Author: omc_admin
€1.2B earmarked for Dunkirk electric arc furnace as part of ArcelorMittal’s decarbonization strategy in France. Total French investments reach €2B, underscoring long-term commitment to sustainable steel production. Industry optimism grows with new EU steel safeguards and anticipated CBAM enforcement post-summer. ArcelorMittal has reaffirmed its commitment to decarbonizing its French operations with a planned €1.2 billion investment in a new electric arc furnace (EAF) in Dunkirk. This move signals renewed confidence in Europe’s steel market stability following recent EU policy developments. “The leadership of the French Government has been key in the defense of the steel industry in France and Europe,”…
Supply chain sustainability management solutions provider Assent announced the launch of a new solution aimed at helping manufacturers to comply with the regulatory requirements of the EU’s Carbon Border Adjustment Mechanism (CBAM). Ottawa-based Assent provides systems to help manufacturers collect and manage the supply chain data needed to meet environmentally and socially responsible product standards and regulations. According to Assent, the new solution will enable users to easily calculate embedded supply chain carbon emissions, meet CBAM requirements, and respond to customer sustainability demands. Adopted in 2023, and coming into force in 2026, CBAM was established to avoid “carbon leakage,” a…
First-of-its-kind deployment: Aramco is the first company to commission a megawatt-scale Iron-Vanadium flow battery for renewable energy storage in gas operations. Strategic emissions reduction: The technology supports Aramco’s goal of achieving net-zero Scope 1 and 2 emissions across wholly owned assets by 2050. Industrial energy breakthrough: The system offers a durable, fire-safe, and cost-efficient alternative to traditional battery storage, tailored for harsh climates and industrial needs. Aramco has commissioned a world-first Iron-Vanadium (Fe/V) flow battery system to store renewable energy for its gas operations, marking a major milestone in industrial energy storage. The 1-MW/hour battery system—installed at Wa’ad Al-Shamal in…
Venture Global is on track to surpass Cheniere Energy to become the biggest U.S. LNG company by liquefaction capacity if regulators approve the CP2 export project, Reuters reports, citing LSEG and project data.Venture Global is urging the Federal Energy Regulatory Commission (FERC) to greenlight its third liquefaction plant, CP2 in Louisiana, by the middle of the year.The CP2 LNG facility will be located adjacent to Venture Global’s Calcasieu Pass LNG facility in Cameron Parish, Louisiana.CP2 LNG was initially proposed to be a facility with a capacity of 20 million metric tons per annum (mtpa), but Venture Global has raised the maximum capacity…
Risk-focused mindset dominates: 37% of IROs are negative impacts vs. only 13% as opportunities — a 3:1 ratio. CSRD reporting still maturing: Wide variability in disclosures, with most companies identifying only 6 of 10 ESRS standards as material. Climate, workforce, and conduct dominate boardroom focus: Nearly all companies report on E1 (Climate), S1 (Own Workforce), and G1 (Business Conduct). European companies are leaning into risk mitigation over opportunity as they navigate the EU’s new Corporate Sustainability Reporting Directive (CSRD), according to new research by Datamaran. The report analyzes over 11,000 Impact, Risk, and Opportunity (IRO) statements from 304 companies across…
Food and beverage giant PepsiCo announced today a series of updates to its key sustainability goals in areas across climate, packaging, agriculture and water, including pushing back its 2040 target to achieve net zero greenhouse gas emissions across the value chain by ten years to 2050. While also announcing more ambitious goals to integrate sustainable farming practices across its agricultural footprint, and retaining its “water positive” ambition, the company said that the move to revise its climate and packaging targets was required to account for “external realities.” Specifically, PepsiCo said that the changes reflect the company’s understanding about “where progress…
Pilot LNG LLC and Seapath Group have received the green light from the United States Army Corps of Engineers (USACE) and Coast Guard for the Galveston LNG Bunker Port (GLBP), meaning the project in the Texas City industrial area is now fully permitted for construction. Galveston LNG Bunker Port LLC expects to make a FID (final investment decision) mid-2025. Start-up is expected in the second half of 2027. “After several years of challenging and complex work bringing together the engineering, permitting, and third-party supplies for gas and power to the project, we are now comfortably ahead in the marketplace to be…
Leadership Upgrade: Former Nike CSO Noel Kinder joins Lululemon as SVP of Sustainability, bringing 25+ years of global ESG experience. Strategic Execution: Kinder will lead internal and external sustainability strategies, governance, and impact-focused initiatives across the value chain. Momentum Shift: His appointment comes as Lululemon doubles down on its climate and circularity goals amid industry-wide sustainability team reductions. Lululemon has appointed Noel Kinder, Nike’s former Chief Sustainability Officer, as Senior Vice President of Sustainability, signaling a renewed push to accelerate its impact agenda and ESG performance. Kinder, who joined the company last week, will be responsible for executing Lululemon’s global…
New Delhi: India’s oil demand is expected to grow at a compound annual rate of 3 to 5 per cent through 2030, outpacing China’s, although the country’s energy import dependence is projected to rise further, according to a report by Moody’s Investors Service.The report titled “Oil and Gas – China and India: Investment and demand trends diverge, but Chinese companies will retain credit edge” said China’s oil demand will likely peak by 2030, driven by slower economic growth and increasing adoption of electric vehicles.India’s crude oil consumption, in contrast, will continue to rise, supported by strong economic expansion and growing…
France’s supermajor TotalEnergies is launching its biggest solar project cluster in Europe—five solar projects with a total installed capacity of 263 MW near Seville, Spain. The solar field will produce 515 GWh per year of renewable electricity, equivalent to the consumption of over 150,000 Spanish households, and will avoid 245,000 tons of CO2 emissions per year, TotalEnergies said on Thursday. Most of the electricity produced will be sold through long-term power purchase agreements (PPAs) and the rest will be sold on the wholesale market, said the French supermajor, which hasn’t scaled down its ambitions in renewable energy generation despite a general drive…