duty on imports to protect against the influx of cheap […]
ArcelorMittal Nippon Steel (AM/NS), a Luxembourg-based multinational steel manufacturing company, has announced plans to invest Rs 1.47 lakh crore [1] in a new steel plant in Andhra Pradesh. This significant investment is set to be developed in two phases, with the first phase involving an expenditure of Rs 61,780 crore to achieve a production capacity of […]
Morocco’s green hydrogen ambitions have reached a significant step forward as Prime Minister Aziz Akhannouch chaired a steering committee meeting in Rabat today, where five major investors were selected to develop six projects valued at MAD 319 billion ($31.9 billion) across the country’s three southern regions, marking a major step in Morocco’s push toward sustainable […]
Recent statements highlight the Middle East and North Africa’s (MENA) potential to take the lead in the global industry’s shift toward green iron and steel, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Libya has announced plans to become a supplier of direct reduced iron (DRI) in the Mediterranean basin and beyond unveiling […]
India’s finished steel imports from South Korea, China, and Japan have reached an all-time high [1] during the April-January period of the current fiscal year. According to provisional government data, these three countries accounted for 78% of India’s total finished steel imports, highlighting the growing reliance on foreign steel to meet domestic demand. South Korea […]
After China announced its plans to restructure its steel industry to cut its total output, there was a surge in the share of steel stock on March 5. The latest plans by China are expected to reduce cheap steel dumping into the Indian market, acting as a major positive to the domestic steel companies. Welspun Corp’s shares […]
Iron ore futures declined on Wednesday due to the tariff war between the United States and top metals consumer China, outweighing optimism about improved demand for Chinese steel. China is the world’s largest consumer of metals, including iron ore, a key raw material for steel production. According to reports, the most-traded May iron ore contract […]
China has announced plans to reduce its steel output [1], in an effort to address overcapacity and enhance profitability. The decision, revealed at the National People’s Congress, aims to restructure the country’s steel industry, which has been grappling with a prolonged property market downturn and mounting trade frictions. However, the announcement didn’t cover any interventions […]
Qatar Steel and Bahrain Steel have announced a $1.266 billion deal [1] to enhance industrial cooperation and strengthen the steel industry in the region. The agreement, which covers the supply of 5 million metric tons of raw materials over five years, was revealed at a joint press conference held in Doha. The deal is part […]
Japan trade minister Muto is to visit US for tariff exemption. Japan’s Economy, Trade, and Industry Minister Yoji Muto is set to visit the United States as early as March 10 for discussions with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, the Asahi Shimbun reported on Tuesday, citing multiple sources. Muto […]
Commodities tycoon Sanjeev Gupta’s GFG Alliance said in a statement on Monday that it remained the largest creditor in Australia’s Whyalla Steelworks at A$536 million ($333.23 million). South Australia’s state premier put Whyalla into administration for unpaid bills on February 19 and said he wants to help develop lower carbon steel production in the state. GFG said […]
Union Steel and Heavy Industries Minister H.D. Kumaraswamy has outlined the government’s strategy to protect the Indian steel industry [1] in light of the new tariffs imposed by the United States. The announcement comes after U.S. President Donald Trump imposed a 25% tariff on steel imports from Canada and Mexico, and a 10% levy on […]
In February, Ukraine-based steel mill Zaporizhstal, a subsidiary of Metinvest, reported a production of 195.7 thousand tons [1] of rolled steel. This figure represents a slight decrease of 1.4% compared to last year. Despite the minor decline in rolled steel production, Zaporizhstal’s overall performance in February remained robust. The company produced 265.4 thousand tons of […]
Recent reports showed a significant growth in the steel manufacturing sector of India, with Sajjan Jindal signing a Memorandum of Understanding (MoU) with South Korea’s POSCO Group. This partnership aims to establish an integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA). “This JV also entails collaboration for […]
Dr. Ronald J. O’Malley, the F. Kenneth Iverson Endowed Chair of Steelmaking Technologies at Missouri University of Science and Technology, has been honored with the 2025 Tadeusz Sendzimir Memorial Medal for Innovation in Steel Manufacturing Technology by the Association for Iron & Steel Technology (AIST). O’Malley earned a Ph.D. in metallurgy from Massachusetts Institute of […]
