18 May 2022
New agreement to increase offshore wind capacity tenfold
The Danish PM Mette Fredriksen announced that Denmark, together with Germany, Belgium and the Netherlands, are set to increase the offshore wind power capacity in the North Sea tenfold. The agreement includes 10,000 new wind turbines in the North Sea and will result in a capacity of at least 150 GW by 2050, enough to supply approximately 230 million European households with electricity. In total, the project requires investments of more than DKK 1,000 billion.
TV2 , Maritime Denmark , Leader Today
Chemical company Perstorp sold to Malaysia’s Petronas for SEK 24 billion
The 141 year old Swedish chemical corporation Perstorp is to be sold to Petronas Chemical Group (PCG) of Malaysia for SEK 24 billion. Perstorp CEO Jan Secher tells Di that while the new owners Petronas are good at the raw materials, Perstorp is more advanced and is developing specialised chemical products, so they will add complementary, advanced and needed skills to the new owner. Petronas also acknowledged that they had become interested in Perstorp for the company’s sustainability work, in which it has developed a method for producing climate-neutral methanol at its plant in Stenungsund.
Press release , Dagens Industri
Sweden’s Armed Forces are delaying the H2 Green Steel steelworks near Boden
H2 Green Steel’s projected steelworks by Boden may be delayed by up to 2.5 years because of an intervention by Sweden’s Armed Forces, which for a long time has had several key military installations in the Boden area. FM has now filed a formal opinion with the Land and Environment Court in Umeå stating that “special measures” will have to be taken before the steelwork may be established. The Armed Forces argue that the area where H2 Green Steel wants to build is land of special importance for Swedish national security. Its detailed reasoning is classified, but it is well known that there are a cluster of key fortifications in the Boden area which are vital to the defence of northern Sweden.
Scandlines install Norsepower rotor sail on hybrid ferry
In order to become emission-free by 2040, Scandlines has decided to install the Finnish Norsepower rotor sail on the company’s hybrid ferry M/F Berlin which sails on the route Gedser-Rostock. The new rotor sail can reduce CO2 emissions from Scandline’s hybrid ferry by an average of 4% and up to 20% on good days. As a result, the company is able to reduce the use of diesel engines, reducing fuel consumption and associated emissions.
Helbio supply Pherousa with ammonia cracker prototype
Metacon’s subsidiary Helbio has delivered its first “ammonia cracker” prototype to the Norwegian company Pherousa Green Technologies AS (Pherousa). The new technology shows an ammonita-to-hydrogen efficiency greater than 99.3%, a hydrogen purification unit able to remove 100% of all ammonia residues, the possibility to meet the limit value for ammonia and to implement a LT PEM fuel cell. This breakthrough in research could potentially enable the shipping industry to use ammonia as a hydrogen storage medium in the global shipping market, giving the industry a long-awaited zero-emission propulsion technology.
DB Schenker puts green ferry in service
DB Schenker has announced plans to put an autonomous, emission-free feeder vessel in service for the furniture company Ekornes. The ship will be operated by land-based navigators. In addition to DB Schenker and Ekornes, the ship manufacturers Naval Dynamics, Kongsberg and Massterly are included in the project. The vessel, which is 50 metres long and holds a cargo weight of 300 tonnes, is intended to operate between Ekornes’ harbour in Ikornnes and the harbour in Ålesund, from where the cargo will be reloaded for further shipping. However, before the project turns into reality, approval from the Norwegian Maritime Authority is required.
Advanced Soltech publishes 1Q22 report
The company’s 1Q22 report presents a total income (electricity sales and grants) which amounted to SEK 32.7 million, an increase of 21% compared with the previous year. The increase is due to a larger installed base of solar systems. During 1Q22, Advanced Soltech signed 3 contracts amounting to a total installed capacity of 6.5 MW and was awarded a prize in China as “The most influential solar investment company 2021” for the second year in a row.
Eolus Vind’s 1Q22 report is here
In its 1Q22 report, the company presents net sales which amounted to SEK 432 million, compared with the SEK 242 during the same time last year. However, Eolus also reports an after tax loss of SEK 138 million. Since the end of 1Q22, Eolus Vind and Hydro REIN have signed an agreement for the sale of 75% of the Stor-Skälsjön wind power project to MEAG.
Finland and Sweden increase cooperation on green transition
Today, the Ministers for Trade and Industry in Finland and Sweden have expressed a common political will to intensify the cooperation on industrial policy issues where the countries’ interests and expertise meet. The purpose of the collaboration is, among other things, to promote investment in the industrial green transition, address common challenges and exploit the potential of the northern regions’ industrial concentrations.
What we’re reading
- Netherlands to ban fossil heating from 2026, make heat pumps mandatory (Euractiv)
- Big carmakers stuck in slow lane over switch to zero emissions, study shows (The Guardian)
- Oceans are hotter, higher and more acidic, climate report warns (Argus)
- EU prepares to sell more carbon permits to pay for exit from Russian gas (Financial Times)
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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