Core Insights - Australia's iron ore sector is transitioning from a phase of rapid expansion to a more constrained environment due to maturing assets, tighter margins, and changing demand from key markets [1][2]. Group 1: Industry Outlook - GlobalData projects that Australian iron ore production will rise modestly to approximately 1.1 billion tonnes, shifting the focus from expansion to replacement of aging assets [2][3]. - The industry is experiencing a transition from volume-based production to a focus on quality, driven by decarbonisation efforts that require higher-grade ore and new processing methods [3]. Group 2: Market Dynamics - The iron ore market is facing a tightly concentrated export environment, which is reshaping the industry's dynamics and may indicate a steady plateau or a more fundamental transition [4]. - China's dominance in demand continues to influence pricing pressures and production forecasts within the sector [3].

Core Insights - APAC is projected to have over 2.2 billion urban residents by March 2025, making it the most populous urban region globally, with a forecasted 50% increase in urban population by 2050, leading to significant electricity demand growth [1] - The gas turbine market in APAC is expected to reach $7.4 billion by 2030, driven by rapid urban development, particularly in East and Southeast Asia [2] - The 2025 gas turbine market value in APAC is estimated at $4.6 billion, significantly surpassing the EMEA region by $1.8 billion and representing less than 22% of the APAC market for the Americas [3] Market Dynamics - The steam and gas turbine sectors are on distinct trajectories, with steam assets modernizing for emissions improvements while gas-fired assets are viewed as cleaner alternatives for energy security [4] - Gas turbines are favored in markets balancing emissions targets with capacity demand, while steam turbines, primarily coal-fired, provide high capacity but with a higher emissions profile [5] - APAC is recognized as the largest and most strategically vital market for steam and gas turbines within the global thermal power industry [6] Energy Security and Decarbonization - The report emphasizes the importance of thermal power in rapidly urbanizing economies like China and India, where energy security is critical amid rising electricity demand and industrialization [7] - Many APAC countries have ambitious decarbonization targets, but the soaring electricity demand complicates these goals, necessitating a continued reliance on thermal power [8] - Gas turbines, especially in combined-cycle configurations, are seen as a cleaner alternative to coal, aligning with decarbonization efforts [9] Regional Market Insights - Asia is experiencing the fastest power demand growth globally at approximately 5% annually, with APAC holding 76.9% of the global steam turbine market share in 2025 [11] - The region's domestic industries, particularly in China, India, and South Korea, are leading in turbine manufacturing due to robust demand [12] - The trajectory for steam turbines is shifting due to international decarbonization efforts, leading to modernization trends and the adoption of more efficient technologies [13] Growth Drivers - Key drivers for the growth of steam and gas turbine markets in APAC include urbanization, industrialization, and the need for reliable grid operation, resulting in increased electricity demand [14] - Rapid industrialization in APAC, particularly in India and Southeast Asia, is expected to make these regions the largest and fastest-growing markets for energy services [15] - Countries like China dominate in lithium-ion battery and solar module production, while Vietnam and Malaysia are emerging as key manufacturing hubs [16][17] Future Outlook - The energy security landscape in APAC requires a balance between rapid urbanization and industrialization, with a focus on maintaining baseload reliability through steam turbine generation and flexible gas turbine technologies [19] - Policy frameworks, such as the Paris Agreement, are influencing the market trajectory, pushing for a transition away from high-carbon assets [20] - The APAC region's unique challenges and opportunities suggest that modernization projects and emissions-compliant retrofitting will be the primary business opportunities moving forward [24]