In a move that has shaken global trade, U.S. President Donald Trump has signed an executive order reinstating a 25% tariff on steel imports. Effective March 12, 2025, the tariffs will apply to all countries without exemptions, reversing the previous exclusions granted under the 2018 measures. Based on recommendations from U.S. Secretary of Commerce Howard […]
The European Commission’s decision to scale back its key sustainability reporting regulations could pose challenges for investors seeking to allocate funds toward the bloc’s climate objectives. Since the 2015 global agreement on climate action, Europe has led efforts to transition the real economy toward net-zero emissions by 2050. This includes setting standards for defining “green” […]
Australia’s ambitious plans to become a global leader in green hydrogen production are facing significant challenges [1] as the country approaches its upcoming elections. According to project ratings agency HySights Pte Ltd, the outlook for Australia’s green hydrogen sector has soured, with the ratings of six key projects dropping an average of two bands since […]
Masdar, TAQA, and Eni have signed an agreement to support the tripartite initiative [1] between the UAE, Italy, and Albania as a move towards enhancing cross-border renewable energy collaboration. The agreement was signed in the presence of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni during Abu […]
Blastr Green Steel (Blastr) has signed a memorandum of understanding (MoU) with Aurora Infrastructure for a build, own, and operate (BOO) agreement. Under this arrangement, Aurora, a Finnish electricity network partner, will be responsible for designing, constructing, operating, maintaining, and financing the electricity distribution infrastructure for Blastr’s proposed steel plant in Inkoo, Finland. Aurora Infrastructure […]
The Industrial Development Bank of Türkiye (TSKB) has secured a €50 million loan from the OPEC Fund [1] for International Development (OPEC Fund) to support the growth of Turkey’s renewable energy sector. This financing agreement, the first collaboration between TSKB and the OPEC Fund, aims to accelerate Turkey’s transition to a low-carbon economy by funding […]
Saudi Arabia is making significant strides towards its ambitious goal of generating 50% of its energy from renewable sources [1] by 2030. This initiative is a key component of the Kingdom’s Vision 2030, which aims to diversify the economy and reduce its dependence on oil. The Saudi Green Initiative, launched by Crown Prince Mohammed bin […]
The Gulf Cooperation Council (GCC) region is witnessing a surge in electricity investment, driven by ambitious renewable energy targets, according to a recent report by Fitch Ratings [1]. The report highlights that the growth in investment is primarily supported by the GCC’s commitment to increasing the share of renewable energy and improving the efficiency of […]
French Minister Marc Ferracci said on Thursday that Europe’s steel sector needs to be better protected from cheap imports as current measures seem insufficient. European steel producers are struggling with weak demand and a surge of low-cost imports from Asia, as China’s massive overcapacity floods global markets, prompting producers to shift excess supply to Europe. […]
Jindal Steel made an offer to the troubled Italian Steelmaker to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter acknowledged. Jindal’s latest proposal to the Italian government offers a payment of about €1 billion for the asset, along with around €3 billion to revamp the main steel […]
Positive Zero, the Middle East’s leading decarbonization and energy transition provider, has reported record growth over the past year [1]. Since aligning with BlackRock, the world’s largest asset manager, in December 2023, Positive Zero has doubled its earnings and nearly tripled its capital expenditure on projects. The company says that they have significantly expanded its […]
The FBR has issued an SRO 204(I)/2025 to introduce draft amendments in the Customs Rules, 2001, on Tuesday. A tax expert opined that by excluding iron and steel scrap from EFS. The importers of compressors and motors will now have to pay all taxes at import stage, such as customs, sales tax, and income tax. […]
Tata Steel’s managing director, TV Narendran, advocated the implementation of safeguard duties on imported steel aimed at protecting India’s steel sector from the impacts of tariff increases imposed by the US. ” It’s not that India is exporting a lot of steel to the US, but the steel which used to end up in US […]
