English Edition

MOL Started Production in the Largest Capacity Green Hydrogen Plant of the Region 

Πεμ, 5 Σεπτεμβρίου 2024 - 18:47

The 10 megawatt electrolysis unit entered into production at MOL’s plant in Százhalombatta. MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources.MOL will use the green hydrogen primarily in its own network for fuel production. The plant will reduce carbon dioxide emissions of the Danube Refinery by 25 000 tonnes

VW Considers Closing Factories in Germany and Cutting Jobs

Πεμ, 5 Σεπτεμβρίου 2024 - 18:43

Volkswagen is considering shutting factories in Germany for the first time in its 87-year history, as chief executive Oliver Blume warned that the European automotive industry was in a “very . . . serious situation”

Montenegro’s EPCG Kicks Off Preparations to Install Batteries

Τετ, 4 Σεπτεμβρίου 2024 - 18:51

Elektroprivreda Crne Gore, controlled by the Government of Montenegro, started the preparations to install battery energy storage systems. It is a pioneering move among state-owned power companies in the Western Balkans as well as in Southeastern Europe

Russia Built Covert Trade Channel With India, Leaks Reveal

Τετ, 4 Σεπτεμβρίου 2024 - 18:48

Russia has been secretly acquiring sensitive goods in India and explored building facilities in the country to secure components for its war effort, according to Russian state correspondence seen by the Financial Times

UK North Sea Tax Changes Mean $12 Billion Revenue Drop, Industry Body Says

Δευ, 2 Σεπτεμβρίου 2024 - 15:44

British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and accelerate a decline in output, an industry group said on Monday

Dozens of Pumped Storage Hydropower Projects Underway in Greece

Δευ, 2 Σεπτεμβρίου 2024 - 15:42

The pileup of proposals for wind and solar power plants in Greece bolstered the interest in investments in pumped hydropower storage facilities to balance the output from the two intermittent sources. Government-controlled PPC is dominating the map

Greece Tackles Last of Wildfire Near Athens, Assesses Damage

Τετ, 14 Αυγούστου 2024 - 15:23

Firefighters battled on Wednesday to extinguish the remnants of a wildfire near Athens that killed a woman, torched buildings, devoured woodland and forced thousands of people to flee their homes

Global Petrochemical Firms Shape Up in Oversupply Crisis

Τετ, 14 Αυγούστου 2024 - 15:21

Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs in Europe have depressed margins for three consecutive years, forcing firms to consolidate

EV Maker Lucid Receives Further $1.5bn in Saudi Funding Ahead of SUV Launch

Τρι, 13 Αυγούστου 2024 - 17:25

Lucid Motors has received another $1.5bn in funding from its largest shareholder, Saudi Arabia’s Public Investment Fund, giving the Californian electric vehicle start-up vital new cash to navigate a global slowdown in demand and launch a mass-market SUV

Croatia's Janaf Offers to Carry Oil to Hungary, Slovakia - PM

Τρι, 13 Αυγούστου 2024 - 17:23

Croatian oil pipeline operator JANAF [ZSE:JNAF] is ready to enable crude oil transportation to Hungary and Slovakia in the context of Ukraine's recent decision to ban the transit of oil produced by Russia's Lukoil to the two landlocked countries via its territory, Croatian prime minister Andrej Plenkovic said on Thursday

UK Nuclear Waste Site Failed to Heed Warnings Over Cyber Risks, Court Told

Παρ, 9 Αυγούστου 2024 - 19:45

The UK state-owned operator of Europe’s largest nuclear waste dump failed to tackle cyber security weaknesses despite repeated interventions from regulators, a court heard

Cheap Russian Gas Curtails EU Demand, Slowing Greece's LNG Capacity Growth: Experts

Παρ, 9 Αυγούστου 2024 - 19:32

Greece's plan to become a major liquefied natural gas (LNG) hub in Europe and expand its LNG capacity has been undermined by declining demand and low-priced Russian gas, according to experts  

US Offshore Wind Opponents Seek to Form National Group to Fight Projects

Πεμ, 8 Αυγούστου 2024 - 18:29

U.S. activists opposed to offshore wind development are forming a national coalition aimed at fighting projects from California to New England, according to the effort's founder and two other organizations