Industry News

Swedish Steel Startup Stegra Pioneers 95% Lower-CO₂ Production, Redefining Industrial Decarbonization

A Swedish steel startup, Stegra, is on the brink of revolutionizing the industrial sector with a groundbreaking steelmaking process that slashes CO₂ emissions by 95% compared to traditional methods. This week, the Swedish Energy Agency announced an additional $40 million in state aid to support Stegra’s innovative steel mill, which is already 60% complete. The project, backed by the EU’s NextGenerationEU initiative, is poised to set a new benchmark for low-carbon industrial production and accelerate the global transition to sustainable materials.

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Breakthrough in Green Methanol Fuel: Singapore Accelerates Maritime Decarbonization with Low-Carbon Bunkering Licenses

Singapore’s Maritime and Port Authority (MPA) has awarded its first licenses for the supply of green methanol as a marine fuel, marking a pivotal step in the global push to decarbonize the shipping industry. The move, announced on November 24, 2025, positions Singapore as a frontrunner in the adoption of sustainable fuels, with green methanol—composed of waste CO2 and hydrogen produced via renewable-powered electrolysis—offering up to a 65% reduction in carbon emissions compared to conventional marine fuels. This development is not just a local milestone but a signal to the world: the maritime sector, responsible for 3% of global greenhouse gas emissions, is finally ready to embrace scalable, low-carbon alternatives.

Breakthrough in Green Methanol Fuel: Singapore Accelerates Maritime Decarbonization with Low-Carbon Bunkering Licenses Read More »

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