Bolivia, a South American country, has officially inaugurated the Mutun steel plant in Puerto Suarez, near the country’s border with Brazil, in a bid to reduce its dependence on metal imports. The $546 million megaproject was largely financed by a loan from the Export-Import Bank of China, further strengthening China’s economic and political influence in […]
Al Yamamah Steel Industries Company has agreed with the South Korean branch of Hyundai Engineering & Construction to supply steel towers for a 380 kV ultra-high voltage transmission line project in Saudi Arabia’s western region. In a statement to the Saudi Stock Exchange on Tuesday, the company announced that the contract is valued at 174.91 […]
Masdar, the UAE’s leading clean energy company, is in discussions to expand its portfolio [1] of 24/7 ‘baseload’ green power plants. This move follows the successful launch of the world’s first large-scale project combining solar power and battery storage, capable of delivering uninterrupted renewable energy around the clock. The groundbreaking project, located in Abu Dhabi, […]
Oman is making significant strides in its renewable energy sector, with plans to launch ten new projects between 2027 and 2029 [1], targeting a combined capacity of around 2,300MW. This ambitious move is part of the sultanate’s broader efforts to diversify its energy mix and reduce reliance on fossil fuels, aligning with Oman Vision 2040, […]
Dalian iron ore futures ended a four-day winning streak on Monday as rising levies on Chinese steel weakened demand prospects for the crucial steelmaking ingredient. However, the decline was tempered by decreasing portside inventories in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.77% lower at 832.5 yuan ($114.95) […]
BHP is ramping up its global search for copper to meet surging demand fueled by the energy transition. However, the scarcity of high-quality deposits, particularly in stable jurisdictions, poses a significant challenge for the mining giant, according to recent reports. Over the past five years, BHP has undergone a strategic shift in its investment priorities. […]
The UAE’s renewable energy sector, the Dubai Electricity and Water Authority (DEWA) has announced that its pumped-storage hydroelectric power plant in Hatta will begin exporting clean energy [1] to Dubai in April 2025. This project, which is the first of its kind in the GCC region, is set to contribute to Dubai’s clean energy goals […]
In a significant move to bolster Egypt’s renewable energy infrastructure, UAE-based Amea Power has signed an agreement [1] with the Egyptian Electricity Transmission Company (EETC) to develop two independent battery storage facilities. These facilities, with a combined capacity of up to 1,500 megawatt-hours (MWh), are set to play a crucial role in stabilizing the national […]
South Korean officials have requested an exemption from U.S. reciprocal tariffs on steel and aluminum during their visit to Washington this week, according to a statement from the industry ministry on Friday. Deputy Minister Park Jong-won, leading the first major South Korean government delegation to Washington since U.S. President Donald Trump announced broad tariffs, emphasized […]
The UK government has cast uncertainty over the future of GB Energy [1], the state-owned green energy company, by declining to confirm future funding commitments. The Treasury’s decision to withhold affirmation of the promised £8.3 billion ($10.5 billion) funding package has raised concerns about the company’s ability to achieve its ambitious goals. GB Energy, established […]
Former Indian cricket team captain Sourav Ganguly said on Friday that the steel plant project he is promoting in a partnership at Garbeta, located in West Bengal’s Paschim Medinipur district, is expected to become operational within the next 18-20 months. The project is expecting an investment of Rs 2,500 crore to establish the 0.8 million […]
New Hampshire lawmakers have passed two bills [1] that could see the state stepping back from its renewable energy commitments amid rising power prices. The legislation, House Bill 504 and House Bill 682, aims to prioritize affordability and efficiency by emphasizing market-driven energy sources, including fossil fuels. House Bill 504 updates the state’s energy policy […]
Prime Minister Anthony Albanese announced on Thursday that a struggling Australian metals plant will be repurposed into a production hub for “green iron and steel” as part of a government-backed billion-dollar rescue package. The initiative aims to revitalize the facility while advancing Australia’s push toward sustainable industrial practices. The company has been known to be […]
The foundation was set for one of Europe’s largest green hydrogen production plants, on Thursday, according to reports. Scheduled to begin operations in 2026, the plant will produce approximately 9,000 tons of green hydrogen annually to be used in the production of carbon-reduced steel. This initiative represents a step in the industrial application of hydrogen […]
