article thumbnail

Dow to Build $6.5 Billion Net Zero Chemical Plant in Canada

ESG Today

billion project to build the world’s first net zero Scope 1 and 2 emissions ethylene plant in Alberta, Canada. The project will see Dow build a new ethylene cracker and increasing polyethylene capacity by 2 million metric tons annually (MTA), as well as retrofitting an existing cracker to net zero Scope 1 and 2 emissions.

article thumbnail

Bloomberg report: Urgent deployment of existing technology can get world close to net zero

Envirotec Magazine

The new report indicates that the speed with which clean technologies and decarbonization of the power sector are scaled up is crucial. Figure 1: Energy-related emissions and net-zero carbon budget, BNEF’s Economic Transition Scenario and Net Zero Scenario (Source: BloombergNEF. is buildings). Source: BloombergNEF.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trane Technologies and the U.S. Department of Energy Partner To Advance Building Decarbonization in New Heat Pump Technology Challenge

3BL Media

In line with the Challenge’s advanced technology specifications, these heat pumps will be designed to help organizations meet their energy efficiency needs and decarbonization goals. “As We are thrilled to work together on this important initiative to drive greater energy efficiency and decarbonization in our nation’s buildings.”

article thumbnail

Canada’s oil industry stands at a crossroads: Decarbonize or suffer energy-transition shock

Corporate Knights

With 80% of Canada’s crude oil exported to the United States, which is on a path toward decarbonization, the threat to Canada’s oil industry jobs cannot be ignored. will be EVs by 2027; the Biden administration is targeting 50% of new car sales to be EVs by 2030. The report predicted that 42% of new vehicles sold in the U.S.

article thumbnail

Diageo to Use Net Zero Glass Bottles from Hydrogen-Powered Furnace

ESG Today

Global spirits and beer company Diageo announced today a new partnership with glass manufacturer Encirc to build a hydrogen-powered furnace for the first-ever at scale net zero glass bottle production. The decarbonization of glass packaging also forms a key part of the UK government’s plan to reach net zero by 2050.

article thumbnail

Biden Administration Launches Zero Emissions Infrastructure Deployment Strategy to Decarbonize Freight Sector

ESG Today

The Biden administration announced the launch of the National Zero-Emission Freight Corridor Strategy, aimed at guiding the deployment of zero-emission medium- and heavy-duty vehicle (ZE-MHDV) charging and hydrogen fueling infrastructure through 2040. Transportation accounts for around a third of the U.S.’

article thumbnail

UK to Launch a Carbon Tax on Imports by 2027

ESG Today

In a statement announcing its plans to roll out the CBAM, the UK Treasury said: “Decarbonising UK industry forms an important part of delivering the energy transformation needed to achieve net zero. But these efforts will not succeed if decarbonisation in the UK simply leads to higher emissions abroad.”