World News
Green Hydrogen Platform Sees €200 Million Investment
Green hydrogen investment platform Hy2gen AG has successfully completed a €200 million investment round.
The funds will be used to develop hydrogen-based fuel production facilities in locations including Europe, with shipping among the likely customers, the organisation said in an emailed statement on Thursday.
The investment round was the largest private green hydrogen-focused capital raise to date, according to the company.
"As early as 2021, we were looking for the best possible combination of financial and strategic investors to build e-fuel production facilities," Cyril Dufau-Sansot, CEO of Hy2gen, said in the statement.
"These have the potential to decarbonise entire industries and transport sectors. We are now very pleased that all parties have sealed the largest investment in this segment."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 579.00 | 12.50 | 633.00 | 0.00 |
| Rotterdam | 520.50 | 4.50 | 619.50 | 9.00 |
| Houston | 507.00 | 1.50 | 636.50 | 2.00 |
| Fujairah | 567.50 | 10.00 | 763.50 | 5.00 |
| Global 20 Ports Average | 591.00 | 6.50 | 726.00 | 2.50 |
| Global 4 Ports Average | 543.50 | 7.00 | 663.00 | 3.50 |
| Global Average Bunker Price | 635.50 | 8.00 | 803.50 | 2.50 |
Popular Now More
-
Sep 25The firm has arranged an $80 million debtor-in-possession financing facility to fund a restructuring process and allow it to continue normal operations in the meantime. -
Sep 26Gulf Petrochem FZC is seeking a reversal of the sale and AED 100 million in damages, a source tells Ship & Bunker. -
Sep 25The new manager was previously a senior commodity market manager for EY in London.