TrinaTracker, a global leader in smart solar tracking solutions and a subsidiary of Trinasolar Co. Ltd, has announced the opening of a new manufacturing facility [1] in Saudi Arabia. The factory, named Trina Tracker for Renewable Energy, is set to begin operations in the first quarter of 2025 and will have an annual production capacity […]
Indonesia’s newly established sovereign wealth fund, Danantara, [1] has garnered significant interest from the United Arab Emirates (UAE) for potential collaboration on renewable energy projects. This partnership aims to develop an impressive 10 gigawatts (GW) of renewable energy capacity, marking a major step towards Indonesia’s ambitious climate goals. Danantara, which consolidates assets from several Indonesian […]
Steelinvest and Chinese steel producer Delong Steel have established a joint venture, named Ziming SG Global, to focus on marketing mill export sales. The Joint venture, based in Dubai, is led by Fred Hayrapet of Steelinvest Group. The company will primarily target semi-finished and finished steel products across long and flat products. Hayrapet emphasized that […]
Dubai, UAE – Dubai Electricity and Water Authority (DEWA) is making significant strides in advancing renewable water desalination [1] with the construction of the Hassyan Seawater Reverse Osmosis (SWRO) Plant. This state-of-the-art facility, part of DEWA’s strategy to enhance water security using sustainable sources, is set to become the world’s largest SWRO plant. The Hassyan […]
In a significant move towards bolstering its renewable energy sector, the Ethiopian government has signed a Memorandum of Understanding [1] (MoU) with the African Trade Insurance Agency (ATIDI). This agreement aims to facilitate foreign investment in Ethiopia’s renewable energy projects through ATIDI’s Regional Liquidity Support Facility (RLSF), thus accelerating the country’s transition to clean energy. […]
Tata Steel’s proposal to construct a £1.25 billion electric arc furnace (EAF) at its Port Talbot steelworks has been approved by the official from the Port Talbot planning committee. With construction set to commence this summer, the new facility is expected to be fully operational by early 2028. Designed to primarily process scrap steel, the […]
Adani Green Energy has decided to withdraw from its $1 billion wind power project [1] in Sri Lanka, citing ongoing regulatory challenges and tariff disputes. The decision came after the company had already invested approximately $5 million in predevelopment activities for the project. The project, which aimed to develop 484 MW of wind power plants […]
Japan to adopt new techniques to boost nuclear and renewables by 2040 Japan’s government adopted new decarbonisation targets aiming to reduce greenhouse gas emissions by more than 27% in the next 15 years, since 2013, approving renewable energy plan. The country targets to meet carbon neutrality by 2050. Under their plan of action, adopted by […]
Chinese batteries and electric vehicles, BYD Energy Storage has officially signed contracts [1] with the Saudi Electricity Company (SEC) to deliver a massive 12.5 gigawatt-hours (GWh) of battery energy storage systems (BESS) across five sites in Saudi Arabia. This deal marks the world’s largest grid-scale storage deployment to date. The project supports Saudi Arabia’s Vision […]
Danish renewable energy developer GreenGo Energy has signed an agreement with the Mauritanian government [1] to develop a 6-gigawatt (GW) green hydrogen project, granting GreenGo Energy access to more than 100,000 hectares of land near Nouakchott. The deal, signed by Minister of Energy and Petroleum Mohamed Khaled and GreenGo Energy CEO Karsten Nielsen, grants GreenGo […]
BHP Foresees an economic recovery in China and central bank rate cuts to boost demand for steel and copper but asks to be vigilant about potential trade tensions posing risks to global growth, as it reported its lowest first-half profit in six years. BHP had planned a $49 billion takeover of Anglo American, aiming to […]
Emirates Steel Arkan (EMSTEEL) has unveiled its new decarbonisation strategy to reach net-zero emissions by 2050, reports say. The company has announced plans to cut absolute greenhouse gas (GHG) emissions by 40 percent in its steel business unit and by 30 percent in its cement business unit by 2030, using 2019 as the baseline year. […]
Global Leaders Debate Trump’s Steel Tariffs and the Future of Supply Chains As global trade policies and decarbonisation goals collide, the need for innovative solutions in the steel and energy sectors has never been greater. The 2nd World Green Steel, Hydrogen, and Energy Summit to be held in Brussels, Belgium, on 29-30 April 2025 brings […]
Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy leader, TotalEnergies, and EPointZero, the decarbonization arm of 2PointZero, have signed a Framework for Action (FFA) agreement [1] to drive access to clean energy in emerging markets and developing economies in Africa and Asia. The agreement was signed at the third plenary meeting of the […]
Abu Dhabi-based Emirates Water and Electricity Company (EWEC) has announced a Request for Proposals (RFP) for the development [1] of the Al Sila Wind Independent Power Project (IPP), aiming to significantly boost the UAE’s renewable energy capacity. Located near the existing utility-scale wind farm in Al Sila, this project is set to generate up to […]
A Chinese steel industry group has cautioned that the newly imposed 25% tariff on steel imports to the United States could negatively affect the sector, a state media reported on Thursday. “The US move is essentially an act of trade protectionism,” the China Iron and Steel Association (CISA) said in a statement. “In the short […]
Trinasolar, a photovoltaic (PV) technology company [1], is making significant strides in the renewable energy sector across the Middle East and Africa (MEA) region, thanks to its innovative solutions and strategic initiatives. Trinasolar has introduced groundbreaking products specifically designed to tackle the unique challenges posed by the region’s harsh climatic conditions. The Vertex N 630W […]
On February 13, Lipetsk Oblast in Russia was under a massive raid by drones, according to regional governor Igor Artamonov. Reports say that the drones allegedly targeted Novolipetsk Steel (NLMK), Russia’s largest steel mill, known to produce about 20% of the country’s steel output. The production facility, situated approximately 400 kilometers from the Russia-Ukraine border, is responsible […]
The partnership between the two companies is prioritising performance monitoring and is implementing reporting mechanisms to track environmental impact while they measure emission reductions and enhance project transparency. SEE Holding has signed a Memorandum of Understanding (MoU) with Arabian Gulf Steel Industries (AGSI), marking a step towards advancing sustainable construction practices in the region. This […]
German industrial giant Thyssenkrupp has reported an increase in earnings despite weaker sales, attributing the growth to its ongoing efficiency initiatives. Meanwhile, the company’s military-related divisions anticipate a boost in demand, driven by rising global defense spending. Thyssenkrupp gave a mixed financial update on Thursday as it highlighted unstable market conditions while highlighting some areas […]
ACWA Power, a Saudi Arabia based leading developer of power and water solutions, has signed several key agreements [1] with Saudi Aramco to drive renewable energy and innovation in Saudi Arabia. These agreements were announced during ACWA Power’s flagship Innovation Days 2025 event in Riyadh. The partnerships focus on advancing renewable energy deployment and green […]
China has announced a significant policy shift [1], allowing market forces to determine the prices of renewable electricity. The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have agreed to scrap fixed pricing on renewable power, enabling electricity generated by renewables to be freely traded. This move is aimed at modernizing […]
South Africa’s mining industry is undergoing a significant transformation with the introduction of Discovery Green [1], a renewable energy trading platform under the financial services group Discovery. This innovative platform is set to provide large-scale renewable energy solutions to the mining sector, addressing rising electricity costs, carbon taxes, and the need for energy security. Unlike […]
Pakistani state media reported on Wednesday, that the Ambassador of the Russian Federation to the Islamic Republic of Pakistan, Albert P. Khorev has announced cooperation with Islamabad this year in the energy and industrial sectors, including the modernization of a state-owned steel mil. Pakistan Steel Mills (PSM) were assed by a team of technical experts […]
Heathrow Airport CEO Thomas Woldbye is set to respond today to the UK Government’s strong backing for the airport’s expansion, including plans for a third runway. Mr Woldbye is to announce the largest private investment programme in Heathrow’s history and confirm the airport is developing proposals for a third runway to share with Government by […]
The Global Renewables Alliance (GRA) has called on governments worldwide [1] to provide clear policy signals to boost investment in renewable energy. The GRA emphasized the need for specific and actionable renewable energy targets to achieve the global goal of tripling renewable energy capacity by 2030. During a press conference at the International Renewable Energy […]
Trump’s decision to bring on the 25 percent tariffs on steel and aluminium imports stepped up a long-promised trade war despite warnings from Europe and China. According to reports, Canadian Prime Minister Justin Trudeau said on Tuesday that Canada will resist any US tariffs on steel, announced by President Donald Trump, as this means to […]