Core Viewpoint - Rio Tinto, in partnership with the Queensland and Commonwealth Governments, has established a significant agreement to secure the long-term future of the Boyne aluminium smelter in Gladstone, ensuring its international cost-competitiveness beyond the current power contract [1][3]. Investment and Financial Commitment - The Queensland and Commonwealth Governments will jointly invest A$2 billion over the next 10 years, extending to 2040, as part of the Federal Government's Future Made in Australia initiative [3]. - This investment is aimed at transitioning to long-term competitive power for the smelter and supporting manufacturing jobs in Central Queensland [3]. Renewable Energy Initiatives - The agreement builds on previous power purchase agreements (PPAs) that Rio Tinto has signed, which underwrite A$7.5 billion in new renewable energy and storage projects in Queensland [2]. - Rio Tinto has contracted over 2.8GW of new renewable energy and more than 600MW of storage capacity from five projects since January 2024, including significant solar and wind power investments [11]. Production and Employment Impact - The partnership ensures that Boyne Smelters Limited will continue aluminium production beyond 2029, maintaining operations at least until 2040 [4]. - The integrated aluminium production chain in Queensland is a major economic driver, directly employing over 4,500 people and supporting thousands more [10]. Strategic Positioning - The investment positions Boyne to be among the world's first aluminium smelters powered by solar and wind energy, as fossil fuel costs rise [6]. - The partnership preserves one of the few fully integrated aluminium value chains globally, from bauxite mining to aluminium smelting, in response to growing aluminium demand driven by the energy transition [7].

Core Insights - HyOrc Corporation has entered into a binding project development and technology agreement with OnEnergy Group for a waste-to-methanol facility in Bulgaria [1][2] - The project aims to process approximately 50,000 tonnes of Refuse-Derived Fuel (RDF) annually, with a daily throughput of about 150–155 tonnes, leading to a methanol production capacity of approximately 38–42 tonnes per day [2][3] - The facility is part of a broader integrated waste-to-energy platform that aligns with European Union priorities for decarbonisation and circular economy [2][3] Company Overview - HyOrc Corporation specializes in developing and commercializing patented hydrogen-capable combustion and waste-to-fuel systems for various sectors, including shipping, rail, and off-grid power [4] - The company is positioned as a technology partner for the project, focusing on the thermochemical conversion of RDF into green methanol [2][3] Project Details - The collaboration will see HyOrc lead the preparation of technical components to support the project's progression through established European industrial development pathways, including the EU Innovation Fund [3] - The project is described as a key step for waste-to-energy initiatives in Bulgaria, aiming to build a scalable foundation aligned with Europe's decarbonisation goals [3]

Change photo For personal use only Creating Value by Providing a Pathway to Decarbonisation 24 March 2026 NAM Disclaimer For personal use only The material contained in this document is a presentation of information about the Group's activities current at the date of the presentation, 24 March 2026, CT. It is provided in summary form and does not purport to be complete. It should be read in conjunction with the Group's periodic reporting and other announcements lodged with the Australian Securities Exchange ...

Core Insights - The H&M Foundation has launched a toolkit aimed at brands, suppliers, policymakers, and investors in the textile supply chain to help halve greenhouse gas emissions and facilitate a "just transition" [1][5] Group 1: Toolkit Overview - The toolkit includes structured workshops and digital resources designed to help organizations identify leverage points for reducing emissions [1] - Developed in partnership with Accenture, the toolkit consists of three workshop modules focusing on an organization's role, critical leverage points, and envisioning a decarbonized future [4] - The toolkit aims to prevent the shifting of costs or burdens within the supply chain by examining structural barriers and power dynamics [5] Group 2: System Map and Industry Context - The System Map introduced by H&M Foundation in 2024 illustrates the textile industry as an interconnected ecosystem influenced by various factors such as capital flows, incentives, and consumer demand [2][3] - The map details the entire value chain from fiber production to end-of-life, highlighting carbon emissions at each stage and systemic forces like profit priorities [3] - The foundation emphasizes that coordinated action based on a shared understanding of these systems is crucial for the industry to achieve its goal of halving greenhouse gas emissions every decade until 2050 [6]

