Core Insights - ArcelorMittal published its 2024 Sustainability Report, highlighting progress in key sustainability areas such as safety, decarbonisation, and community engagement [2][4] Group 1: Sustainability Progress - The report details advancements in safety, with the implementation of dss+ safety recommendations initiated in November 2024, marking the beginning of a three-year transformation program [3] - The company has achieved a nearly 50% reduction in absolute emissions from its 2024 operating perimeter compared to 2018, supported by a $1 billion investment in decarbonisation projects [4][11] - The share of steel produced via electric arc furnace (EAF) has increased to 25% in 2024, up from 19% in 2018 [4] Group 2: ResponsibleSteel™ Certification - ArcelorMittal certified an additional nine sites in 2024, bringing the total to 42 certified facilities under the ResponsibleSteel™ initiative, which encompasses 12 environmental, social, and governance principles [3][4] Group 3: Economic Decarbonisation Challenges - The company acknowledges that achieving further decarbonisation through methods like carbon capture and green hydrogen DRI-EAF is likely to be economically viable only post-2030, contingent on supportive policies [5] Group 4: Financial Performance - In 2024, ArcelorMittal generated revenues of $62.4 billion and produced 57.9 million metric tonnes of crude steel [7]

Core Viewpoint - HyFuel Solar Refinery Pty Ltd, a subsidiary of Vast Renewables Limited, has received AUD 700,000 funding for the SA Solar Fuels project, aimed at developing sustainable fuels for maritime and aviation industries to meet decarbonization targets [1][2][6] Group 1: Project Overview - SA Solar Fuels, formerly known as Solar Methanol 1, is designed to address the increasing demand for sustainable fuels in the maritime and aviation sectors [2] - The demonstration plant will produce 7,500 tonnes per annum of green methanol, sufficient to fuel multiple car ferries and support sustainable tourism and short-sea shipping in Australia [3][10] - The project utilizes hydrogen-derived sustainable fuels to replace fossil fuels in logistics, providing a low-carbon alternative for various industrial applications [3] Group 2: Funding and Support - The ASLET initiative, co-delivered by CSIRO and the Maritime and Port Authority of Singapore, aims to accelerate net-zero emissions in maritime operations while delivering economic benefits [5] - The recent AUD 700,000 funding follows earlier support, including up to AUD 19.48 million from ARENA and EUR 12.4 million from the German government for the HyGATE initiative [7] Group 3: Technical Development - Preliminary front-end engineering and design (pre-FEED) for SA Solar Fuels has been completed, with ASLET funding aimed at further project optimization before commencing full FEED [4][10] - The project will leverage Vast's next-generation concentrated solar thermal power technology, expected to provide the lowest-cost energy for green fuel production [8]

Core Points - CMB.TECH has signed a landmark agreement with Mitsui O.S.K. Lines and MOL CHEMICAL TANKERS for nine ammonia-powered vessels, marking a significant step towards decarbonizing the maritime industry [1][4] - The agreement includes three ammonia-fitted Newcastlemax bulk carriers and six chemical tankers, with deliveries expected between 2026 and 2029 [2][3] - This partnership increases CMB.TECH's contract backlog by 921 million USD, bringing the total backlog to 2.94 billion USD, reflecting the company's strategy of fleet rejuvenation and diversification [4] Company Overview - CMB.TECH operates over 150 seagoing vessels, including crude oil tankers, dry bulk vessels, and chemical tankers, and is involved in hydrogen and ammonia fuel production [5] - The company is headquartered in Antwerp, Belgium, and has a global presence with offices in Europe, Asia, the United States, and Africa [5] - CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [6] Industry Context - Mitsui O.S.K. Lines is a leading shipping company with the world's second-largest fleet and the largest chemical tanker fleet, emphasizing its commitment to becoming a global social infrastructure company [6] - MOL CHEMICAL TANKERS operates the largest stainless steel tank chemical fleet, focusing on transporting a variety of liquid chemicals [7]

Core Insights - Scatec ASA signed a 25-year USD-denominated Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV and 100 MW/200MWh Battery Energy Storage System (BESS) project in Egypt, backed by a sovereign guarantee [1][2] Group 1: Project Details - The solar PV + BESS project aims to support Egypt Aluminium's decarbonization efforts and compliance with the EU's Carbon Border Adjustment Mechanism (CBAM) set to be implemented in 2026 [2] - The total estimated capital expenditure for the project is approximately USD 650 million, with around 80% funded by non-recourse project debt and the remainder by equity from Scatec and partners [5] - Scatec will act as the designated EPC service provider, responsible for about 90% of the total capex, and will also provide asset management and operations and maintenance services [5] Group 2: Strategic Importance - This project marks the first utility-scale PPA in Egypt with an industrial offtaker, highlighting Scatec's leadership in the renewable energy sector within the country [4] - The project is expected to reach financial close and commence construction within the next 12 months, pending land allocation, grid connection finalization, and financing [3]