25 May 2021
Japan’s largest power generator has announced plans to begin using ammonia as a fuel source at one of its existing coal-fired power plants, in a co-firing demonstration project that the company expects will reduce greenhouse gas emissions.
The plan was announced on Monday by Japan’s largest power generation company Jera, a joint venture between Tokyo Electric Power, Chubu Electric Power, and IHI Corp, a Japanese engineering company.
The demonstration project is specifically designed to establish ammonia co-firing technology by burning both coal and ammonia at a large-scale commercial coal-fired power plant.
The demonstration project will then be able to evaluate boiler heat absorption and the environmental impact of co-firing, such as the impact of exhaust gases.
Fortescue Future Industries, IHI Engineering Australia and IHI Corporation have signed a Memorandum of Understanding (MoU) for an investigation into establishing green ammonia supply chains between Australia and Japan.
Fortescue (ASX:FMG) share price lower on Q3 update
James Mickleboro | April 29, 2021 10:10am |
More on:
The
Fortescue Metals Group Limited(ASX: FMG) share price is dropping today following its third quarter update.
At the time of writing, the iron ore producer’s shares are down 2% to $22.14.
How did Fortescue perform in the third quarter?
Fortescue was a relatively solid performer during the third quarter, achieving flat year on year iron ore shipments of 42.3 million tonnes. This brings its year to date shipments to 132.9 million tonnes, which is 2% higher than the prior corresponding period.
Positively, the mining giant continues to benefit from rising iron ore prices. During the quarter, Fortescue averaged US$143 per dry metric tonne. This was up 17% on the second quarter and represents revenue realisation of 86% of the average Platts 62% CFR Index.
Iron ore price not the full story of Fortescueâs defining quarter
Itâs hard to take your eyes off the iron ore price, but Fortescueâs March quarter is likely to be remembered for several other key events.Â
Apr 29, 2021 â 3.24pm
Save
Share
As Fortescue Metals Group chief executive Elizabeth Gaines brought the curtain down on the March quarter on Thursday, most eyes were fixed on the white-hot iron ore price.
And why not? With iron ore sitting at a record $US193 a tonne, and seemingly headed to the psychological barrier of $US200 a tonne, itâs hard to think about much else.
The company plans to convert the Dash 8 twin-turboprop regional aircraft (above) to hydrogen fuel-cell propulsion, which incorporates a twin-capsule module made with continuous carbon braided preform over a low permeability membrane. Photo Credit: Universal Hydrogen
On April 22 Universal Hydrogen ((Los Angeles, Calif., U.S.) announced its $20.5 million Series A financing round led by Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corp. and Future Shape. Founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua and Jon Gordon, Universal Hydrogen stitches together the end-to-end hydrogen value chain for aviation, both for hydrogen fuel and hydrogen-powered airplanes.