Core Viewpoint - The fashion industry must collaborate to mitigate climate-related disruptions and fulfill existing commitments, with existing solutions available to address these challenges [1] Group 1: Purpose of the White Paper - The white paper serves as a resource for finance leaders, providing practical guidance and a framework to convert climate ambitions into actionable investment pathways [2] - The CFO of H&M Group emphasizes the high cost of inaction on climate change for both the planet and the industry [2] Group 2: CFOs' Role in Decarbonisation - CFOs have a fiduciary responsibility to ensure long-term business resilience rather than focusing solely on short-term profitability [3] - The white paper aims to inspire industry collaboration in decarbonisation efforts that enhance business resilience [3] Group 3: Barriers and Pathways to Decarbonisation - The paper identifies three interlinked barriers to decarbonisation, including unclear corporate value of financing scope 3 decarbonisation efforts, complex and fragmented supply chains, and a lack of relevant financing tools [4][7] - It proposes three potential pathways for overcoming these barriers, highlighting the pivotal role of CFOs in integrating climate risk and promoting cross-industry financing models [4] Group 4: Industry Collaboration and Action - The fashion industry has a unique opportunity for collaboration to address decarbonisation challenges, with increasing momentum for new financing models to accelerate the green transition [5] - Industry leaders recognize that supply-chain decarbonisation enhances resilience and builds long-term confidence, indicating that now is the time to act [6]

LONDON, March 16, 2026 – Stolt-Nielsen Limited (Oslo Børs: SNI), through its subsidiary Stolt-Nielsen Gas Ltd., has today announced that it has entered into a share purchase agreement to sell 50% of Avenir LNG Limited (Avenir LNG) to Nippon Yusen Kabushiki Kaisha (NYK Line). Avenir LNG was founded in 2017 and has grown into a leading player in the liquefied natural gas (LNG) bunkering sector, operating a global fleet of LNG bunker vessels. With this partnership, Stolt-Nielsen and NYK Line will expand their ...

For personal use only Sustainability Briefing 2026 16 March 2026 www.woodside.com Disclaimer, important notes and assumptions • The purpose of this presentation is to enable readers to obtain a high-level understanding of Woodside's sustainability strategy and performance in 2025. • It also includes extracts of broader market analysis relating to the potential demand for Woodside's products and services and other information. • This presentation does not contain all of the underlying context and detail that ...

Core Viewpoint - Eight major European energy companies, including Statkraft, are urging EU leaders to protect existing market mechanisms and accelerate the clean energy transition to enhance Europe's competitiveness [1][2]. Group 1: Market Mechanisms and Competitiveness - The companies warn against dismantling effective market mechanisms that support investment, security of supply, and affordable energy across Europe [2]. - Weakening the EU Emissions Trading System (EU ETS) could increase uncertainty and hinder necessary investments in the power sector, which is crucial for achieving the EU's goal of reducing emissions by 90% by 2040 [3]. - The EU ETS provides a clear price signal that guides long-term investments in renewable energy, flexibility, and electrification, serving as the backbone of Europe's net zero strategy [3]. Group 2: Energy Transition and Policy Frameworks - Europe is at a critical juncture where it must either accelerate the energy transition and innovation or risk undermining decades of progress in energy and industrial transformation [4]. - Predictable policy frameworks are essential to unlock significant investments needed for fossil-free, domestically produced electricity at scale [4]. - Access to sufficient and affordable electricity is central to addressing the competitiveness challenges faced by parts of the European industry [4]. Group 3: Integrated Electricity Market - Europe's integrated electricity market has resulted in lower costs, higher efficiency, and greater security of supply [5]. - Marginal pricing ensures electricity is produced and consumed at the lowest possible cost while providing investment signals for new generation and flexibility [5]. - Fragmentation of the market would lead to higher costs for consumers and weaken Europe's global competitiveness [5]. Group 4: ETS Revenues and Industrial Support - The letter emphasizes that ETS revenues present a significant opportunity to support European industry during the transition and electrification without adding pressure on public finances [6]. - The companies encourage EU leaders to facilitate efficient redistribution of ETS revenues and to quickly establish the Industrial Decarbonisation Bank as part of the Clean Industrial Deal [6].