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Norwegian group to boost maritime green shift

In order to boost environmental technology and provide industry energy-efficient solutions, four companies are joining forces in a new cleantech group, named as HAV Group ASA. To better explain, HAV Design AS, HAV Hydrogen AS, Norwegian Electric Systems AS and Norwegian Greentech AS are bringing together their expertise and experience in a new group under the name HAV Group ASA, with a view to strengthening and highlighting their environmental technology. As informed, HAV Group's vision is to contribute to the green shift in the maritime and marine industry by producing innovative and profitable solutions. "We are now establishing HAV Group to further enhance innovation so we can steer the maritime and marine industry through the green shift, contribute to reducing environmental footprint, reduce emissions and accelerate the development towards zero emissions". ... Gunnar Larsen, CEO of HAV Group said. In addition, partners stated that the companies in the group will generate more value together than individually, and that the stock exchange listing is related to their wish to enable investments in a listed growth company and to position the new group for growth. "The technology and expertise we possess put us well positioned for further growth based on the major ...

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Carbon capture and storage could address 42% of world’s emissions, report finds

Carbon capture and storage (CCS) solutions could address about 42% of the world’s total dirty footprint, Norwegian intelligence firm Rystad Energy said in its monthly Energy Transition Report. The release came as the adaptation of renewable energy technologies is accelerating, even during the pandemic, and three contenders – carbon capture and storage (CCS), battery storage and hydrogen – have begun a competitive race to reduce emissions. After analyzing the full scope of global CO2 emissions, Rystad has concluded that CCS solutions could address about 42% of the world’s total dirty footprint, but will likely not reach its full potential, as competing hydrogen and battery societies will also target their fair share of the global pie. The core applications for CCS are within natural gas processing, power generation, hydrogen production (steam methane reforming or SMR), and industrial processes. Today, the vast majority is related to natural gas processing and hydrogen production for use in refining and fertilizer production. Not surprisingly, we find the largest CCS potential in China, India and the US, where power and combustion outweigh process emissions. The power sector, although significant, is less likely to utilize CCS than industry, as renewable energy – given the fast decline in ...

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