Salah Abdel Kerim, Chairman of the Egyptian General Petroleum Corporation (EGPC), recently chaired a meeting of the Energy Transition Committee [1] to discuss the progress of the corporation’s renewable energy projects. During the meeting, Abdel Kerim emphasized the strategic necessity of transitioning from fossil fuels to renewable energy sources to ensure the sustainability and competitiveness […]
Somalia has launched a competitive tender [1] for a 55 MWp solar power plant with a 160 MWh battery energy storage system (BESS). The Ministry of Energy and Water Resources announced the tender, aiming to transform the country’s energy landscape and reduce its heavy reliance on diesel generators. The project, funded by the World Bank […]
The Gulf Cooperation Council (GCC) nations have announced a major investment of $100 billion in renewable energy [1] by 2030. This ambitious plan aims to significantly reduce carbon emissions by up to 20% and position the GCC as a key player in global sustainability efforts. The announcement was made during the 43rd meeting on ‘Future […]
Technology group Wärtsilä has launched its next-generation 46TS engine[1], designed to balance renewable energy sources and enhance power plant performance. The 46TS large-bore engine evolved from the successful Wärtsilä 50 engine platform, which has delivered over 55 million running hours worldwide since 2008. The 46TS engine is built to provide highly efficient baseload power and […]
US President Donald Trump signed executive orders planning to impose tariffs on steel and aluminium imports starting from March 12, ramping up a long-promised trade war, even after the warning from Europe and china. According to reports, Trump said on Monday in the Oval Office, “Today I’m simplifying our tariffs on steel and aluminum. It’s […]
Qatar Steel and Bahrain Steel have signed a $1.27 billion agreement to supply 5 million tonnes of the product over five years, aiming to enhance industrial cooperation and strengthen the sector in the region. On February 9, Qatar’s Ministry of Commerce and Industry announced the agreement, stating that it aligns with the Industrial Partnership for […]
New York Governor Kathy Hochul recently announced that the New York Power Authority (NYPA) has approved economic development awards [1]to 20 firms, resulting in over $940 million in capital investments and the creation of 1,774 jobs across the state. The awards include low-cost hydropower allocations under the ReCharge NY program, which will provide nearly 7.2 […]
President Donald Trump met U.S. Steel Chief Executive David Buritt at the White House on Thursday as the struggling steelmaker continued to advocate for a decision on its long-awaited takeover by Japan’s Nippon Steel. A $14.9 billion bid for U.S. Steel by Nippon Steel was blocked last month by former President Joe Biden. Trump has […]
As trade tensions between China and the United States intensify, Puma is shifting its supply chain, sourcing more from countries like Vietnam and Indonesia for the US market, according to CEO Arne Freundt. The ongoing economic conflict between the world’s two largest economies has escalated, with the Trump administration imposing 10% tariffs on China, prompting […]
In a notable development for former President Donald Trump and his administration’s stance on energy policies, oil giant Shell has announced its decision to withdraw [1] from the Atlantic Shores Offshore Wind Project located off the coast of New Jersey. This decision follows an executive order issued by Trump that temporarily halts offshore wind lease […]
Nissan Motor Co., Ltd. announced its new plans of expansions with the use of low-CO2-emission steel manufactured in Japan, to reduce the proportion of low-CO2-emission steel Nissan uses in Japan in fiscal year 2025, which is expected to increase by a factor of five compared to fiscal year 2023. Nissan says that they aim to […]
Singapore-based Sembcorp Industries has made a strategic move to expand its renewable energy footprint [1] in Southeast Asia by entering the Philippine market. Through its wholly-owned subsidiary, Sembcorp Energy Philippines, the company has acquired Puente Al Sol Inc., a solar project developer, for approximately S$105 million. The acquisition will be funded through a combination of […]
The agreements have been signed with Hafeet Rail Infrastructure, the region’s first cross-border rail network connecting Oman and the UAE. Emsteel, the region’s largest publicly traded steel and building materials manufacturers, has established strategic partnerships to streamline raw material sourcing from Oman and cross-border rail transport. Emsteel has formalized agreements with Hafeet Rail Infrastructure, the […]
