May 8, 2024
RWE Issues $2 Billion Green Bond for Renewable Energy Projects
A green bond is a type of financial instrument that raises capital for projects that have a positive impact on the environment.
ExxonMobil and Air Liquide have entered a strategic partnership to enhance the production and distribution of low-carbon hydrogen and ammonia, with the goal of decarbonizing industrial operations along the U.S. Gulf Coast. As part of this agreement, Air Liquide will build and manage four Large Modular Air separation units (LMAs) to supply ExxonMobil’s Baytown, Texas facility with 9,000 metric tons of oxygen and 6,500 metric tons of nitrogen per day.
These LMAs will predominantly utilize low-carbon electricity to reduce the project’s carbon footprint. The Baytown facility is set to become the largest hydrogen production site globally, generating 1 billion cubic feet of low-carbon hydrogen daily and over 1 million tons of ammonia annually.
Additionally, the facility will capture more than 98% of the related CO2 emissions, significantly aiding the decarbonization efforts of industrial operations along the U.S. Gulf Coast.
A green bond is a type of financial instrument that raises capital for projects that have a positive impact on the environment.
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