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RWE Supply and Trading (RWE) and Australian hydrogen project developer The Hydrogen Utility Pty Ltd (H2U) have joined forces to develop hydrogen trading between Australia and Germany and therefore signed a Memorandum of Understanding (MoU). Together, the companies aim to bring green hydrogen produced in Australia to Europe.
This is in line with the objective of HySupply, a 24-month German-Australian feasibility study which started December 2020 by the German Academy of Science and Engineering and the Federation of German Industries. RWE and H2U are contributing to this with their expertise. Furthermore, the planned LNG Terminal in Brunsbüttel, Germany, where RWE intends to book capacity, will be an ideal location for the future import of hydrogen into the country.
Global demand recovery brightens European economic outlook | Hellenic Shipping News Worldwide
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Economic Watch: Global demand recovery brightens European economic outlook
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RWE and H2U partner to develop global hydrogen trading between Australia and Germany
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2021-04-17 07:35:49 GMT2021-04-17 15:35:49(Beijing Time) Xinhua English
FRANKFURT, April 17 (Xinhua) Despite the German government trying to tighten nationwide restrictions amid a recent surge of COVID-19 cases in Europe, the country s stock market soared to record highs on Friday, showing a glimmer of hope for recovery.
Experts pointed out that the strong recovery of global demands has boosted prospects for export-oriented German-listed companies, addressing concerns over the current tough situation.
EXPECTATIONS FOR RECOVERY
The DAX 30, a German stock exchange barometer that measures the performance of the 30 largest and most liquid listed companies, closed above 15,459 points on Friday for the first time. Stocks of manufacturing giants, especially automakers, were fueled by upbeat data from the economies of China and the United States.